Welcome to our dedicated page for Diamondrock Hospitality Co news (Ticker: DRH), a resource for investors and traders seeking the latest updates and insights on Diamondrock Hospitality Co stock.
DiamondRock Hospitality Co (DRH), a leading lodging-focused REIT, provides investors and stakeholders with timely updates through this centralized news hub. Track the company’s latest press releases, earnings reports, and strategic developments in the hospitality sector.
This resource offers essential updates on acquisitions, portfolio enhancements, and operational milestones, ensuring stakeholders stay informed about DRH’s performance in key markets. Discover announcements related to asset management strategies, third-party partnerships, and financial results directly from the source.
Bookmark this page for streamlined access to DRH’s official communications, including updates on leisure destination properties and urban hotel operations. Regular visitors gain a competitive edge through organized, factual reporting tailored for both casual observers and professional analysts.
DiamondRock Hospitality Company (NYSE: DRH) will announce its Q1 2023 financial results on May 4, 2023, after market close. An investor conference call is scheduled for May 5, 2023, at 9:00 AM ET. Registration for the call is available online, enabling participation via telephone and the internet. The Company, a self-advised real estate investment trust, operates a portfolio of 35 hotels with over 9,600 rooms, focusing on leisure destinations and gateway markets. Additional information can be found on the Company's website.
DiamondRock Hospitality Company (NYSE: DRH) announced a quarterly cash dividend of
DiamondRock Hospitality Company (NYSE: DRH) reported strong operational results for 2022, with a net income of $109.7 million and earnings per diluted share of $0.47, reflecting a 54.8% revenue increase over 2021. The fourth quarter saw net income rise to $18.4 million, with revenues at $256.9 million, up 22.6% from 2021. Comparable RevPAR reached $198.37, a 50.6% increase year-over-year. The company acquired Lake Austin Spa Resort for $75.8 million and repurchased 1.6 million shares at an average price of $7.81. The firm ended 2022 with $589.5 million in liquidity and reinstated a quarterly dividend of $0.09. Looking ahead, the company anticipates robust demand in the hotel industry.
On January 24, 2023, DiamondRock Hospitality Company (NYSE: DRH) detailed the tax treatment for its 2022 distributions to shareholders of common and Series A preferred stock. Key dates include:
- Record Date (Common): 9/30/2022, Payable Date: 10/12/2022, Total Distribution: $0.03/share
- Record Date (Common): 12/30/2022, Payable Date: 1/12/2023, Total Distribution: $0.06/share
- Series A Preferred: Multiple distributions totaling $0.515625/share were noted for various record dates.
Shareholders are advised to consult tax advisors regarding their individual tax implications.
