DiamondRock Hospitality Earnings Reports

DiamondRock Hospitality Company announced strong first quarter 2025 results, with comparable RevPAR increasing by 2.0% and comparable Hotel Adjusted EBITDA growing by 2.2%. Net income attributable to common stockholders saw a significant increase of 59.3%. The company also completed a hotel disposition and repurchased shares.

DiamondRock Hospitality Company reported a net loss of $13.7 million in the fourth quarter of 2024, a significant decrease from a net income of $8.5 million in the same period last year, primarily due to a $32.6 million impairment loss on the Westin Washington D.C. City Center. Despite the net loss, the company saw increases in comparable revenues by 5.7% and comparable RevPAR by 5.4%.

DiamondRock Hospitality reported all-time record revenues in Q2 2023, with total revenues reaching $289 million, a modest increase of nearly 1% year-over-year, and Hotel adjusted EBITDA was $93.6 million. Urban hotels showed strong RevPAR growth, up 7.9% year-over-year, while resort portfolio RevPAR decreased by 13% compared to last year due to the redistribution of leisure travel.