DiamondRock Hospitality Company Q1 2026 Results and Guidance Update

DiamondRock Hospitality Company announced its first quarter 2026 financial results, reporting a net income of $14.5 million, or $0.07 per diluted share, a significant increase from the previous year. Adjusted EBITDA was $60.6 million, and Adjusted FFO per diluted share was $0.22. The company saw a 2.0% increase in comparable RevPAR to $190.01 and a 2.5% increase in comparable Total RevPAR to $298.95. They also executed a new franchise agreement for the Westin Boston Seaport District and have a hotel under contract for disposition, with closing expected in the second quarter of 2026. DiamondRock raised its full-year 2026 guidance for Adjusted EBITDA and Adjusted FFO, reflecting stronger-than-expected first quarter results and a more favorable insurance renewal. The company also announced a new $300 million share repurchase program. The company held its annual meeting of stockholders where directors were elected, executive compensation was approved on an advisory basis, and KPMG LLP was ratified as the independent auditor.