DiamondRock Hospitality Co

DiamondRock Hospitality Co. reported strong financial results for the first half of 2026, with net income attributable to common stockholders more than doubling to $104.9 million and diluted EPS reaching $0.51. This performance was significantly boosted by a $31.6 million gain from the sale of the Courtyard New York Manhattan/Fifth Avenue. The company also authorized a new $300 million share repurchase program and fully redeemed its preferred stock.

DiamondRock Hospitality Company reported strong second quarter 2026 financial results, with net income attributable to common stockholders increasing 135.7% to $90.5 million and diluted EPS rising 144.4% to $0.44. The company also announced a 22% increase in its quarterly common dividend to $0.11 per share and raised its full-year 2026 guidance for key metrics including Adjusted EBITDA and Adjusted FFO per share. Additionally, DiamondRock completed the sale of the Courtyard New York Manhattan/Fifth Avenue for $33.0 million.

DiamondRock Hospitality Co. announced the sale of its leasehold interest in the 189-room Courtyard by Marriott New York Manhattan/Fifth Avenue for $33.0 million, completed on May 1, 2026. The company stated this divestment reflects disciplined capital allocation and a focus on growing free cash flow per share, despite the hotel's Net Operating Income more than doubling from 2019 to 2025. Consequently, DiamondRock adjusted its full-year 2026 guidance, lowering Adjusted EBITDA by $5.9 million and Adjusted FFO per share by $0.025.

DiamondRock Hospitality Co (DRH) reported a significant increase in net income and EPS for Q1 2026. Net income attributable to common stockholders rose 53.8% to $14.5 million, with basic EPS increasing 40% to $0.07. Total revenues saw a modest 1.3% increase to $258.2 million, while Hotel Adjusted EBITDA grew 7.3% to $66.2 million. The company also announced a new $300 million share repurchase program and completed the redemption of all outstanding preferred stock, in addition to disclosing an agreement to sell one hotel for $33.0 million.

DiamondRock Hospitality Co (DRH) reported strong first-quarter 2026 financial results, with net income attributable to common stockholders increasing 54.3% to $14.5 million and Adjusted FFO per diluted share rising 15.8% to $0.22. The company also raised its full-year 2026 guidance for Adjusted FFO per share to $1.12-$1.18, reflecting better-than-expected Q1 performance and a favorable insurance renewal. Additionally, the Board approved a new $300 million share repurchase program and declared a quarterly cash dividend of $0.09 per share. At its Annual Meeting, stockholders elected all directors, approved executive compensation on an advisory basis, and ratified KPMG LLP as the independent auditor.