Company: DRH-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001298946-25-000085
Chunk: 71

Company: DiamondRock Hospitality Co
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 Adjusted EBITDA, presented herein, is calculated as EBITDA from hotel operations, adjusted to exclude the following items that are not reflective of our ongoing operating performance or incurred in the normal course of business, and thus excluded from the CODM’s analysis in making day-to-day operating decisions:▪Non-cash lease expense and other amortization▪Cumulative effect of a change in accounting principles▪Gains or losses from debt extinguishment▪Hotel acquisition costs▪Severance costs▪Hotel manager transition items ▪Hotel pre-opening costs▪Impairment losses, gains or losses on asset sales and casualty gains or losses; and▪Other items that we believe are not representative of our current or future operating performance.The following table presents revenues for our hotel ownership segment reconciled to our consolidated amounts and Hotel Adjusted EBITDA reconciled to consolidated net income (in thousands):

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Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenues:Hotel ownership revenue$285,384 $285,129 $845,957 $850,832 Total consolidated revenue285,384 285,129 845,957 850,832 Significant expenses:Rooms expense46,529 47,919 137,644 139,472 Food and beverage expense47,181 47,319 144,146 145,275 Other departmental and support expenses68,127 67,357 202,132 199,774 Management fees7,492 7,491 20,711 21,604 Franchise fees9,731 10,117 28,782 29,710 Property taxes14,560 12,923 45,504 38,996 Total significant expenses193,620 193,126 578,919 574,831 Other segment expenses:Other hotel expenses(1)8,596 9,744 26,846 32,840 Hotel Adjusted EBITDA:83,168 82,259 240,192 243,161 Non-cash lease expense and other amortization1,279 1,531 3,862 4,604 Hotel pre-opening and manager transition items135 156 479 925 Loss on debt extinguishment5,850 — 5,850 — Depreciation and amortization28,340 28,356