DiamondRock Hospitality Q3 net income, adjusted FFO rise
DRH•DiamondRock Hospitality said Q3 net income rose and adjusted FFO per share increased 10% to $0.32. It raised its 2026 adjusted EBITDA and adjusted FFO guidance, lifted its comparable RevPAR growth outlook and increased its quarterly dividend 22% to $0.11 per share.
1. Q3 results
DiamondRock Hospitality reported higher Q3 net income and adjusted FFO per share of $0.32, up 10%. Comparable RevPAR increased 6.6% year over year to $226.01, and the company raised its quarterly dividend 22% to $0.11 per share.
2. 2026 outlook
The company raised its 2026 adjusted EBITDA guidance to $322 million-$327 million from $310 million-$320 million, and its adjusted FFO guidance to $256.5 million-$261.5 million from $245.5 million-$255.5 million. It expects comparable RevPAR growth of 4.75%-5.25%, up from its prior outlook of 2.5%-4.0%.
3. Growth drivers
DiamondRock said strong demand and higher average daily rates in both transient and group segments drove revenue growth. It attributed outsized Hotel Adjusted EBITDA growth to operating efficiencies and said recently renovated hotels are expected to support continued earnings growth.
