DiamondRock Hospitality Q4 Earnings Call Highlights

By demand segment during the quarter, management said business transient revenue grew 2.5%, while group revenue declined 1% and leisure transient revenue fell 2.5%. The company highlighted strong results in several markets, including Destin, the Greater San Francisco area, New York, and Denver, and pointed to performance at recently renovated assets such as The Cliffs at L’Auberge (integrated into L’Auberge de Sedona) and the Kimpton Hotel Palomar Phoenix.In the fourth quarter, corporate Adjusted EBITDA was ...