Diamondrock Hospitality Company is a company that invests in and manages hotels in the United States. They mainly focus on full-service hotels located in cities like Chicago, Boston, New York, and Denver. The hotels they own are mostly Marriott, Starwood, and Hilton brands.
The revenue is split into three categories: room, food and beverage, and other. The room category generates the largest share of the revenue. The company serves customers who fall into three categories: leisure transient, business transient, and group customers.
DiamondRock is a self-advised REIT that has invested in 35 hotels and resorts since 2010. They have acquired around $3 billion worth of properties while disposing of more than $1 billion in non-core hotels. These acquisitions allowed them to increase their exposure to unique destination markets like Sedona, Lake Tahoe, Sonoma, Key West, and Charleston. Most of their hotels are leisure-focused destination resorts or urban lifestyle hotels and 95% of them are independently managed.
The company has been recognized for its corporate responsibility program, being named the Global Listed Sector Leader by the Global Real Estate Sustainability Benchmark (GRESB) two years in a row. The main strategic principles of Diamondrock Hospitality Company are prudently allocating capital to hospitality investments, employing innovative approaches to asset management, and preserving a balance sheet that promotes strategic and financial flexibility
Their goal is to deliver above-average shareholders across the full lodging cycle through enduring capital appreciation. By executing on these principles, they strive to create significant long-term shareholder value.
Overall, DiamondRock is a successful and reliable real estate investment trust that has an impressive portfolio of properties and a strong track record of delivering above-average returns to its investors. They have developed innovative strategies to maximize asset value while adhering to their commitment to corporate responsibility. Their goal to create lasting shareholder value is a testament to their commitment to excellence.