DIAMONDROCK HOSPITALITY COMPANY

(DRH)
  Report
Delayed Nyse  -  05/27 04:00:02 pm EDT
10.40 USD   +3.69%
05/18Deutsche Bank Adjusts Diamondrock Hospitality's Price Target to $12 From $11, Maintains Hold Rating
MT
05/10Morgan Stanley Raises Diamondrock Hospitality Company's Price Target to $11 From $10, Maintains Equalweight Rating
MT
05/10DiamondRock Hospitality Company acquired The Kimpton Fort Lauderdale Beach Resort from Banyan Investment Group Inc. for $35.3 million.
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DiamondRock Hospitality : January 2022 Investor Presentation

01/21/2022 | 08:43am EDT

INVESTOR PRESENTATION

JANUARY 21, 2022

1

FORWARD LOOKING STATEMENTS

Certain statements made during this presentation are forward- looking statements that are subject to risks and uncertainties. Forward-looking statements generally include the words "believe," "expect," "anticipate," "plan," "estimate," "project," "will," "intend" or other similar expressions. Forward-looking statements include, without limitation, statements regarding, industry outlook, results of operations, cash flows, business strategies, growth and value opportunities, capital and other expenditures, financing plans, expense reduction initiatives and projected dispositions.

Factors that could cause actual results to materially differ from those contained in the forward-looking statements include, without limitation, national and local economic and business conditions, including the impact of COVID-19 on occupancy rates at the Company's hotels and the demand for hotel products and services, and those risks and uncertainties discussed in the most recent Annual Report on Form 10-K, which DiamondRock Hospitality Company (the "Company") has filed with the Securities and Exchange Commission, and which you should carefully review. The forward-looking statements made are based on our beliefs, assumptions and expectations of future performance, taking into account all information currently available to the Company. Actual results could differ materially from the forward-looking statements made in this presentation. The forward-looking statements made in this presentation are subject to the safe harbor of the Private Securities Litigation Reform Act of 1995.

Any forward-looking statement speaks only as of the date on which it is made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this presentation is as of the date of this presentation, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

This presentation contains statistics and other data that has been obtained or compiled from information made available by third- party service providers and believed to be reliable, but the accuracy and completeness of the information is not assured. The Company has not independently verified any such information.

2

KEY TAKEAWAYS AND RECENT EVENTS

KEY TAKEAWAYS

  1. Strong Q4 2021 Operating Performance
  2. Pipeline of ROI Projects with 40%+ IRRs
  3. Transformative Capital Recycling Transactions
  4. ESG Leader - Corporate Responsibility Report

RECENT TRANSACTIONS

HENDERSON BEACH RESORT

  • Acquired the 170-room Henderson Beach Resort in Destin, Florida
    • 6.4% capitalization rate on 2021 Hotel NOI
    • 8.0% estimated stabilized Hotel NOI yield
    • Numerous asset management and ROI opportunities to drive incremental cashflow
    • Operating synergies with Henderson Park Inn, adjacent resort acquired in July 2021

The Lodge at Sonoma

TRANQUILITY BAY BEACHFRONT RESORT

  • Acquired commercial interest in the 103-room Tranquility Bay Beachfront Resort in Marathon, Florida
    • 11.1% capitalization rate on 2021 Hotel NOI
    • Very low on-going capital expenditure obligation
    • Numerous asset management opportunities to drive incremental resort cashflow
    • Entitlements for an on-site marina

3

OPERATING UPDATE

2021 MONTHLY COMPARABLE OPERATING RESULTS(1)

Occ

ADR

RevPAR

Revenue

Revenue B/(W) 2019

Jan

21.3%

$193.61

$41.18

18,296

(67.8%)

Feb

29.2%

$217.42

$63.43

24,985

(61.1%)

Mar

36.5%

$241.35

$88.08

36,576

(54.4%)

Apr

39.4%

$236.06

$92.89

38,686

(52.2%)

May

47.8%

$232.30

$111.00

47,637

(45.7%)

Jun

59.5%

$233.32

$138.76

54,804

(37.1%)

Jul

70.0%

$253.06

$177.06

70,943

(9.3%)

Aug

63.5%

$234.00

$148.52

60,658

(19.3%)

Sep

62.5%

$249.61

$155.90

62,351

(24.3%)

Oct

66.7%

$267.90

$178.63

73,681

(18.8%)

Nov

60.2%

$238.98

$143.93

59,058

(17.1%)

Dec(2)

56.1%

$270.77

$151.81

63,491

(2.4%)

(1)

The comparable operating information includes operating results for our 32-hotel portfolio owned as of December 31, 2021, which includes our 2021 acquisitions (Bourbon Orleans, Henderson Park

4

Inn and Henderson Beach Resorts) and excludes our 2021 dispositions.

(2)

Preliminary results as of January 20, 2022

WHY DIAMONDROCK

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

DiamondRock Hospitality Company published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 13:42:06 UTC.


© Publicnow 2022
All news about DIAMONDROCK HOSPITALITY COMPANY
05/18Deutsche Bank Adjusts Diamondrock Hospitality's Price Target to $12 From $11, Maintains..
MT
05/10Morgan Stanley Raises Diamondrock Hospitality Company's Price Target to $11 From $10, M..
MT
05/10DiamondRock Hospitality Company acquired The Kimpton Fort Lauderdale Beach Resort from ..
CI
05/06DIAMONDROCK HOSPITALITY CO Management's Discussion and Analysis of Financial Condition..
AQ
05/06Diamondrock acquires kimpton fort lauderdale beach resort; significant value creation o..
AQ
05/06TRANSCRIPT : DiamondRock Hospitality Company, Q1 2022 Earnings Call, May 06, 2022
CI
05/05DIAMONDROCK HOSPITALITY : Q1 Earnings Snapshot
AQ
05/05DIAMONDROCK HOSPITALITY CO : Results of Operations and Financial Condition, Submission of ..
AQ
05/05DiamondRock Hospitality Company Reports Earnings Results for the First Quarter Ended Ma..
CI
05/05DiamondRock Hospitality Company Expects to Recommence the Quarterly Dividend on Common ..
CI
More news
Analyst Recommendations on DIAMONDROCK HOSPITALITY COMPANY
More recommendations
Financials (USD)
Sales 2022 921 M - -
Net income 2022 69,1 M - -
Net Debt 2022 1 057 M - -
P/E ratio 2022 25,1x
Yield 2022 0,50%
Capitalization 2 193 M 2 193 M -
EV / Sales 2022 3,53x
EV / Sales 2023 3,13x
Nbr of Employees 28
Free-Float 98,6%
Chart DIAMONDROCK HOSPITALITY COMPANY
Duration : Period :
DiamondRock Hospitality Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DIAMONDROCK HOSPITALITY COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Last Close Price 10,40 $
Average target price 11,00 $
Spread / Average Target 5,77%
EPS Revisions
Managers and Directors
Mark W. Brugger Chief Financial Officer, Treasurer & Executive VP
Jeffrey John Donnelly Chief Financial Officer & Executive Vice President
William W. McCarten Executive Chairman
Troy G. Furbay Chief Investment Officer & Executive VP
Bruce D. Wardinski Lead Independent Director