Recent Updates — DRH
July 30, 2026View Source ↗
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.