DiamondRock Hospitality Company, incorporated on May 6, 2004, is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. The Company's primary business is to acquire, own, asset manage and renovate hotel properties in the United States. Its portfolio is concentrated in gateway cities and destination resort locations. The Company conducts its business through an umbrella partnership REIT (UPREIT), in which its hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Company is the general partner of its operating partnership and owns, either directly or indirectly, all of the limited partnership units of its operating partnership.
The Company leases all of its domestic hotels to taxable REIT subsidiary, Bloodstone TRS, Inc. (TRS) lessees. In turn, the Company's TRS lessees must engage a third-party management company to manage the hotels. Each of its hotels is managed by a third-party and a number of its hotels are operated under a brand owned by lodging brand companies, such as Marriott International, Inc. (Marriott) and Hilton Worldwide (Hilton). The Company's owned hotel properties include Chicago Marriott, Westin Boston Waterfront Hotel, Lexington Hotel New York, Salt Lake City Marriott Downtown, Renaissance Worthington, Hilton Burlington, JW Marriott Denver at Cherry Creek, Courtyard Manhattan/Fifth Avenue, The Lodge at Sonoma, a Renaissance Resort & Spa, Courtyard Denver Downtown, Hilton Garden Inn Chelsea/New York City, Shorebreak Hotel, Renaissance Charleston, Inn at Key West and Hotel Rex.
The Company competes with Airbnb.
6903 Rockledge Dr Ste 800
The company trades on NYSE exchange. The company headquarter is located in Maryland, MD.| Ticker | DRH |
| Long Name | Diamondrock Hospitality Company |
| Short Name | Diamondrock Hospitality |