DiamondRock Hospitality Co 8K

DiamondRock Hospitality Company reported strong Q2 2026 results, raised full-year 2026 guidance, completed a $33 million hotel sale, authorized a new $300 million share repurchase program, and increased its regular quarterly common dividend by 22% to $0.11 per share.

DiamondRock Hospitality Company reported strong second quarter 2026 results, highlighted by a 135.7% year-over-year increase in net income attributable to common stockholders to $90.5 million ($0.44 per diluted share), 19.2% growth in Adjusted EBITDA to $107.9 million, and 25.7% growth in Adjusted FFO per diluted share to $0.44, driven in part by a favorable multi-year Chicago property tax appeal settlement. The company completed the $33.0 million sale of its leasehold interest in the Courtyard New York Manhattan/Fifth Avenue on May 1, 2026, invested $40.3 million in capital improvements year-to-date, and had $1.1 billion of debt and $106 million of cash as of June 30, 2026. Reflecting better-than-expected performance and improved booking trends, DiamondRock raised its full-year 2026 guidance for comparable RevPAR and Total RevPAR growth, Adjusted EBITDA to a range of $310–$320 million, and Adjusted FFO to $245.5–$255.5 million ($1.18–$1.23 per share). In addition, the Board authorized a new $300 million share repurchase program effective May 1, 2026, repurchased $1.9 million of stock in the quarter, and increased the regular quarterly common dividend by 22% to $0.11 per share for the third quarter of 2026, with expectations of maintaining that level for the remainder of the year, potentially supplemented by a stub dividend depending on full-year income.

Filing Facts

CIK

1298946

Ticker

-

Form

8K

Source Type

sec

Accession

0001298946-26-000035

Alert Tier

6