DiamondRock Hospitality (DRH) Tops Q4 FFO by 1c
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DiamondRock Hospitality Company Reports Fourth Quarter And Full Year 2016 Results
February 22, 2017 7:00 AM ESTBETHESDA, Md., Feb. 22, 2017 /PRNewswire/ --Â DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 26 premium hotels in the United States, today announced results of operations for the quarter and year ended December 31, 2016.
2016 Operating Highlights
Net Income: Net income was $114.8 million and earnings per diluted share was $0.57. Comparable RevPAR: RevPAR was $179.69, a 0.2% decrease from 2015. Comparable Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 31.81%, an increase of 15 basis points from 2015.... More