NYSE, DRH - Diamondrock Hospitality Company
We are a lodging focused real estate company that owns, as of February 28,
2008, twenty premium hotels and resorts that contain approximately 9,600
guestrooms. We are committed to maximizing shareholder value through investing
in premium full service hotels and, to a lesser extent, premium urban limited
service hotels located throughout the United States. Our hotels are concentrated
in key gateway cities and in destination resort locations and are all operated
under a brand owned by one of the top three national brand companies (Marriott
International, Inc. ("Marriott"), Starwood Hotels & Resorts Worldwide, Inc.
("Starwood") or Hilton Hotels Corporation ("Hilton")).
We are owners, as opposed to operators, of hotels. As an owner, we receive
all of the operating profits or losses generated by our hotels, after we pay the
hotel managers a fee based on the revenues and profitability of the hotels and
reimburse all of their direct and indirect operating costs. ...
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