DiamondRock, a lodging-focused MD corporation operates as a real estate investment trust (REIT), owns a portfolio of 29 premium hotels & resorts containing ~10,900 rooms, concentrated in key gateway cities and destination resorts throughout North America and the U.S.V.I. Our vision is to be the premier allocator of capital in the lodging industry and our goal is to deliver above-average shareholder returns across the full lodging cycle. We strive to differentiate ourselves from peers by executing on three strategic principles: - Maintaining a balanced portfolio of high-quality assets with superior growth prospects in markets that have high barriers to entry. - Employing disciplined and innovative approaches to asset management that drive meaningful upside to underlying performance. - Preserving a clean, conservative balance sheet that supports strategic and financial flexibility, dividends and shareholder returns. As an owner, as opposed to an operator, we receive all operating profits or losses generated by our hotels after we pay fees to the hotel managers, which are based on the revenues & profitability of the hotels. Each of our 29 hotels & resorts is managed by a third party. Most are operated under a brand owned by one of the leading global lodging companies: Marriott International, Inc.™, Starwood Hotels & Resorts Worldwide, Inc.™, or Hilton Worldwide™. We regularly analyze all of the properties in our portfolio, as well as market conditions, to ensure that we are allocating capital to the highest return opportunities. Our ongoing capital allocation activities include renovation projects, marketing non-core assets for sale & acquisitions. Additionally, our conservative capital structure helps us achieve the optimal balance between value, risk and cost of capital. We seek to further enhance value through efficient corporate overhead, best-in-class corporate governance practices, and openness and transparency in our communications with investors.

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Type
Public
HQ
Bethesda, US
Founded
2004
Size (employees)
26 (est)
Website
drhc.com
Diamondrock Hospitality was founded in 2004 and is headquartered in Bethesda, US
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Diamondrock Hospitality Office Locations

Diamondrock Hospitality has an office in Bethesda
Bethesda, US (HQ)
1500 3 Bethesda Metro Center
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Diamondrock Hospitality Financials and Metrics

Diamondrock Hospitality Financials

Diamondrock Hospitality's revenue was reported to be $870.01 m in FY, 2017
USD

Revenue (Q1, 2018)

181.5 m

Net income (Q1, 2018)

4.3 m

EBIT (Q1, 2018)

13.5 m

Market capitalization (15-May-2018)

2.3 b

Closing share price (15-May-2018)

11.7

Cash (31-Mar-2018)

69.1 m

EV

3.2 b
Diamondrock Hospitality's current market capitalization is $2.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

799.7 m872.9 m931 m896.6 m870 m

Revenue growth, %

9%7%(4%)

Sales and marketing expense

22 m

Operating expense total

22 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

210.6 m190.1 m229.9 m229.2 m208.9 m249.8 m238.5 m213 m256.7 m220.2 m196.2 m243.3 m181.5 m

Sales and marketing expense

7.2 m5.3 m8.5 m8.3 m6.2 m8.9 m7.6 m6.6 m8.8 m7.7 m6 m6.9 m2.8 m

Operating expense total

188.7 m180 m8.5 m8.3 m6.2 m8.9 m7.6 m6.6 m8.8 m7.7 m6 m6.9 m2.8 m

Depreciation and amortization

24.9 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

144.6 m144.4 m213.6 m243.1 m183.6 m

Accounts Receivable

Inventories

PP&E

2.6 b2.8 b2.9 b2.6 b2.7 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

43.4 m111.5 m253.9 m119.1 m87.2 m84.1 m62 m48.9 m166.5 m236 m112.4 m149.6 m69.1 m

PP&E

2.6 b2.6 b2.5 b2.7 b2.8 b2.9 b2.9 b2.9 b2.6 b2.6 b2.8 b2.7 b2.8 b

Total Assets

3 b3 b3.1 b3.1 b3.1 b3.2 b3.2 b3.2 b3.1 b3.1 b3.1 b3.1 b3.1 b

Accounts Payable

94.8 m88.6 m96.6 m100.8 m105.9 m118.8 m121.6 m51.5 m55 m59.2 m57.7 m54.9 m55.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

49.1 m163.4 m85.6 m114.8 m

Depreciation and Amortization

103.9 m99.7 m101.1 m97.4 m

Accounts Payable

2.4 m2 m3 m(2.4 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

8.6 m4 m51.9 m43.8 m10.6 m24.8 m24.5 m16.8 m44.2 m29.9 m8.9 m4.3 m

Depreciation and Amortization

26.3 m25.1 m25.1 m25.3 m24.3 m25.6 m25.1 m25.1 m25 m23.6 m24.4 m24.9 m

Accounts Payable

96.6 m100.8 m105.9 m118.8 m121.6 m51.5 m55 m59.2 m57.7 m(5.4 m)

Cash From Operating Activities

33.6 m
USDY, 2018

EV/EBIT

237.1 x

EV/CFO

95.4 x

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

1.7 x
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