2 Bethesda Metro Ctr Ste 1400, Bethesda, Maryland, 20814, United States. It has also been recognized by numerous travel publications for its excellence, including Conde Nast (#7 Top Hotel in New Orleans), USA Today (#5 Top Haunted Hotel in the U.S.), and TripAdvisor (2019 Certificate of Excellence). If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. Speaking during the earnings call, DiamondRock Chief Financial Officer Jeff Donnelly said fourth-quarter results were "a sharp lead" ahead of original forecasts. These four ranks were summed and sorted to reveal the winner: DiamondRock Hospitality Company (NYSE:DRH), which is the focus of this article. I am not receiving compensation for it (other than from Seeking Alpha). Known for its 24 miles of pristine beaches and emerald green water, Destin was recently ranked as the #1 Best Beach in Florida and the #3 Best Beach in the U.S. DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. Improve this listing. Mr. Brugger has received recognition for his work at DiamondRock, including being named to the Forbes list of Americas Most Powerful CEOs 40 and Under and a finalist for the E&Y Entrepreneur of the Year Award. Both acquisitions were funded with cash proceeds from dispositions closed in the second quarter and the properties are expected to generate positive cash flow in 2021. The oceanfront resort, which is unencumbered by brand and management, is already benefiting from the implementation of DiamondRock's asset management best practices and is operating significantly ahead of initial underwriting. Reviews (72) Write a review. The company owns and operates high-quality lodging properties in North American urban and resort markets. The boutique hotel is located at the heart of the French Quarter, an irreplaceable destination with a moratorium on new hotel development. Cornerstone Theater Company, Creative Supervisor at Mutual of Omaha Pivoting the real estate investment trust's strategy to focus on destination resorts and lifestyle hotels continues to pay off for DiamondRock Hospitality, according to President and CEO Mark Brugger. C2C ACQUISITION CORP. magna cum laude from Harvard College in 1976. Neil Rock - Chief Executive Officer for Firerock Capital Inc. Software is my area of expertise, so my writing will frequently cover those in that sector. DiamondRock Debuts The Hythe, A Luxury Collection Resort, Vail Colorado Shop the Largest Selection, Click to See! Neil Rock's Email & Phone - President at DiamondRock, LLC Mr. Brugger has an extensive background in real estate, capital markets and structured finance, including as a former executive for Marriott International (NASDAQ: MAR). Mr. Leonard holds a B.B.A. PSYC Frequently Asked Questions about Neil Rock. The Company purchased the 170-room Henderson Beach Resort in Destin, Florida for $112.5 million in an off-market transaction on December 23, 2021. at The investment in the 37-room Henderson Park Inn was acquired for nearly a 7% capitalization rate on trailing 12-month NOI and is also expected to achieve an 8% yield after the implementation of new professional management and best practices. Neil Rock's personal email DiamondRock Hospitality Company, a self-advised real estate investment trust (REIT), owns a portfolio of 35 premium hotels and resorts containing over 9,600 rooms in the aggregate, concentrated in key gateway cities and destination resorts throughout the United States. Had a business meal here with 7 others. EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER, EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL AND CORPORATE SECRETARY. Third-party unit owners bear 100% of the maintenance and capital costs associated with their unit. With this core principle that aligns the interests of our operators and our investors, Diamond Rock is also experienced and comfortable effecting minority recapitalizations with flexible investment structures designed to uniquely meet the needs of the company, its management team and other shareholders. Situated on Florida's Emerald Coast, Henderson Park Inn benefits from the strong trend for adults-only, beachfront romantic vacations and retreats. The 12% upside to rooms revenue was driven by stronger-than-expected average daily rate, he said, partially offset by softer-than-expected occupancy from last-minute cancellations as the COVID-19 omicron variant emerged. Comparable revenues for the quarter totaled $196.8. John Cassell Email & Phone Number - DiamondRock.. | ZoomInfo DiamondRock Announces Two Acquisitions For $108.6 Million - PR Newswire Neil Alan Rock (born 24 September 2000) is an Irish cricketer. 