DiamondRock Hospitality (DRH) Tops Q1 FFO by 2c

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DiamondRock Hospitality Company Reports First Quarter 2015 Results And Raises Full Year Guidance

May 8, 2015 8:30 AM EDT

BETHESDA, Md., May 8, 2015 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 28 premium hotels in the United States, today announced results of operations for the first quarter ended March 31, 2015.

First Quarter 2015 Highlights

Pro Forma RevPAR: Pro Forma RevPAR was $150.78, an increase of 7.9% from the comparable period of 2014. Pro Forma Hotel Adjusted EBITDA Margin: Pro Forma Hotel Adjusted EBITDA margin was 25.41%, an increase of 140 basis points from 2014. Pro Forma Hotel Adjusted... More