DiamondRock Hospitality Company Reports Fourth Quarter and Full Year 2020 Results
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BETHESDA, Md., Feb. 24, 2021 /PRNewswire/ DiamondRock Hospitality Company (the Company ) (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, today announced results of operations for the quarter and year ended December 31, 2020.
Fourth Quarter 2020 Highlights:
Comparable Revenues: Comparable total revenues decreased 75.2% from the comparable period of 2019.
Comparable RevPAR: RevPAR decreased 77.1% from the comparable period of 2019.
Hotel Adjusted EBITDA: Hotel Adjusted EBITDA was ($7.6) million, a 56.3% improvement from the third quarter 2020.
Adjusted EBITDA: Adjusted EBITDA was ($14.9) million, a decrease of $77.6 million from 2019.