DiamondRock Hospitality (DRH) Reports In-Line Q2 FFO
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DiamondRock Hospitality Company Reports Second Quarter 2015 Results And Increases Full Year Guidance To Reflect Key West Acquisition
August 7, 2015 8:30 AM EDTBETHESDA, Md., Aug. 7, 2015 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 29 premium hotels in the United States, today announced results of operations for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights
Pro Forma RevPAR: Pro Forma RevPAR was $184.50, an increase of 6.0% from the comparable period of 2014 and a new record for the Company. Pro Forma Hotel Adjusted EBITDA Margin: Pro Forma Hotel Adjusted EBITDA margin was 34.56%, an increase of 166 basis points from 2014.... More