- 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
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.
DiamondRock Hospitality (DRH) lowered its full-year forecast and missed analysts expectations when it posted second quarter results before today's market open.