Diamondrock Hospitality

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.

Type
Public
HQ
Bethesda, US
Founded
2004
Size (employees)
26 (est)
Diamondrock Hospitality was founded in 2004 and is headquartered in Bethesda, US

Diamondrock Hospitality Office Locations

Diamondrock Hospitality has office in Bethesda
Bethesda, US

Diamondrock Hospitality Metrics

Diamondrock Hospitality Summary

Market capitalization

$2.2 b

Closing share price

$11
Diamondrock Hospitality's current market capitalization is $2.2 b.

Diamondrock Hospitality Financials

We estimate that Diamondrock Hospitality's revenue is $896.6 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

$799.7 m$872.9 m$931 m$896.6 m

Revenue growth, %

9.2%6.7%(3.7%)

Operating expense total

$724.5 m$735.4 m

EBIT

$75.2 m$137.5 m$145.3 m$157.5 m

Interest expense

$57.3 m$58.3 m

Interest income

($6.3 m)($3 m)($359 k)($762 k)

Income tax expense

$1.1 m($5.6 m)($11.6 m)($12.4 m)

Pre tax profit

$22.7 m$169 m$97.2 m$127.2 m

Net Income

$49.1 m$163.4 m$85.6 m$114.8 m

Operating cash flow

$135 m($219 k)$69.2 m

Diamondrock Hospitality Market Value History

We estimate that Diamondrock Hospitality's current employees are approximately 36% female and 64% male.

Diamondrock Hospitality News

Diamondrock Hospitality Company Life

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