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DiamondRock Hospitality (DRH) - Hoya Hotseat
Hoya Capital
DiamondRock Hospitality (NYSE:DRH) is the sixth-largest Hotel REIT, owning 37 hotels and resorts comprising over 10,000 rooms across 26 U.S. markets. DRH focuses primarily on independently operated hotels apart from the major brand networks, with a focus on leisure-oriented urban destinations and luxury resorts.
CEO Jeff Donnelly joins the Hotseat to discuss the backstory and evolution of DRH from its roots as a Marriott spinoff in the early 2000s, its unique strategy to focus on non-branded hotels, the benefits of the REIT structure, and secular demand tailwinds and headwinds across the hotel REIT industry.
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