Company: DRH-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001298946-25-000085
Chunk: 81

Company: DiamondRock Hospitality Co
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 offset by an increase in business transient revenues.

The following are key hotel operating statistics for the three months ended September 30, 2025 and 2024. The 2024 operating statistics reflect the period in 2024 comparable to our ownership period in 2025 for the 2024 Acquisition and 2025 Disposition. 

Three Months Ended September 30,20252024% ChangeOccupancy %76.2 %76.2 %— %ADR$281.05 $282.05 (0.4)%RevPAR$214.21 $214.79 (0.3)%

Food and beverage revenues increased $1.6 million from the three months ended September 30, 2024 to the three months ended September 30, 2025, primarily due to an increase in banquet and catering revenues, offset by a decrease of $1.1 million due to our 2025 Disposition.

Other revenues, which primarily represent spa, parking, resort fees and attrition and cancellation fees, increased by $2.0 million from the three months ended September 30, 2024 to the three months ended September 30, 2025, primarily due to an increase in resort fees and, to a lesser extent, spa and parking revenues.

Hotel operating expenses. Hotel operating expenses consists of the following (dollars in thousands):

Three Months Ended September 30,Change20252024$%Rooms$46,529 $47,919 $(1,390)(2.9)%Food and beverage47,181 47,319 (138)(0.3)%Other departmental and support expenses68,127 67,357 770 1.1 %Management fees7,096 7,093 3 — %Franchise fees9,731 10,117 (386)(3.8)%Other property-level expenses24,967 24,752 215 0.9 %Total hotel operating expenses$203,631 $204,557 $(926)(0.5)%

Our hotel operating expenses decreased $0.9 million from the three months ended September 30, 2024 to the three months ended September 30, 2025. A decrease of $5.9 million was attributable to our 2025 Disposition, which was partially offset by an increase of $2.1 million due to our 2024 Acquisition. The offsetting increase was due