DiamondRock Hospitality Co (DRH) FY2025 10-K Annual Report

Filed: Feb 27, 2026
Financials
Real Estate Investment TrustsSEC EDGAR

DiamondRock Hospitality Co (DRH) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

DiamondRock Hospitality Co FY2025 10-K Analysis

Business Overview

  • Core business model: Owner of premium hotels and resorts primarily in U.S. urban and destination resort markets, leasing to third-party managers and global brands
  • Emphasis this year on capital recycling program improving portfolio diversity and repositioning, with 97% of 2025 revenues from core urban and resort hotels
  • Strategic focus on conservative capital structure with no hotel mortgage debt, maintaining balance sheet flexibility and low leverage as of December 31, 2025
  • Notable quantitative metric: Portfolio of 35 hotels with 9,595 rooms across 26 U.S. markets, over seven hotel rebrandings completed since 2021
  • Distinctive sustainability achievement: Ranked 1st in Hotel/U.S. peer group and 3rd in Hotel/Americas for 2025 GRESB benchmark with external verification of energy and water data

Management Discussion & Analysis

  • Net income $101.9M in 2025, up from $48.3M in 2024; EBITDAre $277.7M vs $263.1M, Adjusted EBITDA $297.6M vs $297.9M
  • Hotel Adjusted EBITDA $316.8M in 2025 vs $318.6M in 2024; Corporate expenses $25.3M, interest expense $62.8M
  • Share repurchases of $37.1M for 4.8M shares; Redeemed Series A Preferred Stock for $119.0M in 2025
  • Capital expenditures $81.6M in 2025; estimated $80-90M planned for 2026 renovations at multiple hotel properties
  • Management expects 2026 cash sources from operations and dispositions; uses include debt service, acquisitions, capex, dividends, and share repurchases

Risk Factors

  • Cybersecurity risk oversight by Senior Risk Management Team plus quarterly Board briefings
  • Audit Committee receives quarterly cybersecurity incident updates, oversees risk assessment policies
  • Use of MSP and MSSP for cybersecurity risk identification, monitoring, and management
  • Mandatory cybersecurity training provided to all Board members and employees

DiamondRock Hospitality Co FY2025 Key Financial Metrics
XBRL

Revenue

$1.1B

-0.8% YoY

Net Income

$101M

+111.1% YoY

Net Margin

9.1%

+480bp YoY

ROE

7.0%

+398bp YoY

Total Assets

$3.0B

-5.3% YoY

EPS (Diluted)

$0.44

+144.4% YoY

Operating Cash Flow

$244M

+8.6% YoY

Source: XBRL data from DiamondRock Hospitality Co FY2025 10-K filing on SEC EDGAR. All figures in USD.

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