Company: DRH-PA
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001298946-25-000049
Chunk: 58

Company: DiamondRock Hospitality Co
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 of our current or future operating performance.The following table presents revenues for our hotel ownership segment reconciled to our consolidated amounts and Hotel Adjusted EBITDA reconciled to consolidated net income (in thousands):

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Three Months Ended March 31,20252024Revenues:Hotel ownership revenue$254,853 $256,423 Total consolidated revenue254,853 256,423 Significant expenses:Rooms expense43,843 43,968 Food and beverage expense46,417 47,239 Other departmental and support expenses65,286 64,600 Management fees5,415 5,708 Franchise fees9,048 9,026 Property taxes14,281 13,022 Total significant expenses184,290 183,563 Other segment expenses:Other hotel expenses(1)8,899 11,446 Hotel adjusted EBITDA:61,664 61,414 Non-cash lease expense and other amortization1,299 1,518 Hotel pre-opening and manager transition items23 234 Depreciation and amortization27,892 28,313 Corporate expenses7,683 8,904 Interest expense15,158 16,246 Interest income(781)(1,050)Other (income) expense, net(683)(19)Income tax benefit(842)(1,090)Consolidated net income:$11,915 $8,358 _____________________________(1)Other hotel expenses is principally comprised of cash payments for leases and property insurance.  The following table presents total assets for our hotel ownership segment, reconciled to total consolidated assets (in thousands):March 31, 2025December 31, 2024Hotel ownership$2,986,278 $3,063,835 All other115,319 108,416 Total assets$3,101,597 $3,172,251 

Total capital expenditures related to our hotel ownership segment were $25.6 million and $18.9 million for the three months ended March 31, 2025 and 2024, respectively. 

12.  Commitments and Contingencies

   Litigation

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We are subject to various claims, lawsuits and legal proceedings, including routine litigation arising in the ordinary course of business regarding the operation of our hotels and other Company matters. While it is not possible to ascertain the ultimate outcome of such matters, management believes that