DiamondRock Hospitality Company (NYSE:DRH) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Briony Quinn - Senior Vice President & Treasurer Mark Brugger - President & Chief Executive Officer Jeff Donnelly - Executive Vice President & Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Dori Kesten - Wells Fargo Securities Chris Woronka - Deutsche Bank Floris Van Dijkum - Compas ...

DiamondRock Hospitality Company (NYSE:DRH) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Briony Quinn - SVP & Treasurer Mark Brugger - Co-Founder, President, CEO & Director Jeff Donnelly - EVP & CFO Troy Furbay - EVP & CIO Justin Leonard - EVP, Asset Management & COO Conference Call Participants Duane Pfennigwerth - Evercore ISI Anthony Powell - Barclays Bank Floris Van Dijkum - Compass Point Michael Bellisario - Robert W. Baird & Co. Chris Darling - Green Street Advisors G ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 For the transition period from _________ to _________ OR Commission File Number: 001-32514 DIAMONDROCK HOSPITALITY COMPANY (Exact Name of Registrant as Specified in Its Charter) Maryland ...

DiamondRock Hospitality Company (NYSE:DRH) Q1 2023 Earnings Conference Call May 5, 2023 9:00 AM ET Company Participants Briony Quinn - Senior Vice President and Treasurer Mark Brugger - President & Chief Executive Officer Jeff Donnelly - Executive Vice President & Chief Financial Officer Justin Leonard - Executive Vice President & Chief Operating Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Dori Kesten - Wells Fargo Duane Pfennigwerth - Evercore ISI Smedes Rose - Citi Flo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR (240) 744-1150 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Securities Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common stock, $0.01 par ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR Commission file number 001-32514 DIAMONDROCK HOSPITALITY COMPANY (Exact Name of Registrant as Specified in Its Charter) Maryland 20-1180098 (State of Incorporation) (I.R.S. Employer Ident ...

Financial Data and Key Metrics Changes - For Q4 2022, comparable hotel adjusted EBITDA was $77 million, an increase of 121.9% or $175.7 million over 2021, surpassing pre-pandemic 2019 levels by $11.2 million or 17% [125][128] - Total comparable revenues for the company were $257 million in the quarter, an increase of nearly 23% over the comparable period in 2021 [127] - Comparable RevPAR for the portfolio in Q4 was $196, which is 6.7% higher than 2019, driven by room rates over 19% above 2019 [127][128] Business Line Data and Key Metrics Changes - Leisure revenues were up 26% in Q4 compared to 2019, with a 29% increase in average daily rates [118] - Group revenues in Q4 were nearly 103% of the same period in 2019, with group room rates up nearly 13% [130] - Resort performance showed total RevPAR up nearly 29% over the same period in 2019, driven by a greater than 40% increase in room rates [108] Market Data and Key Metrics Changes - Urban hotels' RevPAR reached 97.5% of 2019 levels, outperforming expectations [108] - Demand in the Florida Keys remains strong, with rates 50% higher than in 2019, contributing to high profit margins [21][108] - The company expects robust growth in Q1 from resorts in Vail, Huntington Beach, and Sonoma, with total Q1 RevPAR anticipated to be up double digits compared to 2019 [20][37] Company Strategy and Development Direction - The company aims to capitalize on acquisition opportunities in a challenging debt market for private equity firms, focusing on high-quality, value-add opportunities [4] - A strategic focus on ROI projects has been emphasized, with completed upgrades to four hotels producing $15.5 million more profit than in 2019 [131] - The company is positioned to benefit from a balanced portfolio of leisure, group, and business demand segments, with a projected earnings mix of 60% from urban markets and over 40% from resort markets in 2023 [126] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in closing the occupancy gap to 2019 levels, particularly in urban hotels, with significant momentum expected in 2023 [120] - The company anticipates some challenges to profit growth margins due to rising property taxes, insurance costs, and staffing wages, but remains optimistic about travel demand [134] - The outlook for 2023 is constructive, with expectations for record comparable total revenues and hotel adjusted EBITDA [119][134] Other Important Information - The company repurchased 1.6 million shares at an average price of $7.81 per share during Q4 [105] - The company has nearly $600 million in liquidity, providing a balance sheet advantage for opportunistic capital allocation [126] - The company was named the hotel sector leader in the Americas by GRESB for the third consecutive year, with new environmental and social targets set for 2030 [112] Q&A Session Summary Question: What gives confidence in closing the occupancy gap to 2019? - Management indicated that the majority of gains are expected in occupancy, particularly at urban hotels, with January showing a 15.8% increase compared to last year [120] Question: How are leisure rates being underwritten for 2023? - The approach to underwriting leisure rates is market-specific, with expectations of strong performance in key markets like Vail and Sonoma [140] Question: What are the expectations for margins in 2023? - Management expects high single-digit expense increases, indicating that flat GOP margins would be considered a success [24][146]

DiamondRock Hospitality Company (NYSE:DRH) Q3 2022 Earnings Conference Call November 4, 2022 9:00 AM ET Company Participants Mark Brugger – President, Chief Executive Officer Jeff Donnelly – Executive Vice President and Chief Financial Officer Justin Leonard – Executive Vice President and Chief Operating Officer Conference Call Participants Smedes Rose – Citi Austin Wurschmidt – KeyBanc Michael Bellisario – R.W. Baird Duane Pfennigwerth – Evercore ISI Anthony Powell – Barclays Bill Crow – Raymond James Oper ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-32514 DIAMONDROCK HOSPITALITY COMPANY (Exact Name of Registrant as Specified in Its Charter) Mar ...

DiamondRock Hospitality Company (NYSE:DRH) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET Company Participants Briony Quinn - SVP & Treasurer Mark Brugger - President & CEO Jeff Donnelly - CFO Justin Leonard - COO & Head, Asset Management Conference Call Participants Dori Kesten - Wells Fargo Michael Bellisario - Baird Austin Wurschmidt - KeyBanc Anthony Powell - Barclays Chris Woronka - Deutsche Bank Bill Crow - Raymond James Chris Darling - Green Street Duane Pfennigwerth - Evercore ISI Floris ...