Diamondrock Hospitality Company · NASDAQ:DRH
Diamondrock Hospitality — Corporate Update (December 2014)
6 slides from Diamondrock Hospitality's corporate update, Dec 18, 2014
Slide 1: Westin Beach Resort & Spa, Fort Lauderdale Overview
Westin Beach Resort & Spa, Fort Lauderdale Overview December 2014
Slide 2: Westin Beach Resort & Spa, Fort Lauderdale
Westin Beach Resort & Spa, Fort Lauderdale Beachfront location containing 432 guest rooms, 32,000 square feet of meeting space, and a modern spa • Over 500 feet of beachfront across two city blocks, the hotel offers the second largest meeting facility of any beachfront hotel in Fort Lauderdale • Pur
Slide 3: Improved Portfolio Through Capital Recycling
Improved Portfolio Through Capital Recycling Sale of Los Angeles Airport Marriott and acquisition of Westin Fort Lauderdale Beach Resort & Spa supports Company’s goal of recycling capital from slower growth, non-core assets into higher growth assets in target markets - Los Angeles Airport Marriott s
Slide 4: Fort Lauderdale Market Overview
Fort Lauderdale Market Overview Fort Lauderdale is one of the fastest growing markets in the country, with numerous growth drivers including: • Growing international travel (October 2014 marked the 11th consecutive month of double digit international travel growth up 38% YoY) Fort Lauderdale Airport
Slide 5: Significant Operational Upside
Significant Operational Upside Several million of cost-savings across multiple departments expected as HEI Hotels & Resorts takes over hotel operations. Key cost savings identified include: • Immediate reduction of 34 positions including manager positions in rooms department, F&B department, Admin (
Slide 6: 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 s
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