DiamondRock Hospitality (DRH) Tops Q1 FFO by 2c
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DiamondRock Hospitality Company Reports First Quarter 2016 Results
May 6, 2016 8:00 AM EDTBETHESDA, Md., May 6, 2016 /PRNewswire/ --Â 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 March 31, 2016.
First Quarter 2016 Highlights
RevPAR: RevPAR was $150.61, a 2.1% decline from the comparable period of 2015. Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 26.42%, an increase of 14 basis points from the comparable period of 2015. Adjusted EBITDA: Adjusted EBITDA was $50.3 million, an increase of 3.7% from... More