DiamondRock Hospitality posts strong Q3 2026 results, raises guidance and buys Bellmoor Inn & Spa
DiamondRock Hospitality Company reported third‑quarter 2026 net income of $33.3 million, or $0.16 per diluted share, and adjusted EBITDA of $84.8 million, both up year‑over‑year. The REIT acquired The Bellmoor Inn & Spa for $31.0 million on October 1, 2026, and increased its quarterly dividend to $0.11 per share. Management raised full‑year guidance, forecasting adjusted EBITDA of $322‑$327 million, adjusted FFO per share of $1.24‑$1.26 and RevPAR growth of 4.75%‑5.25% for 2026.
Why it matters
The higher guidance suggests stronger earnings and cash‑flow generation than previously expected, which could support the dividend increase and future capital‑allocation opportunities. The acquisition adds a 79‑room resort at an attractive yield, potentially boosting future revenue and EBITDA.
Key facts
- 1Net income attributable to common stockholders was $33.3 million, or $0.16 per diluted share, a 65.7% increase year‑over‑year. prnewswire.com
- 2Adjusted EBITDA for the quarter was $84.8 million, up 7.2% from the prior year. prnewswire.com
- 3The company acquired The Bellmoor Inn & Spa for total consideration of $31.0 million on October 1, 2026. prnewswire.com
- 4The quarterly common dividend was increased by 22% to $0.11 per share. prnewswire.com
- 5Full‑year 2026 adjusted EBITDA guidance was raised to a range of $322 million to $327 million. finance.yahoo.com
- 6Full‑year 2026 adjusted FFO per share guidance was raised to $1.24 to $1.26. finance.yahoo.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.