DIAMONDROCK HOSPITALITY RECOGNIZED AS A SECTOR LEADER BY GRESB

Rhea-AI Summary

DiamondRock Hospitality Company has been recognized by the Global Real Estate Sustainability Benchmark (GRESB) as a Real Estate Sector Leader for the fourth consecutive year. The company's outstanding corporate responsibility program and sustainability initiatives demonstrate its commitment to ESG transparency and improved performance.

Positive

• DiamondRock ranked 1st among Hotel / Americas in the GRESB Score, demonstrating strong ESG performance.
• The company received 4 Green Stars and was listed as a Top Performer and Sector Leader on the GRESB website.

Negative

• None.

#1 RANKING AMONG HOTEL PEERS FOR THE FOURTH CONSECUTIVE YEAR

BETHESDA, Md., Oct. 23, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) is pleased to announce that the Company has again been recognized by the Global Real Estate Sustainability Benchmark ("GRESB") as a Real Estate Sector Leader as part of the 2023 GRESB Real Estate Assessment, demonstrating its continuing commitment to ESG transparency and improved performance. 

"DiamondRock being recognized for the fourth consecutive year by GRESB for its outstanding corporate responsibility program and sustainability initiatives reflects the Company's industry leadership and deep commitment to furthering environmental, social, and governance excellence," said Mark Brugger, President and Chief Executive Officer of DiamondRock Hospitality Company. 

GRESB Real Estate Assessment (2023)

• Awarded Real Estate Assessment Sector Leader
• Awarded 4 Green Stars and listed on the GRESB website as a Top Performer and Sector Leader
• Ranked 1^st GRESB Score among Hotel / Americas
• Ranked 18^th GRESB Score among U.S. Listed Companies (Top 15%)

GRESB Public Disclosure (2023)

• Ranked 1^st within the U.S. Hotels with a score of "A" compared to the Peer Group Average of "B" and the GRESB Global Average of "B"

Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. GRESB recognizes Sector Leaders as the best performers by sector and region from across the GRESB Assessments. 

The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than USD 8.8 trillion of gross asset value, encompassing 2,084 real estate entities, 687 infrastructure assets and 172 infrastructure funds.

DiamondRock's sustainability report, available here, provides a summary of past performance along with future commitments.

About the Company

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company currently owns 36 premium quality hotels and resorts with over 9,700 rooms. The Company has strategically curated its portfolio to be comprised of unique lifestyle properties, as well as those enhanced by leading global brands. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com.

About GRESB

GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 150 institutional and financial investors to inform decision-making. For more information, visit www.gresb.com.

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SOURCE DiamondRock Hospitality Company

FAQ

What is the significance of DiamondRock being recognized by GRESB?

DiamondRock being recognized by GRESB highlights the company's industry leadership and commitment to environmental, social, and governance excellence.

How did DiamondRock perform in the GRESB Score?

DiamondRock ranked 1st among Hotel / Americas in the GRESB Score, showcasing strong ESG performance.

What accolades did DiamondRock receive from GRESB?

DiamondRock received 4 Green Stars and was listed as a Top Performer and Sector Leader on the GRESB website.

What is the GRESB ESG Benchmark?

The GRESB ESG Benchmark assesses and benchmarks the ESG performance of assets worldwide, providing insights to financial markets on sustainability topics.