Hotel News Resource - DiamondRock Hotel Industry News

The Company's Pro Forma RevPAR was $104.50, an increase of 8.8% from the comparable period in 2011.

All of the hotels are subject to long-term management agreements with Marriott International, Inc.

The Company's Pro Forma Hotel Adjusted EBITDA margin was 27.87%, an increase of 104 basis points from the comparable period in 2010.

The Company's Pro Forma RevPAR was $92.71, an increase of 4.7 percent from the comparable period in 2010.

The Company's Pro Forma RevPAR was $111.61, an increase of 8.3 percent from the comparable period in 2009. Pro Forma RevPAR is calculated assuming the Company owned all of its 23 hotels for all of 2010 and 2009.

DiamondRock Hospitality Company announced that it has entered into a purchase and sale agreement to acquire, upon completion (expected in 2013), a hotel property under development on West 42nd Street in Times Square, New York City.

DiamondRock Hospitality Company (NYSE: DRH) announced preliminary results of operations for its second fiscal quarter ended June 18, 2010, which exceeded the Company's previous guidance. Concurrently, the Company updated full year guidance for 2010 to incorporate operating performance and recent acquisition activity.

DiamondRock Hospitality Company (NYSE: DRH) today announced that it completed the acquisition of the 821-room Hilton Minneapolis for approximately $155.5 million.

The Company's RevPAR was $95.15, a decrease of 3.7 percent compared to the same period in 2009.

RevPAR: The Company's same-store RevPAR decreased 16.5 percent compared to the same period in 2008.