DiamondRock Hospitality (DRH) Misses Q2 EPS by 4c

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Go back to DiamondRock Hospitality (DRH) Misses Q2 EPS by 4c

DiamondRock Hospitality Company Reports Second Quarter 2018 Results

August 2, 2018 4:17 PM EDT

BETHESDA, Md., Aug. 2, 2018 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 30 premium hotels in the United States, today announced results of operations for the quarter ended June 30, 2018.

Second Quarter 2018 Highlights

Net Income: Net income was $28.0 million and earnings per diluted share was $0.14. Comparable RevPAR: RevPAR was $204.79, a 2.0% increase from the comparable period of 2017. Comparable Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 34.24%, a 79 basis point contraction from the... More