DiamondRock Hospitality

This Memorial Day, DiamondRock Hospitality honors and remembers those who sacrificed their todays for our tomorrows. #MemorialDay

We are REALLY excited about a few personnel updates here at DiamondRock. First up Stephen Spierto was named Chief Accounting Officer. Steve has been a terrific addition to the team and his increased responsibilities reflect his consistently strong performance. Well-deserved Steve! Anika Fischer is joining the DiamondRock Hospitality team in June as our new Senior Vice President and General Counsel. We look forward to the enthusiasm and energy Anika will bring the role and our team. Congratulations to you both — we can’t wait to see where we can go together as a team. https://lnkd.in/eHNFJTvX #drhlife #drh #tacos

We can’t wait to experience the new outlets at #HotelChamplain Hilton Burlington is becoming Hotel Champlain

DiamondRock Hospitality reported results for the first quarter of 2024 and updated full year earnings guidance. We delivered comparable Total Revenue growth of 3.8% over the first quarter of 2023 driven by the strong gains in our group business and associated food & beverage performance. Comparable Hotel RevPAR declined 0.4% due a combination of difficult comparisons in our highest-rated luxury resorts, softness in the Northern California markets, and renovation disruption in select hotels. Due to a combination of G&A savings related to leadership streamlining and more conviction in our group pace, we revised our guidance for 2024 Adjusted EBITDA to a range of $270 million to $290 million and our 2024 Adjusted FFO per share to a range of $0.91 to $1.00. Our shareholder conference is Friday, May 3rd at 9:00am. To listen via webcast please consult our Investor Relations website or visit this link: https://lnkd.in/eertxcRN

It is an exciting time for DiamondRock! On Monday, we announced leadership changes and a simplified organizational structure to drive continued business momentum. Jeff Donnelly, previously EVP and CFO, has been appointed CEO; Briony Quinn, previously SVP and Treasurer, has been appointed CFO; and Justin Leonard, previously EVP, has been appointed President. “DiamondRock has a strong bench of talent and with accelerating performance and a solid foundation in place, the Board believes now is the right time to implement these changes and establish a simpler executive structure that more closely aligns with the needs of the business,” said William W. McCarten, Chairman of the DiamondRock Board. He continued, “Jeff is the ideal person to serve as CEO having demonstrated outstanding leadership and a keen understanding of our portfolio and strategy since joining the Company in 2019. Briony and Justin bring significant finance and transactional expertise, respectively, to their new roles, and their promotions reflect the contributions each has made to DiamondRock's success.” Read the full press release here: https://lnkd.in/eU-c6bfM #DRH #DiamondRock

DiamondRock Hospitality is very proud to announce we have again been recognized by the Global Real Estate Sustainability Benchmark ("GRESB") as a Real Estate Sector Leader in the 2023 GRESB Real Estate Assessment. This is #DRH's 4th consecutive year as #GRESB's Hotel/Americas sector leader and a testament to DiamondRock's strong commitment to sustainability. A copy of our 2022 Corporate Responsibility Report can be found here: https://lnkd.in/eFbjY_z8 #DRH #GRESB #green #sustainability #hotels

DiamondRock reported record second quarter revenue this week. Thank you to each and everyone on the "lean, mean, DiamondRock team" who made this quarter such a success for our shareholders. If you missed our earnings call -- our hold music this quarter was none other than the theme from The Magnificent Seven, a subtle nod to the authentic western feel Chico Hot Springs Resort and Day Spa, and our seventh experiential resort acquisition since the start of the remote work revolution. https://lnkd.in/ehJEJVUg #drh #diamondrock #earnings #remoteworkrevolution

Earlier this week, DiamondRock announced the acquisition of Chico Hot Springs Resort and Day Spa in Paradise Valley, Montana. We were fortunate to have been chosen as the new caretakers of a resort that is treasured by Montana families and the loyal friends who return each year from far away. DiamondRock will preserve this authentic piece of Montana history and is working closely with prior ownership, honoring their vision for Chico Hotel Springs Resort. If you've never had the chance to visit Montana, the resort is truly a hidden gem. Located in breathtaking Paradise Valley only minutes north of the Yellowstone National Park, Chico Hotel Springs Resort offers a host of activities onsite and in the area including the famous geothermal hot springs and world class dining. Give us a call and once you've been, you'll understand why they say, "CHICO ABIDES" Check it out here: https://lnkd.in/eDWn-zSN #ChicoAbides #yellowstonenationalpark #paradisevalley #montana #yellowstone #diamondrock #drhlife

Very excited to unveil The Dagny Boston, a glamorous, art deco lifestyle hotel at the corner of work and play in the heart of Boston. Stay with us next time your in the area or if you live in town, stop by for amazing dinner at Fin Point Oyster Bar and Grille or an amazing coffee and breakfast experience -- my personal go to spot in Boston -- at Tradesman Coffee Shop and Lounge