Company: DRH-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001298946-25-000077
Chunk: 35

Company: DiamondRock Hospitality Co
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 months ended June 30, 2025 and 2024. The 2024 operating statistics reflect the period in 2024 comparable to our ownership period in 2025 for the non-comparable properties. 

Three Months Ended June 30,20252024% ChangeOccupancy %76.7 %77.5 %(0.8)%ADR$295.78 $292.59 1.1 %RevPAR$226.95 $226.83 0.1 %

Food and beverage revenues increased $0.7 million from the three months ended June 30, 2024 to the three months ended June 30, 2025, primarily due to increases in both outlet and banquet and catering revenues, offset by a decrease of $1.7 million from the non-comparable properties.

Other revenues, which primarily represent spa, parking, resort fees and attrition and cancellation fees, increased by $1.0 million from the three months ended June 30, 2024 to the three months ended June 30, 2025, $0.2 million of which was from the non-comparable properties. The remaining increase of $0.8 million was primarily due to an increase in resort fees and to a lesser extent, spa and parking revenues.

Hotel operating expenses. Hotel operating expenses consists of the following (dollars in thousands):

-24-

Three Months Ended June,Change20252024$%Rooms$47,272 $47,585 $(313)(0.7)%Food and beverage50,548 50,717 (169)(0.3)%Other departmental and support expenses68,719 67,817 902 1.3 %Management fees7,406 8,008 (602)(7.5)%Franchise fees10,003 10,567 (564)(5.3)%Other property-level expenses28,017 27,188 829 3.0 %Total hotel operating expenses$211,965 $211,882 $83 0.0 %

Our hotel operating expenses increased $0.1 million from the three months ended June 30, 2024 to the three months ended June 30, 2025. A decrease of $4.8 million from the non-comparable properties was more than offset by higher property tax assessments primarily related to our Chicago properties.

Depreciation and amortization. Depreciation and amortization on