Company: DRH-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001298946-25-000077
Chunk: 110

Company: DiamondRock Hospitality Co
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 110
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 our 2025 ownership period.

(2)The hotel was acquired on November 12, 2024. The percentage change from 2024 RevPAR reflects the comparable period in 2024 to our 2025 ownership period.

(3)The hotel was closed for renovation from January 1, 2025 until May 15, 2025, during the six months ended June 30, 2025.

Results of Operations

All properties owned during the periods presented 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 and six months ended June 30, 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”:

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PropertyLocationAcquisition DateAC Hotel Minneapolis DowntownMinneapolis, MinnesotaNovember 12, 2024

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

Comparison of the Three Months Ended June 30, 2025 to the Three Months Ended June 30, 2024 

Revenue.  Revenue consists of the following (dollars in thousands):  

Three Months Ended June 30,Change20252024$%Rooms$198,237 $203,487 $(5,250)(2.6)%Food and beverage78,828 78,111 717 0.9 %Other28,655 27,682 973 3.5 %Total revenues$305,720 $309,280 $(3,560)(1.2)%

Our total revenues decreased $3.6 million from the three months ended June 30, 2024 to the three months ended June 30, 2025.

Rooms revenues decreased by $5.3 million from the three months ended June 30, 2024 to the three months ended June 30, 2025, $5.8 million of which was from the non-comparable properties. The offsetting increase of $0.5 million was due to growth in the group and business transient segments, partially offset by lower leisure transient revenue. 

The following are key hotel operating statistics for the three months ended June 30, 2025 and