4 GRAINES, Tourcoing - Restaurant Reviews & Photos - Tripadvisor Traditionally a long-only investor, I use home-grown software to find the best companies at the best prices. at DiamondRock Hospitality: An 8.8% Yield To Call With The Preferred Shares Second, the hotel industry is heavily influenced by macroeconomic factors such as GDP growth, employment, consumer confidence, and corporate earnings. and discover candidates outside of LinkedIn, Trusted by 400K users from 76% of Fortune 500 companies, Find anyone, anywherewith ContactOut today. Supercharge your prospecting on LinkedIn and across the the web, 10x your recruitment & sales conversations. The amendments operated to amend the Share Purchase Agreements entered into between the Company and each of Mr. Frija and Mr. Pan on June 1, 2015, to terminate any unexercised options held by Mr. Frija or Mr. Pan under such agreements to acquire 30,000,000 shares of common units of the Company. Of course, be is one of the world's most popular performers, with over 125 million albums sold. Logiq Inc (LGIQ): (3) Neil Rock has the voting and disposi All beach houses participate in the rental management program. Mr. Tennis received a Juris Doctorate from New York University School of Law in 1981 and a B.A. Neil Rock Profiles in CA, CO, FL, NC, NY, OH, and TX - Bizapedia He was also on the Companys Board when it underwent an M&A process that lead to a successful merger with Gramercy Property Trust (NYSE: GPT). My investment philosophy is primarily high-quality firms. Tripadvisor performs checks on reviews. Mark W. Brugger is the Co-Founder, President, Chief Executive Officer and a Director of DiamondRock Hospitality Company. The Registered Agent on file for this company is Michael Manson and is located at 30 Corporate Park Suite 200, Irvine, CA 92606. SCP Health, VP Sales at Nikka Specialty Flooring Products. During his tenure, he directed the asset management of 60 branded and independent hotels totaling over 20,000 rooms. The purchase price represents an 11.5% yield on 2021 forecasted NOI. in philosophy from the University of Maryland. Fortunately, the company's remaining debt is primarily fixed rate, all under 4.4%, amounting to around $380 million. The strategic approach involves capital allocation based on the cost of capital. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. In short, the company outperforms the average REIT across all four of these metrics. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. "We're optimistic we will close a similar volume of transactions in 2022. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com. Goldman Sachs Personal Financial Management, COMMERCIAL & INDUSTRIAL REAL ESTATE DEVELOPMENT | Strategic Planning - Business Development - Process Improvement, Corporate VP Operations/Business Development at Visual Edge Technology These risks include, but are not limited to: national and local economic and business conditions; operating risks associated with the hotel business; risks associated with the level of the Company's indebtedness; relationships with property managers; the ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; changes in travel patterns, taxes and government regulations which influence or determine wages, prices, construction procedures and costs; and other risk factors contained in the Company's filings with the Securities and Exchange Commission. They all had lasagne with no regrets. Text is available under the . I currently . our ContactOut Chrome extension. All information in this release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. Neil Diamond The Greatest Hits 1966-1992 2xCD, Comp 0 Pop Rock - eBay CEO Kevin Frija stated: With the retirement of these outstanding options we feel we are off to a fantastic start to building shareholder confidence. Mr. Frija continued: Initially we set up these options which allowed us to fund the Company back in 2015 when there were no employees or business to speak of, since then we have come a long way adding value to the Company. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Transfix, Sr. By regularly adjusting their portfolios and maintaining a disciplined approach, they aim to outperform the market in the long run while minimizing emotional biases in decision-making. Hotel acquisitions completed during 2021 and early 2022 have already shifted the REIT's portfolio to almost two-thirds leisure-oriented hotels and resorts. With an FFO payout ratio of only 11.88%, DiamondRock significantly . Florida Blue. Press Releases | DIAMONDROCK HOSPITALITY COMPANY With Pending Sale of The Lexington, DiamondRock Reduces NYC - CoStar John Cassell has been working as a Vice President, Asset Management at DiamondRock Hospitality for 2 years. The acquisition also includes income from 46 luxury residences adjacent to the hotel currently participating in the hotel's rental management program. 21 rue de la Cloche, 59200 Tourcoing France + Add phone number Website. Diamondrock LLC is a California Limited-Liability Company - Out Of State filed On February 22, 2019. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com. Neil Rock Partner at Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates New York, New York, United States 33 followers 31 connections Join to view profile Skadden, Arps, Slate, Meagher & Flom. "Profit flow-through was excellent. We can help. At just 1.49%, DiamondRock doesn't fall anywhere near the list of high-yielding REITs. Already a member of the Songwriters Hall of Fame, he has been a dominant force on the pop charts for two generations: Thirty-six of his songs have hit the Top Forty. The total investment for the two separate transactions was $175.5 million. I am a Software Engineer by trade and an avid market participant. They all had lasagne with no regrets.More. Factory 360, Executive Vice President of Sales and Marketing at BigTapp Pte Ltd, Connectologist. Classe. Hotel adjusted EBITDA profit margins were 22.5% and over 40 basis points above our forecast," he said. Prior to Wells Fargo, Mr. Donnelly was Assistant Vice President at AEW Capital Management, L.P. with