Company: DRH-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001298946-25-000077
Chunk: 80

Company: DiamondRock Hospitality Co
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 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 2024. The 2024 operating statistics reflect the period in 2024 comparable to our ownership period in 2025 for the non-comparable properties. 

Three Months Ended June 30,20252024% ChangeOccupancy %76.7 %77.5 %(0.8)%ADR$295.78 $292.59 1.1 %RevPAR$226.95 $226.83 0.1 %

Food and beverage revenues increased $0.7 million from the three months ended June 30, 2024 to the three months ended June 30, 2025, primarily due to increases in both outlet and banquet and catering revenues, offset by a decrease of $1.7 million from the non