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AI brief of an SEC Form 8-K · DiamondRock Hospitality (DRH)

DiamondRock cuts 2024 RevPAR outlook as Q3 revenue rises 3.1% and profit dips

Mixed Impact 4 of 5 guidance Written later

DiamondRock reported third-quarter 2024 results, with total revenues up 3.1% to $285.1 million but net income down 2.6% to $26.6 million. The company lowered its full-year 2024 comparable RevPAR growth guidance to 1.5% to 2.0%, from 1.5% to 3.0%, citing current transient trends and Hurricanes Helene and Milton, while keeping the Adjusted EBITDA midpoint and raising the Adjusted FFO per share midpoint.

Key points

  • Q3 2024 net income was $26.6 million, or $0.11 per diluted share, versus $27.3 million, or $0.12, a year earlier.
  • Q3 2024 Adjusted EBITDA rose 3.3% to $75.6 million, and Adjusted FFO per share was $0.26, flat year over year.
  • Full-year 2024 comparable RevPAR growth guidance was cut to 1.5% to 2.0% from 1.5% to 3.0%.

The filing

CompanyDiamondRock Hospitality (DRH)
Form8-K, current report
Filed with the SECNov 7, 2024, 4:08 PM ET
Accession number0001298946-24-000104

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.