Company: DRH-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001298946-25-000085
Chunk: 77

Company: DiamondRock Hospitality Co
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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.S. economic conditions generally, inflation, interest rates, tariffs, regional and local employment growth, personal income and corporate earnings, office vacancy rates and business relocation decisions, airport and other business and leisure travel, increased use of lodging alternatives, new hotel construction and the pricing strategies of our competitors. In addition, our ADR, occupancy percentage and RevPAR performance is dependent on the continued success of our hotels' global brands.

We also use EBITDA, EBITDAre, Adjusted EBITDA, Hotel Adjusted EBITDA, FFO and Adjusted FFO as measures of the financial performance of our business. See “Non-GAAP Financial Measures” for further discussion on these financial measures.

Outlook 

Like other companies in our industry, we are subject to changes in the macroeconomic, political, and regulatory environments and the impacts of recently implemented and newly proposed tariffs. These factors have contributed to a decline in leisure transient travel in and international travel to the United States. We continue to monitor the potential favorable or unfavorable impacts of these and other factors on our business, operations, financial condition, future results of operations and cash flow, which are dependent on future developments, including as a result of those risk factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2024 as updated by our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Our Hotels

The following tables set forth certain operating information for the nine months ended September 30, 2025 for each of our hotels owned during the period. 

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PropertyLocationNumber ofRoomsOccupancy (%)ADR ($)RevPAR ($)% Changefrom 2024 RevPARChicago Marriott Downtown Magnificent MileChicago, Illinois1,200 64.6 %$258.90 $167.19 5.8 %Westin Boston Seaport District Boston, Massachusetts793 84.7 %272.97 231.30 1.4 %Salt Lake City Marriott Downtown at City CreekSalt Lake City, Utah510 70.9 %206.36 146.23 10.7 %Worthington Renaissance Fort Worth HotelFort Worth, Texas504 72.3 %202.77 146.68 (0.6)%Westin San Diego BayviewSan Diego, California436 80.7 %231.56 186.76 9.8 %Westin Fort Lauderdale Beach ResortFort