Short answer
DiamondRock Hospitality Co (DRH) filed an 8-K current report with the SEC on May 4, 2026 reporting Item 7.01 (Regulation FD Disclosure), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). DRH announced sale of the Courtyard by Marriott New York Manhattan/Fifth Avenue leasehold interest.
DiamondRock Hospitality Co 8-K event analysis
AI summary of each reported item and its exhibits
Item 7.01 · Regulation FD Disclosure
- DRH announced sale of the Courtyard by Marriott New York Manhattan/Fifth Avenue leasehold interest
- Transaction signals portfolio monetization and potential capital recycling into higher-return opportunities
- Investor presentation accompanies disclosure, indicating management is actively communicating the transaction’s strategic rationale
Item 8.01 · Other Events
- Completed sale of 189-room Courtyard by Marriott New York Manhattan/Fifth Avenue leasehold interest
- $33.0 million sale proceeds strengthening liquidity and capital allocation flexibility
- Disposition reduces DiamondRock’s exposure to this New York hotel asset and related operating cash flows
Item EX-99.1 · Exhibit EX-99.1
- Sale of 189-room Courtyard New York Manhattan/Fifth Avenue for $33.0M, monetizing a leasehold asset
- Transaction priced at 6.3x 2025 Hotel Adjusted EBITDA and 13.3% capitalization rate on 2025 Hotel NOI
- Expected stabilized capitalization rate approximately 7.8%, or 6.5% on a fee-simple basis, after $12M required capital expenditures
- 2026 guidance reduced: Adjusted EBITDA by $5.9M, Adjusted FFO by $5.1M, and Adjusted FFO per share by $0.025
- Revised 2026 Adjusted FFO guidance of $1.10–$1.16 per share, signaling near-term earnings dilution but capital recycling potential
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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