Company: DRH-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001298946-25-000085
Chunk: 2

Company: DiamondRock Hospitality Co
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Item I.Financial Statements

DIAMONDROCK HOSPITALITY COMPANY

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

September 30, 2025December 31, 2024ASSETS(Unaudited)(Audited)Property and equipment, net$2,605,828 $2,631,221 Assets held for sale— 93,400 Right-of-use assets89,264 89,931 Restricted cash50,081 47,408 Due from hotel managers173,677 145,947 Prepaid and other assets82,217 82,963 Cash and cash equivalents145,336 81,381 Total assets$3,146,403 $3,172,251 LIABILITIES AND EQUITY  Liabilities:  Debt, net of unamortized debt issuance costs$1,098,756 $1,095,294 Lease liabilities86,585 85,235 Due to hotel managers132,574 121,734 Liabilities of assets held for sale— 3,352 Deferred rent76,680 73,535 Unfavorable contract liabilities, net56,964 58,208 Accounts payable and accrued expenses92,466 79,201 Distributions declared and unpaid17,430 49,034 Deferred income related to key money, net7,482 7,726 Total liabilities1,568,937 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 September 30, 2025 and December 31, 202448 48 Common stock, $0.01 par value; 400,000,000 shares authorized; 203,903,882 and 207,592,210 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively2,039 2,076 Additional paid-in capital2,233,400 2,268,521 Accumulated other comprehensive loss(5,934)(1,360)Distributions in excess of earnings(661,187)(679,050)Total stockholders’ equity1