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DiamondRock reports Q4 adjusted FFO 18c, consensus 18c
The Fly

DiamondRock reports Q4 adjusted FFO 18c, consensus 18c

Reports Q4 comparable revenue $261.3M, consensus $261.45M. “DiamondRock’s unique strategy led to record hotel revenues in 2023 with 4% revenue growth and positions the company well going forward. We enter 2024 with group revenue pace up a strong 21% as a result of a favorable geographic footprint,” stated Mark Brugger, CEO. “We are also pleased to reintroduce guidance for the first time in four years as visibility on the economy and lodging fundamentals has improved.”

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