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DiamondRock Hospitality Company (DRH) investor relations material
DiamondRock Hospitality Company Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Comparable RevPAR rose 6.6%, Total RevPAR 6.5% and Hotel Adjusted EBITDA 12.5%; disciplined expense conversion expanded margin 166 bps, the third consecutive quarter above 100 bps.
Stronger demand and rates supported raised 2026 guidance; multiple property-level earnings drivers are expected to support growth in 2027.
Financial highlights
Q3 revenue was $297.6M, up 4.3% YoY; net income attributable to common stockholders was $33.3M and diluted EPS was $0.16, versus $22.6M and $0.10.
Q3 room revenue increased 3.4% to $195.5M, food and beverage revenue rose 7.1% to $72.2M, and other revenue grew 3.8% to $30.0M.
Comparable Hotel Adjusted EBITDA was $91.7M, up 12.5%; margin increased 166 bps to 30.81%.
Corporate Adjusted EBITDA was $84.8M, up 7.2%; Adjusted FFO was $66.1M, or $0.32 per diluted share, up 11.7% and 10.3%, respectively.
9M revenue was $874.1M, up 3.3%; Adjusted EBITDA was $253.3M, up 12.2%, and net income attributable to common stockholders was $138.3M.
Outlook and guidance
2026 Comparable RevPAR and Total RevPAR growth guidance increased to 4.75%–5.25%; the Comparable RevPAR midpoint rose 175 bps.
2026 Adjusted EBITDA guidance is $322M–$327M; Adjusted FFO is $256.5M–$261.5M, or $1.24–$1.26 per diluted share.
With expected 2026 capital expenditures of $75M–$80M, raised guidance implies 25% growth in free cash flow per share.
2027 earnings drivers include hotel stabilization, event demand, Westin Boston Seaport franchise savings, a full year of Bellmoor ownership and continued revenue-to-earnings conversion.
October results exceeded expectations; Q4 Total RevPAR growth was indicated at 4%–6%, and group pace was strongest in Q4 2026 and Q2–Q3 2027.
- Record 2023 revenue growth came with lower hotel EBITDA and compressed margins.DRH
Q4 2023 - Revenue topped $1B as leisure-led recovery drove record hotel margins.DRH
Q4 2022 - Leisure-led recovery doubled RevPAR, but urban demand and pandemic risks clouded the 2022 outlook.DRH
Q4 2021 - Pandemic losses drove liquidity defenses as recovery hinged on travel's gradual return.DRH
Q4 2020 - Acquisitions and reinvestment lifted Adjusted EBITDA amid slower 2019 growth expectations.DRH
Q4 2018 - Insurance gains lifted FY19 earnings as hotel operations grew modestly and leverage stayed conservative.DRH
Q4 2019 - Revenue grew 10% as lodging recovery and renovation gains offset occupancy disruption.DRH
Q4 2013 - Revenue rose 20.5% and RevPAR 5.2%, while impairment widened the net loss to $16.6M.DRH
Q4 2012 - Improving hotel demand and RevPAR met continued GAAP losses and significant portfolio change.DRH
Q4 2011
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Next DiamondRock Hospitality Company earnings date
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