DiamondRock Hospitality Company Provides Update And Announces Steps To Mitigate COVID-19 Impact
Diamondrock Hospitality Company (DRH)
Last diamondrock hospitality company earnings: 2/20 04:05 pm
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US:NYSE Investor Relations:
investor.drhc.com
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Source: PR Newswire
BETHESDA, Md., March 18, 2020 /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, provided an update today on the impact of COVID-19 on its operations and announced the proactive steps management is taking to mitigate the financial impact.The Company is withdrawing the guidance it issued on February 20, 2020, due to the uncertainty surrounding the impact of the COVID-19 pandemic. As of March 14, 2020, the Company's total revenues have been negatively impacted by approximately $23 million of cancelled group business, excluding potential cancellation fees. Other highlights:Nearly 85% of the group cancellations are concentrated in March (55%) and April (30%). At this time, less than 3% of group business cancellations extend beyond June 2020. Cancellation fees are expected to mitigate a portion of the expected losses. Geographically, nearly 41% of the g
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DRH
News
- DiamondRock Hospitality (NYSE: DRH) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $10.25 price target on the stock, down previously from $10.75.MarketBeat
- DiamondRock Hospitality (NYSE: DRH) was downgraded by analysts at Evercore ISI from an "outperform" rating to an "inline" rating. They now have a $10.50 price target on the stock.MarketBeat
- DIAMONDROCK HOSPITALITY ACQUIRES THE AC HOTEL MINNEAPOLIS DOWNTOWN [Yahoo! Finance]Yahoo! Finance
- DIAMONDROCK HOSPITALITY ACQUIRES THE AC HOTEL MINNEAPOLIS DOWNTOWNPR Newswire
- DiamondRock Hospitality (NYSE: DRH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
DRH
Earnings
- 11/7/24 - In-Line
DRH
Sec Filings
- 11/15/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- DRH's page on the SEC website