Company: DRH-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001298946-25-000085
Chunk: 110

Company: DiamondRock Hospitality Co
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 110
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5 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 to higher property tax assessments, primarily related to our Chicago properties.

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Depreciation and amortization. Depreciation