DiamondRock Hospitality CoDRH
What DiamondRock Hospitality Co does.
DiamondRock Hospitality Company is a self-managed and self-administered lodging-focused real estate investment trust ("REIT") that owns a portfolio of premium hotels and resorts. As of December 31, 2025, we owned 35 hotels with 9,595 rooms located in 26 markets in the United States. The markets that we target for ownership are those that we believe align with our strategic objectives, which include those in destination markets with constrained supply trends, those that provide geographic diversity relative to our existing portfolio, and those we consider to have high demand growth potential. Each hotel is positioned to maximize its cash flow and value; accordingly, we choose to operate nearly 40% of our portfolio as an independent hotel and the remainder are operated under a brand owned by one of the leading global lodging brand companies (Marriott International, Hilton Worldwide, or IHG Hotels & Resorts).
We are an owner, as opposed to an operator, of the hotels in our portfolio. As an owner, 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 and profitability of the hotels, and the hotel brands, in certain cases, which are based on the revenues of the hotels.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $299.5M | $567.1M | $1.0B | $1.1B | $1.1B | $1.1B |
| Net income | -$394.4M | -$194.6M | $109.3M | $86.3M | $48.0M | $101.4M |
| Free cash flow | — | — | $138.6M | $151.3M | $142.8M | $162.1M |
More on DRH.
- DiamondRock Hospitality Co summary
- DiamondRock Hospitality Co financial statements
- DiamondRock Hospitality Co key metrics
- DiamondRock Hospitality Co health scores and style box
- DiamondRock Hospitality Co earnings
- DiamondRock Hospitality Co dividends
- DiamondRock Hospitality Co valuation
- DiamondRock Hospitality Co ownership and insiders
- DiamondRock Hospitality Co peers
Figures from DiamondRock Hospitality Co's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.