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

Company: DiamondRock Hospitality Co
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 in assessing performance of the segment and in establishing management’s compensation. Hotel Adjusted EBITDA, presented herein, is calculated as EBITDA from hotel operations, adjusted to exclude the following items that are not reflective of our ongoing operating performance or incurred in the normal course of business, and thus excluded from the CODM’s analysis in making day-to-day operating decisions:▪Non-cash lease expense and other amortization▪Cumulative effect of a change in accounting principles▪Gains or losses from early extinguishment of debt▪Hotel acquisition costs▪Severance costs▪Hotel manager transition items ▪Hotel pre-opening costs▪Impairment losses, gains or losses on asset sales and casualty gains or losses; and▪Other items that we believe are not representative 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 June 30,Six Months Ended June 30,2025202420252024Revenues:Hotel ownership revenue$305,720 $309,280 $560,573 $565,703 Total consolidated revenue305,720 309,280 560,573 565,703 Significant expenses:Rooms expense47,272 47,585 91,115 91,553 Food and beverage expense50,548 50,717 96,965 97,956 Other departmental and support expenses68,719 67,817 134,005 132,417 Management fees7,804 8,405 13,219 14,113 Franchise fees10,003 10,567 19,051 19,593 Property taxes16,663 13,051 30,944 26,073 Total significant expenses201,009 198,142 385,299 381,705 Other segment expenses:Other hotel expenses(1)9,351 11,650 18,250 23,096 Hotel Adjusted EBITDA:95,360 99,488 157,024 160,902 Non-cash lease expense and other amortization1,284 1,555 2,583 3,073 Hotel pre-opening and manager transition items321 535 344 769 Depreciation and amortization28,156 27,873 56