$DRH (Diamondrock Hospitality Co.)

$DRH {{ '2015-12-07T23:10:32+0000' | timeago}} • Announcement

Real estate investment trust $DRH said that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend will be paid on Jan. 12, 2016, to stockholders of record as of Dec. 31, 2015.

$DRH {{ '2018-01-08T14:42:50+0000' | timeago}} • Announcement

$DRH expects 4Q17 RevPAR growth to come in just under the high end of its implied guidance of 4%. The company also expects to recognize between $4-5MM of business interruption insurance income related to natural disasters in 4Q17. This income was not included in the company's guidance provided on its 3Q17 earnings call.

$DRH {{ '2018-01-08T14:42:36+0000' | timeago}} • Announcement

$DRH announced that Sean M. Mahoney, EVP and CFO, will leave the company on March 31, 2018 to pursue other opportunities. $DRH has engaged Spencer Stuart to conduct a search for a successor.

$DRH {{ '2017-12-13T22:26:56+0000' | timeago}} • Announcement

$DRH declared a quarterly dividend of $0.125 per share to stockholders of record as of December 29, 2017. The dividend will be paid on January 12, 2018.

$DRH {{ '2017-09-19T20:21:51+0000' | timeago}} • Announcement

$DRH said the Westin Fort Lauderdale Beach Resort closed on September 7th and reopened on September 12th. This hotel sustained very little damage from Hurricane Irma and the company does not expect a material impact on its operations. The Sheraton Suites Key West re-opened with limited operations while the Inn at Key West remains closed.

$DRH {{ '2017-09-19T20:21:34+0000' | timeago}} • Announcement

$DRH said its Frenchman's Reef & Morning Star Marriott Beach Resort located in St. Thomas, sustained significant wind and water-related damage from Hurricane Irma. The company expects that Frenchman's Reef will remain closed for an extended period of time, and in all events through the end of 2017.

$DRH {{ '2017-09-18T13:00:34+0000' | timeago}} • Announcement

$DRH said its BoD declared a quarterly dividend of $0.125 per share to stockholders. The dividend will be paid on October 12, 2017 of record as of September 29, 2017.

$DRH {{ '2017-06-02T12:47:15+0000' | timeago}} • Webcast

$DRH declared a quarterly dividend of $0.125 per share to stockholders as of June 30, 2017. The dividend will be paid on July 12, 2017.

$DRH {{ '2017-03-16T12:32:20+0000' | timeago}} • Announcement

$DRH's BoD declared a quarterly dividend of $0.125 per share. The dividend will be paid on April 12, 2017 to stockholders of record as of March 31, 2017.

$DRH {{ '2017-01-05T20:08:54+0000' | timeago}} • Announcement

$DRH appointed Thomas Healy as COO and EVP of Asset Management, effective Jan. 16, 2017. In this role, Healy will report directly to CEO Mark Brugger, and will lead the company's asset management efforts.

$DRH {{ '2016-12-15T23:49:22+0000' | timeago}} • Announcement

$DRH said its BoD declared a quarterly dividend of $0.125 per share to stockholders of record as of Dec. 30, 2016, payable on on Jan. 12, 2017.

$DRH {{ '2016-09-14T15:05:33+0000' | timeago}} • Announcement

$DRH's BoD declared a quarterly dividend of $0.125 per share. The dividend will be paid on Oct. 12, 2016 to stockholders of record as of Sept. 30, 2016.

$DRH {{ '2016-07-15T18:33:17+0000' | timeago}} • Announcement

$DRH said the sales of the Hilton Garden Inn Chelsea / New York City and the Hilton Minneapolis will collectively reduce the company's full year 2016 adjusted EBITDA by about $12.2MM and adjusted FFO by $9.6MM.

$DRH {{ '2016-07-15T18:32:58+0000' | timeago}} • Announcement

$DRH said it completed the sale of the Hilton Minneapolis for approx. $143MM. The total consideration represents a 7.6% capitalization rate on the hotel's net operating income and an 11 times multiple on adjusted EBITDA for the trailing 12-month period ending March 31, 2016.

$DRH {{ '2016-07-15T18:32:35+0000' | timeago}} • Announcement

Maryland-based REIT $DRH said it completed the sale of the Hilton Garden Inn Chelsea / New York City for $65MM to an affiliate of a China-based entity. The sale price represents a 13.5 times multiple on the hotel's adjusted EBITDA and a 6.6% capitalization rate on net operating income for the trailing 12-month period ended March 31, 2016.

$DRH {{ '2016-06-27T15:04:37+0000' | timeago}} • Announcement

$DRH said it expects to record a gain on the sale, which will be excluded from its reported adjusted EBITDA and adjusted FFO. The company's 2016 guidance assumed the Hotel generated adjusted EBITDA and adjusted FFO of about $3.1MM and $2.7MM, respectively, following the sale, which closed on June 8, 2016.

$DRH {{ '2016-06-27T15:02:02+0000' | timeago}} • Announcement

$DRH said that the total consideration, adjusted to include the cost of projected near-term CapEx, represents a 7.2% capitalization rate on Orlando Airport Marriott Lakeside's net operating income for the year ended Dec. 31, 2015. The consideration also represents an 11.5x multiple on the Hotel's adjusted EBITDA for the year ending Dec. 31, 2015.

$DRH {{ '2016-06-27T15:00:22+0000' | timeago}} • Announcement

$DRH said it recently completed the sale of the 485-room Orlando Airport Marriott Lakeside for a total consideration of approx. $67MM, inclusive of its CapEx reserve account. The cash proceeds were used to repay the $20MM outstanding on its senior unsecured credit facility and to build unrestricted cash, further enhancing the company's liquidity.

$DRH {{ '2016-05-16T20:39:40+0000' | timeago}} • Announcement

$DRH said that it paid off the mortgage loan secured by the Courtyard Manhattan Fifth Avenue with proceeds from its previously announced $100MM senior unsecured term loan. The Loan payoff is expected to save the company approx. $2MM in annual interest expense and lower the company's weighted average interest rate to 3.8%.

$DRH {{ '2016-03-14T20:52:34+0000' | timeago}} • Announcement

Bethesda, Maryland-based REIT $DRH said that its BoD has declared a quarterly dividend of $0.125 per share to stockholders of record as of March 31, 2016. The dividend will be paid on April 12, 2016.

$DRH {{ '2016-01-12T16:04:46+0000' | timeago}} • Announcement

$DRH said it funded the loan prepayment with proceeds from the 4.36% fixed interest rate, 10-year loan placed on the Boston Westin Waterfront Hotel in Oct. 2015, and from $60MM draw on its senior unsecured credit facility. The transaction lowers the average interest rate by 32 bps to 4.08%, the company said.

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