Company: DRH-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001298946-25-000077
Chunk: 31

Company: DiamondRock Hospitality Co
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 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 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 elsewhere in this Quarterly Report on Form 10-Q, our Annual Report on Form 10-K for the year ended December 31, 2024 and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.

Our Hotels

The following tables set forth certain operating information for the six months ended June 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 57.5 %$252.45 $145.11 8.1 %Westin Boston Seaport District Boston, Massachusetts793 82.2 %271.43 223.20 5.2 %Salt Lake City Marriott Downtown at City CreekSalt Lake City, Utah510 71.0 %208.48 147.93 7.9 %Worthington Renaissance Fort Worth HotelFort Worth, Texas504 75.5 %207.93 157.01 0.4 %Westin San Diego BayviewSan Diego, California436 79.7 %235.97 188.08 20.7 %Westin Fort Lauderdale Beach ResortFort Lauderdale, Florida432 81.7