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Diamondrock Hospitality Co  (NYSE: DRH)
Other Ticker:  
 
 
Price: $8.0450 $0.13 1.578%
Day's High: $8.07 Week Perf: 4.21 %
Day's Low: $ 7.97 30 Day Perf: -7.63 %
Volume (M): 231 52 Wk High: $ 9.88
Volume (M$): $ 1,854 52 Wk Avg: $8.72
Open: $7.95 52 Wk Low: $7.69



 Market Capitalization (Millions $) 1,709
 Shares Outstanding (Millions) 212
 Employees 400
 Revenues (TTM) (Millions $) 1,130
 Net Income (TTM) (Millions $) 48
 Cash Flow (TTM) (Millions $) -38
 Capital Exp. (TTM) (Millions $) 112

Diamondrock Hospitality Co
Diamondrock Hospitality Co. is a publicly traded real estate investment trust (REIT) headquartered in Bethesda, Maryland. The company was founded in 2004 and has quickly established itself as a major player in the hospitality industry, owning 31 premium hotels and resorts across the United States.

The company's portfolio includes resorts such as the Westin San Diego Gaslamp Quarter, a luxury hotel located in the heart of San Diego's historic Gaslamp district, and the Westin Boston Waterfront, a modern retreat on Boston's thriving waterfront. Diamondrock's hotels cater to both business and leisure travelers, offering high-end amenities and personalized service.

Diamondrock's investments are diversified and strategic, with a focus on premium-branded, urban hotels and resorts located in major metropolitan markets and popular tourist destinations. The company's properties are typically located in high-traffic areas like downtowns, convention centers, or within close proximity to airports. Diamondrock's properties range from upscale to luxury, with an average daily rate of $219.

Diamondrock has a highly experienced management team, with decades of experience in the hotel and tourism industries. The company's CEO, Mark Brugger, has over 30 years of experience in the hospitality industry, having held executive positions at Doubletree, PricewaterhouseCoopers, and Marriott.

The company's mission is to create long-term shareholder value by investing in high-quality hotels and resorts that offer attractive growth opportunities, while simultaneously providing exceptional guest experiences. Diamondrock's properties are managed by some of the most reputable hotel brands in the world, including Hilton, Marriott, and Hyatt.

Overall, Diamondrock Hospitality Co. is a leading player in the hospitality industry, with a strong portfolio of high-end hotels and resorts, a talented management team, and a focus on delivering exceptional experiences to its guests.


   Company Address: 2 Bethesda Metro Center, Suite 1400, Bethesda, 20814 MD
   Company Phone Number: 744-1150   Stock Exchange / Ticker: NYSE DRH


   

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Diamondrock Hospitality Co

DiamondRock Hospitality Co's Q1 2024: Steady Profit Amidst Revenue Growth

Financial News Report: DiamondRock Hospitality Company's Q1 2024 Results
DiamondRock Hospitality Company (NYSE: DRH) has announced its financial results for the first quarter of 2024. Despite facing challenges, the company managed to maintain its net profit per share at $0.03, the same as the previous year. However, there was a decline of -28.96% from the prior quarter when the income per share was $0.04.
Despite the decrease in income, the company experienced growth in revenue. The revenue for the first quarter of 2024 increased by 5.284% to $256.42 million compared to $243.55 million in the corresponding quarter of the previous year. However, sequentially, the revenue decreased by -2.703% from $263.55 million.

Personnel Announcements

DiamondRock Hospitality Company: Navigating Change through Strong Leadership and Strategic Decision-making

Published Mon, Mar 25 2024 12:45 PM UTC



In an era marked by rapid technological advancements and evolving consumer preferences, adapting to change has become a crucial skill for businesses across industries. DiamondRock Hospitality Company, a prominent lodging-focused real estate investment trust, has recently announced the retirement of their General Counsel, Bill Tennis. This article will delve into th...

Dividend

DiamondRock Hospitality Declares Dividend, Driving Momentum in Company Shares

Published Mon, Mar 4 2024 9:15 PM UTC



In a recent press release, DiamondRock Hospitality Company (NYSE: DRH) announced the declaration of a quarterly cash dividend of $0.03 per common share. This move showcases the company s commitment to maximize shareholder value and highlights its strong financial position. Additionally, the impact of this news on the company shares has been positive, as DiamondRock...

Diamondrock Hospitality Co

DiamondRock Hospitality Co Faces Declining Profitability Despite Revenue Growth

DiamondRock Hospitality Co (DRH) recently disclosed declining earnings per share (EPS) despite an increase in revenue for the most recent fiscal period. The company reported a revenue growth of 3.329% to $263.55 million compared to $255.06 million the previous year. However, EPS dropped by -37.46% to $0.04 per share, compared to $0.07 per share in the same period a year before.
In the previous financial reporting period, DRH achieved a revenue of $276.52 million and a bottom line of $0.12 per share. The net profits of $10.983 million for the financial interval ending December 31, 2023, witnessed a decline of -40.27% from $18.389 million in the corresponding period the previous year. The company shifted its focus to improving sales in this period, resulting in a net margin of 4.17%. However, operating earnings fell by -23.64% to $226.869 million, leading to a decline in the operating margin from 116.49% to 86.08%.

Diamondrock Hospitality Co

Diamondrock Hospitality Co Reports Modest Revenue Growth in Q3 2023, Causing Mixed Reactions Among Investors

Diamondrock Hospitality Co (NYSE: DHC) has recently released its third-quarter earnings report for 2023, and the results have left investors with mixed sentiments. The company's income per share remained unchanged at $0.12 compared to the same quarter last year but experienced a decline of -29.41% from the previous quarter when it was $0.17 per share.
Despite the stagnant income per share, Diamondrock Hospitality Co managed to increase its revenue moderately by 3.099% to $276.52 million in the third quarter of 2023. This growth was compared to $268.21 million generated in the same quarter the previous year. However, the revenue declined sequentially by -5.057% from $291.25 million, marking a potential area of concern for investors.







Diamondrock Hospitality Co's Segments

  Diamondrock Hospitality Co Outlook

On February 22 2024 the Diamondrock Hospitality Co provided following guidance

Diamondrock Hospitality Co. announced its fourth quarter and full year 2023 results, revealing that Comparable Full Year Total Revenues were 4.0% above those in 2022 and 11.3% above the numbers from 2019. This impressive growth has led the company to provide an optimistic outlook for 2024.

Based on their performance in 2023, Diamondrock Hospitality Co. is confident about their future prospects. The company, a lodging-focused real estate investment trust with ownership of 36 premium properties, is poised for continued success in the coming year. This positive outlook is supported by their strong financial performance and the overall health of the hospitality industry.

The company's solid revenue...





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