Recent Updates — DRH

DiamondRock Hospitality Company completed the acquisition of The Bellmoor Inn & Spa, a 79-room luxury resort in Rehoboth Beach, Delaware, on October 1, 2026. Total consideration was $31.0 million, funded with cash on hand, representing approximately $392,000 per key. Based on trailing twelve-month results ended August 2026, the purchase price reflects a 10.4x Hotel EBITDA multiple and an 8.6% capitalization rate on net operating income. The acquisition is not expected to have a material impact on fourth quarter 2026 earnings. DiamondRock Hospitality Company is a self-advised real estate investment trust that owns a portfolio of geographically diversified hotels concentrated in leisure destinations.

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.