Courtesy of Benzinga. DiamondRock Hospitality Company (NYSE: DRH) today announced that it has completed the previously disclosed sale of a 3-hotel portfolio consisting of the 409-room Griffin Gate Marriott Resort & Spa in Lexington, Kentucky; the 521-room Renaissance Waverly in Atlanta, Georgia; and [...]
DiamondRock Hospitality Company's (NYSE: DRH) F3Q report and F4Q outlook were in-line with Street expectations, as well as its own, Citigroup reports.
“Two company-specific issues were a drag on F3Q growth and should not persist – difficult group comparison at Westin Boston (~15-20% EBITDA) and a shift in timing of Rosh Hashanah to F3Q from F4Q last year,” Citigroup writes. “Performance at recently acquired hotels has been strong (Minneapolis, Charleston).”