DiamondRock Hospitality
www.drhc.comDiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that owns a portfolio of 33 premium destination resorts and urban hotels in the U.S. containing nearly 10,000 rooms. Our goal is to be provide above-average, long-term total shareholder returns through a combination of dividends and capital appreciation. We strive to create significant long-term shareholder value by executing on three strategic principles: 1. Prudently allocating capital to hospitality investments with superior, risk-adjusted growth prospects. 2. Employing rigorous and innovative approaches to asset management that drive meaningful upside to underlying performance and maximize asset value. 3. Preserving a balance sheet that promotes strategic and financial flexibility, sustainable dividends and strong shareholder returns. Since 2010, we have repositioned our portfolio through the acquisition of nearly $3 billion of urban and resort hotels that align with our strategic goals while disposing of more than $1 billion in non-core hotels. These acquisitions have increase our exposure to unique destination markets such as Sedona, Lake Tahoe, Sonoma, Key West, and Charleston. Today, over 60% of our hotels are leisure-focused destination resorts and urban lifestyle hotels and nearly 95% are independently managed. DiamondRock is proud to named Global Listed Sector Leader by the Global Real Estate Sustainability Benchmark ("GRESB"), achieving the top position in the Hotel Sector for the second consecutive year, for its outstanding corporate responsibility program.
Read moreDiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that owns a portfolio of 33 premium destination resorts and urban hotels in the U.S. containing nearly 10,000 rooms. Our goal is to be provide above-average, long-term total shareholder returns through a combination of dividends and capital appreciation. We strive to create significant long-term shareholder value by executing on three strategic principles: 1. Prudently allocating capital to hospitality investments with superior, risk-adjusted growth prospects. 2. Employing rigorous and innovative approaches to asset management that drive meaningful upside to underlying performance and maximize asset value. 3. Preserving a balance sheet that promotes strategic and financial flexibility, sustainable dividends and strong shareholder returns. Since 2010, we have repositioned our portfolio through the acquisition of nearly $3 billion of urban and resort hotels that align with our strategic goals while disposing of more than $1 billion in non-core hotels. These acquisitions have increase our exposure to unique destination markets such as Sedona, Lake Tahoe, Sonoma, Key West, and Charleston. Today, over 60% of our hotels are leisure-focused destination resorts and urban lifestyle hotels and nearly 95% are independently managed. DiamondRock is proud to named Global Listed Sector Leader by the Global Real Estate Sustainability Benchmark ("GRESB"), achieving the top position in the Hotel Sector for the second consecutive year, for its outstanding corporate responsibility program.
Read moreCountry
State
Maryland
City (Headquarters)
Bethesda
Industry
Employees
11-50
Founded
2004
Estimated Revenue
$500,000,000 to $1,000,000,000
Social
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Vice President Finance and Investor Relations
Email ****** @****.comPhone (***) ****-****Senior Vice President - Investments and Corporate Responsibility
Email ****** @****.comPhone (***) ****-****Chief Investment Officer
Email ****** @****.comPhone (***) ****-****Chairman of the Board of Directors
Email ****** @****.comPhone (***) ****-****
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