- Fourth quarter 2012 RevPAR growth lower by 140 to 170 basis points;
- Full year 2012 RevPAR growth lower by 50 to 60 basis points;
- Total revenues lower by $3.0 to $3.5 million; and
- Adjusted EBITDA lower by $2.0 to $2.5 million
This hotel REIT should be attractive to income investors.
DiamondRock's (DRH) stock rating was lowered to 'underweight' at Morgan Stanley on Monday morning.
DiamondRock Hospitality's (DRH) COO Robert Tanenbaum will be stepping down later this month, according to a filing on Tuesday.