DiamondRock Hospitality Sets New Record for Full-Year 2025 Adjusted EBITDA, Outlines 2026 Guidance and Capital Structure Simplification

DiamondRock Hospitality reported a company-record full-year 2025 with Adjusted EBITDA of $297.6 million and Adjusted FFO per share of $1.08. Q4 results included $71.9 million Adjusted EBITDA and $0.27 FFO, while comparable RevPAR dipped 30 bps. Management simplified the capital structure by redeeming Series A preferreds, repurchased 4.8 million shares in 2025, and plans quarterly dividends of $0.09 in 2026. 2026 guidance calls for RevPAR growth of 1%-3%, total RevPAR ~25 bps higher, Adjusted EBITDA of $287M-$302M, and FFO of $1.09-$1.16.