DRH 📈 Diamondrock Hospitality - Overview

DiamondRock Hospitality Company is a real estate investment trust that specializes in owning and operating a diverse portfolio of premium hotels and resorts, strategically located in major urban markets and destination resort locations. As of March 31, 2024, the company's portfolio comprises 36 hotels with a total of 9,757 guest rooms, offering a wide range of accommodations to suit various traveler preferences. Notably, more than 60% of the company's hotels are operated under prominent global lodging brands, including Marriott International, Inc., Hilton Worldwide, and IHG Hotels & Resorts, which helps to maintain high standards of quality and service.

As the owner of these properties, DiamondRock Hospitality Company is entitled to all operating profits or losses generated by the hotels, after deducting fees paid to hotel managers and brands, which are typically based on revenue and profitability performance. This structure allows the company to benefit directly from the financial performance of its hotels, while also providing an incentive for hotel managers and brands to optimize their operations. The company's business is conducted through a traditional umbrella partnership real estate investment trust, or UPREIT, where hotel properties are owned by its operating partnership, DiamondRock Hospitality Limited Partnership, or subsidiaries of the operating partnership.

DiamondRock Hospitality Company is listed on the New York Stock Exchange (NYSE) under the ticker symbol DRH, and its common stock is classified under the GICS Sub Industry of Hotel & Resort REITs. The company's web presence can be found at https://www.drhc.com, and its ISIN is US2527843013. By focusing on the lodging sector and maintaining a strong portfolio of premium hotels and resorts, DiamondRock Hospitality Company aims to generate attractive returns for its investors while navigating the complexities of the hospitality industry.