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DiamondRock raises 2026 guidance as Bellmoor acquisition boosts growth and cash flow

Nov 3, 2026, 4:19 PM EST1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The combination of higher 2026 guidance, a meaningful acquisition enhancing cash flow, and a higher dividend alongside buyback capacity typically supports multiple expansion and a positive short-term price response, barring macro headwinds or execution risks observed in prior cycles.

AI summary

What happened, with direct paths to the underlying reporting

DiamondRock delivered a solid Q3 2026 with revisions higher to 2026 guidance, driven by stronger RevPAR and operating efficiency. The Bellmoor Inn & Spa acquisition adds a 79-room asset in a supply-constrained market and is expected to contribute meaningfully to EBITDA/FFO in late 2026. With higher free cash flow and a 22% dividend raise, DRH signals a constructive 2027 trajectory and ongoing capital deployment flexibility.

Q3 2026 net income $33.3m; Adjusted EBITDA $84.8m, up 7.2%.
Comparable RevPAR $226.01, up 6.6%; Hotel Adjusted EBITDA $91.7m, up 12.5%.
Common dividend hiked 22% to $0.11 per share; Bellmoor acquisition.
Guidance raised for 2026; strong 4Q booking pace.

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