Company: DRH-PA
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001298946-25-000049
Chunk: 0

Company: DiamondRock Hospitality Co
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
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Item I.Financial Statements

DIAMONDROCK HOSPITALITY COMPANY

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

March 31, 2025December 31, 2024ASSETS(Unaudited)Property and equipment, net$2,625,136 $2,631,221 Assets held for sale— 93,400 Right-of-use assets89,707 89,931 Restricted cash49,638 47,408 Due from hotel managers160,991 145,947 Prepaid and other assets75,504 82,963 Cash and cash equivalents100,621 81,381 Total assets$3,101,597 $3,172,251 LIABILITIES AND EQUITY  Liabilities:  Debt, net of unamortized debt issuance costs1,092,941 1,095,294 Lease liabilities85,674 85,235 Due to hotel managers123,724 121,734 Liabilities of assets held for sale— 3,352 Deferred rent74,584 73,535 Unfavorable contract liabilities, net57,793 58,208 Accounts payable and accrued expenses68,250 79,201 Distributions declared and unpaid17,334 49,034 Deferred income related to key money, net7,645 7,726 Total liabilities1,527,945 1,573,319 Equity:  Preferred stock, $0.01 par value; 10,000,000 shares authorized: 8.250% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), 4,760,000 shares issued and outstanding at March 31, 2025 and December 31, 202448 48 Common stock, $0.01 par value; 400,000,000 shares authorized; 206,972,935 and 207,592,210 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively2,069 2,076 Additional paid-in capital2,253,718 2,268,521 Accumulated other comprehensive loss(4,511)(1,360)Distributions in excess of earnings(686,428)(679,050)Total stockholders’ equity1,564,896