DiamondRock Hospitality Reports Strong Q3 2026 Results and Raises Full-Year Guidance
DiamondRock Hospitality Company (DRH) reported robust financial results for the third quarter of 2026, characterized by significant year-over-year growth in net income and adjusted FFO. The lodging REIT saw net income attributable to common stockholders rise 65.7% to $33.3 million, while comparable RevPAR increased by 6.6%. Driven by healthy demand across transient and group segments and improved operating efficiencies, the company has raised its full-year 2026 guidance. In addition to strong operational performance, DiamondRock announced a 22% increase in its quarterly common dividend to $0.11 per share. The company also expanded its portfolio with the $31.0 million acquisition of The Bellmoor Inn & Spa in Delaware on October 1, 2026. Management expressed optimism for 2027, citing a constructive industry backdrop and plans to reinvest growing free cash flow into high-return opportunities.
Tickers: $DRH
Topics: dividend increase earnings report guidance raise hotel acquisition