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Diamondrock ( (DRH) ) has shared an update.
On February 19, 2025, DiamondRock Hospitality Company completed the sale of the 410-room Westin Washington, D.C. City Center for $92.0 million. This transaction is a strategic move to enhance long-term earnings and cash flow per share growth by reinvesting the proceeds to create exceptional value for shareholders, marking a significant step in the company’s strategy.
More about Diamondrock
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that owns a leading portfolio of geographically diversified hotels, focusing on leisure destinations and top gateway markets. It currently owns 36 premium quality hotels and resorts encompassing approximately 9,600 rooms, strategically positioned under prominent global brand families and independent boutique hotels in the lifestyle segment.
YTD Price Performance: -2.35%
Average Trading Volume: 2,133,420
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.82B
For a thorough assessment of DRH stock, go to TipRanks’ Stock Analysis page.
