DIAMONDROCK HOSPITALITY COMPANY REPORTS FIRST QUARTER 2026 RESULTS; Raises 2026 Guidance

About this update from Diamondrock Hospitality Company

BETHESDA, Maryland- DiamondRock Hospitality Company (Nasdaq: DRH, the 'Company'), a lodging real estate investment trust that owns a portfolio of 35 premium hotels and resorts in the United States , today announced results of operations for the quarter ended March 31, 2026 . FIRST QUARTER 2026 HIGHLIGHTS Net Income: Net income attributable to common stockholders was $14.5 million , or $0.07 per diluted share, an increase of 54.3% and 75.0%, respectively, compared to the first quarter of 2025. Adjusted EBITDA: $60.6 million , an increase of 8.0% compared to the first quarter of 2025. Adjusted FFO per Diluted Share: $0.22 , an increase of 15.8% compared to the first quarter of 2025. Comparable RevPAR: $190.01 , an increase of 2.0% compared to the first quarter of 2025. Comparable Total RevPAR: $298.95 , an increase of 2.5% compared to the first quarter of 2025, driven by a 3.4% increase in out-of-room revenues. Comparable Hotel Adjusted EBITDA : $66.2 million , an increase of 8.0% compared to the first quarter of 2025. Comparable Hotel Adjusted EBITDA Margin : 25.63%, an increase of 127 basis points compared to the first quarter of 2025. Westin Boston Seaport District Franchise Agreement : The Company executed a new franchise agreement for the Westin Boston Seaport District that will retain the Westin flag. The current franchise agreement expires on December 31, 2026 , and the new agreement is effective as of January 1, 2027 . Hotel Under Contract for Disposition: As of March 31, 2026 , the Company was under contract to sell one hotel with its closing expected in the second quarter of 2026. RECENT DEVELOPMENT Share Repurchases: Subsequent to the quarter ended March 31, 2026 , the Company repurchased 0.1 million shares of its common stock at an average price of $9.38 per share for a total consideration of approximately $1.3 million . On April 28, 2026 , the Company's Board of Directors approved a new $300 million share repurchase program, which replaces the Company's existing share repurchase program. See more at: https://investor.drhc.com/static-files/c05be42a-bf02-48a2-b168-f0ff512e3a0f (C) 2026 Electronic News Publishing, source ENP Newswire

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