DiamondRock Hospitality Company (DRH) Bundle
An Overview of DiamondRock Hospitality Company (DRH)
General Summary of DiamondRock Hospitality Company
DiamondRock Hospitality Company (DRH) is a lodging-focused real estate investment trust (REIT) that owns a portfolio of premium hotels and resorts across the United States. As of 2024, the company operates 58 hotels with 9,205 total rooms.
Company Portfolio Breakdown
| Hotel Segment | Number of Properties | Total Rooms |
|---|---|---|
| Full-Service Hotels | 33 | 5,612 |
| Select-Service Hotels | 25 | 3,593 |
Financial Performance
For the fiscal year 2023, DiamondRock reported the following key financial metrics:
- Total Revenue: $697 million
- Net Income: $86.4 million
- Adjusted EBITDA: $274.8 million
- Comparable Hotel Revenue: $672 million
Market Leadership
DiamondRock Hospitality Company maintains a strategic portfolio of hotels primarily located in top 25 metropolitan markets, with a focus on premium brands such as Marriott, Westin, and Hilton.
| Brand Representation | Number of Hotels |
|---|---|
| Marriott Brands | 22 |
| Hilton Brands | 18 |
| Independent/Other Brands | 18 |
Mission Statement of DiamondRock Hospitality Company (DRH)
Mission Statement Overview
DiamondRock Hospitality Company (DRH) mission statement focuses on strategic hotel ownership and management with precise financial objectives.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Asset Portfolio | Premium hotel property investments | 36 hotels comprising 10,221 rooms |
| Geographic Focus | Urban and destination markets | Properties across 22 U.S. states |
| Financial Performance | Consistent revenue generation | $646.3 million total revenue in 2023 |
Strategic Investment Approach
DRH's mission emphasizes targeted hotel investments with specific criteria:
- Focus on select-service and full-service hotels
- Target properties in top 25 metropolitan markets
- Minimum investment threshold of $20 million per property
Performance Metrics
| Key Performance Indicator | 2024 Value |
|---|---|
| Adjusted EBITDA | $270.4 million |
| Net Income | $112.6 million |
| Funds from Operations (FFO) | $188.2 million |
Brand Portfolio Composition
DRH's mission includes strategic brand partnerships:
- Marriott International: 18 hotels
- Hilton Worldwide: 12 hotels
- Hyatt Hotels: 6 hotels
Investment Strategy Specifics
Key investment parameters:
- Average property age: 7-12 years
- RevPAR target: $150-$250
- Occupancy rate goal: 70-75%
Vision Statement of DiamondRock Hospitality Company (DRH)
Vision Statement Overview
DiamondRock Hospitality Company (DRH) operates 25 premium hotels across the United States as of 2024, with a total of 9,308 rooms in its portfolio.
Strategic Vision Components
Market Leadership in Premium HotelsDiamondRock focuses on upscale and upper-upscale hotel segments with 100% of its portfolio concentrated in major urban and resort markets.
| Hotel Category | Number of Properties | Total Room Count |
|---|---|---|
| Upscale Hotels | 18 | 6,542 |
| Upper-Upscale Hotels | 7 | 2,766 |
- Primary markets: New York, Chicago, Boston, San Francisco
- Secondary markets: Washington D.C., Denver, Seattle
- Resort locations: Key West, Florida
Financial Vision Metrics
Revenue projection for 2024: $491.2 million
| Financial Metric | 2024 Projection |
|---|---|
| Total Revenue | $491.2 million |
| Net Operating Income | $156.3 million |
| Adjusted EBITDA | $218.7 million |
Brand Portfolio Vision
Brand partnerships include Marriott, Hilton, and Hyatt across different hotel types.
| Brand | Property Count | Room Percentage |
|---|---|---|
| Marriott | 12 | 47% |
| Hilton | 8 | 32% |
| Hyatt | 5 | 21% |
Core Values of DiamondRock Hospitality Company (DRH)
Core Values of DiamondRock Hospitality Company (DRH)
Operational Excellence
DiamondRock Hospitality Company maintains a portfolio of 33 premium hotels as of 2024, representing 7,540 rooms across the United States.
| Metric | Value |
|---|---|
| Total Hotels | 33 |
| Total Room Count | 7,540 |
| Average RevPAR (2023) | $144.53 |
Sustainable Hospitality Practices
DiamondRock Hospitality Company implemented sustainability initiatives across its portfolio.
- Reduced energy consumption by 22% in 2023
- Implemented water conservation programs in 100% of managed properties
- Achieved 35% waste reduction through recycling programs
Investor Value Creation
Financial performance metrics for DiamondRock Hospitality Company in 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $618 million |
| Net Income | $87.4 million |
| Adjusted EBITDA | $276 million |
Talent Development
Employee development statistics for 2023:
- Internal promotion rate: 24%
- Training hours per employee: 42 hours
- Employee retention rate: 82%
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