DiamondRock Hospitality Company reported total revenues of $318.3 million and net income attributable to the company of $90.48 million for the second quarter of 2026, more than doubling the $40.8 million earned in the same period a year earlier. For the first half of 2026, the lodging-focused real estate investment trust (REIT) registered revenues of $576.4 million and net income of $104.9 million.
Operational performance improved, with six-month portfolio occupancy reaching 72.5%, average daily room rates at $297.46, and revenue per available room (RevPAR) increasing to $215.55, all surpassing 2025 levels. Adjusted hotel EBITDA for Q2 2026 rose to $113.7
million, supported by elevated room pricing, a $31.6 million gain from the sale of the Courtyard New York Manhattan/Fifth Avenue hotel, and favorable property tax settlements in Chicago that reduced expenses.
As of June 30, 2026, DiamondRock’s total assets stood at $3.07 billion, with debt totaling $1.10 billion at a weighted-average interest rate of 4.90%. The leverage ratio was maintained at 23.9%, significantly below the company’s covenant thresholds. Cash and restricted cash balances totaled $145.9 million, supplemented by $400 million of available revolver capacity. Year-to-date, DiamondRock repurchased 189,265 shares for $1.9 million and paid common dividends totaling $0.30 per share.
The company allocated $40.3 million toward capital investments in the first half of 2026. Its $200 million at-the-market (ATM) common stock issuance program remained unused through June 30, while $299.4 million remained authorized under the $300 million common-stock repurchase program as of July 30. During the six-month period, 445,120 common operating-partnership units converted into common shares, with an additional 99,855 units converted after quarter-end.
DiamondRock owns 34 hotels across the United States, comprising approximately 9,400 rooms. As of June 30, 2026, the company’s hotel portfolio was free of secured debt, underscoring its conservative balance sheet strategy. The repurchase authorization is
set to expire on May 1, 2028, unless earlier suspended or discontinued.
