DiamondRock Hospitality Co

DiamondRock Hospitality Company is a self-managed and self-administered real estate investment trust (REIT) focused on lodging. As of December 31, 2025, the company owned 35 hotels with 9,595 rooms across 26 markets in the United States. DiamondRock targets ownership in destination markets with limited new supply, markets that offer geographic diversity to its existing portfolio, and markets with high demand growth potential. The company's primary business involves acquiring, owning, renovating, and managing the assets of premium hotel properties in the United States. DiamondRock operates nearly 40% of its portfolio as independent hotels, while the remaining hotels operate under brands owned by leading global lodging companies such as Marriott International, Hilton Worldwide, or IHG Hotels & Resorts. The company is an owner, not an operator, of these hotels. All hotels are managed by a third party, which can be an independent operator or a brand operator like Marriott. DiamondRock receives all operating profits or losses from its hotels after paying fees to hotel managers, based on revenues and profitability, and in some cases, to hotel brands, based on revenues. The company commenced operations in July 2004 and became a public reporting company in May 2005. Its common stock is traded on The Nasdaq Stock Market LLC under the symbol "DRH".