COMPANY

Overview

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that owns a leading portfolio of geographically-diversified hotels and resorts concentrated in top gateway markets and destination resort locations. We currently own 36 premium hotels and resorts with over 9,700 rooms and have strategically curated our portfolio to be comprised of unique lifestyle properties, as well as those enhanced by leading global brands. 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 through a combination of dividends and enduring capital appreciation.

We strive to create significant long-term shareholder value by executing on three strategic principles:

  • Prudently allocating capital to hospitality investments with superior, risk-adjusted growth prospects.
  • Employing rigorous and innovative approaches to asset management that drive meaningful upside to underlying performance and maximize asset value.
  • Preserving a balance sheet that promotes strategic and financial flexibility, sustainable dividends and strong shareholder returns.

Since 2010, we have repositioned our portfolio through the acquisition of nearly $3 billion of urban and resort hotels that align with our strategic goals while disposing of more than $1 billion in non-core hotels. These acquisitions have increase our exposure to unique destination markets such as Sedona, Lake Tahoe, Sonoma, Key West, and Charleston. Today, over 60% of our hotels are leisure-focused destination resorts and urban lifestyle hotels and nearly 95% are independently managed.

DiamondRock is proud to be named Global Listed Sector Leader by the Global Real Estate Sustainability Benchmark (“GRESB”), achieving the top position in the Hotel Sector for the fourth consecutive year, for its outstanding corporate responsibility program.