Company: DRH-PA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001298946-25-000015
Chunk: 148

Company: DiamondRock Hospitality Co
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 148
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 Hotel Adjusted EBITDA reconciled to consolidated net income (in thousands):

F-33

Year Ended December 31,202420232022Revenues:Hotel ownership revenue$1,129,883 $1,074,867 $1,001,503 Total consolidated revenue1,129,883 1,074,867 1,001,503 Significant expenses:Rooms expense186,131 176,765 163,062 Food and beverage expense193,331 180,546 163,622 Other departmental and support expenses268,563 261,536 233,691 Management fees28,739 26,587 25,029 Franchise fees39,724 35,738 32,683 Property taxes54,195 48,586 33,243 Total significant expenses770,683 729,758 651,330 Other segment expenses:Other hotel expenses(1)40,586 43,953 38,068 Hotel adjusted EBITDA:318,614 301,156 312,105 Non-cash lease expense and other amortization5,970 6,156 6,226 Hotel pre-opening and manager transition items1,006 1,246 1,164 Impairment losses34,169 941 2,843 Depreciation and amortization113,588 111,302 108,849 Corporate expenses32,549 32,048 31,790 Interest expense65,516 65,072 38,283 Interest income(4,013)(2,442)(1,029)Loss on early extinguishment of debt— — 9,766 Severance costs20,362 — (532)Other (income) expense, net(324)(119)2,433 Income tax expense1,541 317 2,607 Consolidated net income:$48,250 $86,635 $109,705 _____________________________(1)Other hotel expenses is principally comprised of cash payments for leases and property insurance.  The following table presents total assets for our hotel ownership segment, reconciled to total consolidated assets (in thousands):Year Ended December 31,20242023Hotel ownership$3,063,835 $3,118,140 All other108,416 120,547 Total assets$3,172,251 $3,238,