Earnings ·
DiamondRock Hospitality Co reported second quarter 2026 results with net income attributable to common stockholders of…
DRHDiamondRock Hospitality Co
DiamondRock Hospitality Co reported second quarter 2026 results with net income attributable to common stockholders of $90.5 million, or $0.44 per diluted share, representing a 135.7% increase year-over-year. Adjusted EBITDA rose 19.2% to $107.9 million, driven by comparable RevPAR growth of 7.0% and a favorable $6.9 million property tax settlement in Chicago. The company sold the Courtyard New York Manhattan/Fifth Avenue for $33.0 million on May 1, 2026. DiamondRock raised its full-year 2026 Adjusted EBITDA guidance to $310.0–$320.0 million and increased its quarterly common dividend by 22% to $0.11 per share. The lodging real estate investment trust owns a portfolio of 34 premium hotels and resorts in the United States.