DiamondRock reported net income attributable to common stockholders of $23.8 million, or $0.12 per diluted share, up 273.7% year-over-year. Adjusted EBITDA rose 3.3% to $71.9 million, adjusted FFO per diluted share increased 12.5% to $0.27, and comparable Total RevPAR edged up 0.6% to $311.00 despite a 0.3% decline in room-only RevPAR. The company repurchased 0.2 million common shares at an average price of $7.93 for $1.6 million.

For the full year, net income climbed 139.8% to $91.6 million, while adjusted EBITDA was flat at $297.6 million and adjusted FFO per share grew 3.8% to $1.08. Comparable Total RevPAR increased 1.2% to $319.06, driven by a 2.6% rise in out-of-room revenues. DiamondRock completed a $1.5 billion refinancing of its senior unsecured credit facility to achieve a fully unencumbered portfolio, redeemed $121.5 million of preferred stock, sold the Westin Washington D.C. City Center for $92.0 million and repositioned its Sedona property with a $25 million investment.

Management highlighted stronger transient demand and disciplined cost control as drivers of outperformance and expects free cash flow per share to continue growing in 2026. The company anticipates support from an extended holiday calendar, key markets hosting FIFA World Cup matches and America 250 celebrations, while remaining cautious on broader economic and political uncertainties.