DiamondRock Hospitality Company reported fourth-quarter 2024 operating results that exceeded expectations, with comparable revenues increasing 5.7% to $280.5 million and comparable RevPAR rising 5.4% to $200.46. Comparable Hotel Adjusted EBITDA grew 16.4% to $75.9 million, and Adjusted FFO per diluted share increased 33.3% to $0.24.
For the full year 2024, the company achieved comparable revenues of $1.1 billion, up 4.3%, and comparable RevPAR of $205.15, up 2.6%. Full-year Adjusted FFO per diluted share was $1.01, an 8.6% increase from 2023, exceeding previous guidance. Net income attributable to common stockholders was $38.2 million, or $0.18 per diluted share, which included a $32.6 million impairment loss on the Westin Washington D.C. City Center.
DiamondRock provided its full-year 2025 guidance, projecting comparable RevPAR growth between 1.0% and 3.0%, Adjusted EBITDA between $275 million and $300 million, and Adjusted FFO per share between $0.94 and $1.06. The company also declared a regular quarterly cash dividend of $0.08 per share for the first quarter of 2025, a significant increase from the previous regular quarterly dividend.
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