Company: DRH-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001298946-25-000085
Chunk: 72

Company: DiamondRock Hospitality Co
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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84,388 84,542 Corporate expenses8,567 7,660 25,715 45,083 Interest expense17,111 16,986 47,137 49,434 Interest income(2,202)(967)(3,785)(3,185)Impairment loss1,076 1,596 1,076 1,596 Other (income) expense, net(95)(34)(740)(80)Income tax expense469 418 618 696 Consolidated net income:$22,638 $26,557 $75,592 $59,546 _____________________________(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):September 30, 2025December 31, 2024Hotel ownership$2,974,249 $3,063,835 All other172,154 108,416 Total assets$3,146,403 $3,172,251 

Total capital expenditures related to our hotel ownership segment were $19.7 million and $60.9 million for the three and nine months ended September 30, 2025, respectively. Total capital expenditures related to our hotel ownership segment were $22.6 million and $58.4 million for the three and nine months ended September 30, 2024, respectively. 

12.  Commitments and Contingencies

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   LitigationWe 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 the aggregate amount of such liabilities, if any, in excess of amounts covered by insurance will not have a material adverse impact on our financial condition or results of operations and comprehensive income. The outcome of claims, lawsuits and legal proceedings brought against the Company, however, is subject to significant uncertainties.   Commitments

In October 2024, we executed an extension of the ground lease underlying the Courtyard New York Manhattan/Fifth Avenue to add a second renewal option for an additional 36 years. Our ability to exercise the second renewal option is contingent on the Company spending no less than $7.0 million on capital improvements by the end of 2026 (the “