Company: DRH-PA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001298946-25-000038
Chunk: 40

Company: DiamondRock Hospitality Co
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 40
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3. For the definition of Hotel Adjusted EBITDA and a reconciliation to net income, refer to "Non-GAAP Measures" in Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024.

• Achieved comparable RevPAR of $205.15, an increase of 2.6% compared to 2023.

• Increased Adjusted FFO per diluted share 8.6% compared to 2023 to $1.01 per diluted share. For the definition of Adjusted FFO and a reconciliation to net income, refer to "Non-GAAP Measures" in Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024.

#### Investment Accomplishments
• Completed the repositioning and rebranding of the Hilton Burlington Lake Champlain as the Hotel Champlain Burlington, Curio Collection by Hilton. The transformation of the 258-room hotel represents a strong return-on-investment opportunity and included the creation of new lifestyle community spaces, a new all-day cafe, an upgraded state-of-the-art fitness center, and a new signature seafood restaurant, Original Skiff Fish & Oysters, in partnership with a local award-winning chef.

• Acquired the 245-room AC Hotel Minneapolis Downtown for $30 million.

• Completed approximately $82 million of capital investment projects to maintain our hotels at institutional standards and for return on investment projects in 2024.

#### Balance Sheet Accomplishments
• Ended 2024 with a net debt to Adjusted EBITDA ratio of 3.5 times. For the definition of Adjusted EBITDA and a reconciliation to net income, refer to "Non-GAAP Measures" in Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024.

• Ended 2024 with total liquidity of approximately $584.3 million.

• Repaid the $73.3 million mortgage loan secured by the Courtyard New York Manhattan/Midtown East.

• Extended the maturity date of its $300 million unsecured term loan by one year to January 2026.

#### Other Accomplishments
• Repurchased 3.1 million shares of its common stock at a weighted average price of $8.33 per share for