Company: DRH-PA
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001298946-25-000049
Chunk: 66

Company: DiamondRock Hospitality Co
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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.0)%Lake Austin Spa ResortAustin, Texas40 50.9 %1,014.82 516.15 (10.4)%Henderson Park InnDestin, Florida37 51.9 %422.11 219.17 (6.6)%TOTAL/WEIGHTED AVERAGE10,005 66.6 %$277.01 $184.60 2.0 %

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(1)The percentage change from 2024 RevPAR reflects the comparable period in 2024 to our 2025 ownership period for our 2024 acquisition and 2025 disposition. 

(2)The hotel was sold on February 19, 2025.

(3)The hotel was closed for renovation during the three months ended March 31, 2025.

Results of Operations

At both March 31, 2025 and 2024, we owned 36 hotels. All properties owned during these periods have been included in our results of operations during the respective periods since their date of acquisition or through their date of disposition, as applicable. Based on when a property was acquired or disposed, operating results for certain properties are not comparable for the three months ended March 31, 2025 and 2024. The properties detailed in the table below are hereinafter referred to as “non-comparable properties” and all other properties are referred to as “comparable properties”:

PropertyLocationAcquisition DateAC Hotel Minneapolis DowntownMinneapolis, MinnesotaNovember 12, 2024

-21-

PropertyLocationDisposition DateWestin Washington, D.C. City CenterWashington, D.C.February 19, 2025

Comparison of the Three Months Ended March 31, 2025 to the Three Months Ended March 31, 2024 

Revenue.  Revenue consists primarily of the room, food and beverage and other operating revenues from our hotels, as follows (dollars in thousands):  

Three Months Ended March 31,Change20252024$%Rooms$163,118 $163,507 $(389)(0.2)%Food and beverage66,841 68,381 (1,540)(2.3)%Other24,894 24,535 359 1.5 %Total revenues$254,853 $256,423 $(1,570)(0.6)%

Our total revenues decreased $1.6 million from the three months ended March