Diamondrock Hospitality Company · NASDAQ:DRH
Diamondrock Hospitality — Corporate Update (October 2022)
5 slides from Diamondrock Hospitality's corporate update, Oct 21, 2022
Slide 1: Company Update on Operations October 2022
COMPANY UPDATE ON OPERATIONS OCTOBER 2022
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements made during this presentation are forward- looking statements that are subject to risks and uncertainties. Forward-looking statements generally include the words “believe,” “expect,” “anticipate,” “plan,” “estimate,” “project,” “will,” “intend” or other
Slide 3: 2022 YTD Operating Results: Continued Record RevPAR in September 2022
2022 YTD OPERATING RESULTS (1) Comparable operating information excludes the Kimpton Fort Lauderdale Beach Resort as it was not operating in 2019 (2) Preliminary results (3) “Resort/Lifestyle” refers to Luxury Resort, Lifestyle Resort, and Urban Lifestyle hotels (4) “Urban” refers to Urban Gateway h
Slide 4: Operating Trends Across the Portfolio
OPERATING TRENDS ACROSS THE PORTFOLIO 4 RESORT • Durable Resort Rates: ADR 40% above September 2019 with strong pricing power • Robust Outside the Room Spend: September outside the room revenues increased 31% over the same period in 2019, demonstrating strong consumer spending on experiences URBAN G
Slide 5: Completed $1.2B Refinancing in September 2022
(1) Reflects exercise of one-year extension of $300MM term loan COMPLETED $1.2B REFINANCING IN SEPTEMBER 2022 PROFORMA BALANCE SHEET BALANCE SHEET ENHANCED WITH SEPTEMBER REFINANCING 5 $77 $314 $300 $500 0 100 200 300 400 500 600 2022 2023 2024 2025 2026 2027 2028 Mortgages Term Loans and Revolver U
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