fiduciary responsibilities in asset management and capital markets for large diversified commercial real estate portfolio. Note: your question will be posted publicly on the Questions & Answers page. Detailed Reviews: Reviews order informed by descriptiveness of user-identified themes such as cleanliness, atmosphere, general tips and location information. DoorDash, Enjoy unlimited access PTOP "The six transactions we successfully completed over the last year solidify DiamondRock's strategic initiative to curate a preeminent portfolio of leisure-oriented, lifestyle hotels and resorts," said Mark W. Brugger, President and Chief Executive Officer of DiamondRock Hospitality Company. These past months we have really turned a corner with our newly acquired business and our stock attracting a new investor base. Phoenixville PA 19460. The NEIL DIAMOND Collection (3 Pak CDs GSC Music 2000) Pop, Soft Rock Mr. Brugger is also a member of the Urban Land Institute, Real Estate Round Table, YPO International, Marriotts Owner Advisory Council, and a Board Member of the American Hotel & Lodging Association. The combined purchase price for the two hotels is $108.6 million . The Company's current operating status is Active Company Info DOS ID: 4784337 Current Entity Name: DIAMONDROCK LLC Incorpration Date: 07/03/2015 Company Status: Active Entity Type: As of December 31, 2022, 31 of the 35 hotels are unencumbered by mortgage debt, providing balance sheet flexibility. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. In addition, he served as a director on the board of Chambers Street (NYSE: CSG). at Rock and Roll Hall of Fame. Jeff J. Donnelly is our Executive Vice President and Chief Financial Officer since August 2019. The company collaborates with leading global hotel brands like Marriott, Hilton, and IHG, as well as independent lifestyle hotels. Neil Young & Crazy Horse - Born to Rock Doppel LP Near Mint Each resort is unencumbered by brand and management enabling the Company to swiftly implement DiamondRock's asset management best practices. Debt at these levels could impact results in the coming quarters, especially if the Fed continues to raise rates. Diamond Rock Capital LLC Justin L. Leonard is our Executive Vice President and Chief Operating Officer since July 2022. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. In the introduction, I provided a brief overview of the criteria used to rank DiamondRock at the top of the list. Songwriting has always been about discovery for Neil Diamond. Quinn joined DiamondRock in 2007 as Assistant Corporate Controller and was promoted to Vice President and Corporate Controller in 2008 and to Chief Accounting Officer in 2014. Analysts Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in DRH.PA over the next 72 hours. Neil Turbin Accuses Anthrax Of Not Paying Him His Money Their business is recorded as DOMESTIC LIMITED LIABILITY COMPANY . Book your room in one of our budget hotels in Tourcoing in the Hauts-de-France region. Consolidated ownership and management of the adjacent resorts will create beneficial revenue and expense synergies. Using return on capital [ROC] and earnings yield as ranking factors, it targets firms that efficiently generate profits and trade at attractive prices. A total of 53% of travelers booked their rooms in December, he added. Money Back Guarantee ensures YOU receive the item you ordered or get your money back. DiamondRock Hospitality trades at 7.99x P/FFO TTM, while the broader REIT industry currently trades at around 12.35x. Contact over 250M professionals instantly by email or phone. DiamondRock ranked as the 23rd "cheapest" REIT on a price-to-FFO basis in my list. Not only is DiamondRock growing in size, it's also internally improving asset value through repositions, spending $44.5 million throughout 2021. Navigating The REIT Landscape: A Spotlight On DiamondRock Hospitality Let's hope this isn't the same guy f. Support: 888-992-3836 Home NewsWire Subscriptions Search eBay faster with PicClick. My Roots In Africa, Senior Marketing Project Manager at Transfix and Real Estate Agent with Berkshire Hathaway HomeServices, FNR The cities are Brecksville OH, Denver CO, Houston TX, Irvine CA, Katy TX, Laguna Niguel CA, Los Angeles CA, New York NY, Port Richy FL, Sacramento CA, Wake Forest NC, and Westlake OH. Recently, DiamondRock reported a $208 million loss for the fourth quarter of 2020, down from a nearly $135 million profit in 2019. Conversely, when the cost of capital is high, the company focuses on long-term value creation through share repurchases. I am not receiving compensation for it (other than from Seeking Alpha). The Resort has a New England-style charm and is situated on nearly two acres of secluded white-sand beach, making it the perfect spot to enjoy spectacular views and luxurious privacy. As of press time, DiamondRock's stock price was trading at $9.74 per share, up 1.4% year to date. Free shipping for many products! The destination continues to gain immense popularity with urban feeder markets such as Atlanta, Dallas, Nashville, and Houston. An oversupply of hotels or increased competition in their markets could result in reduced occupancy rates, revenues, and profits, which could materially affect the company's business and ability to make distributions to stockholders. Read More > 02/21/23 Click here to read DiamondRock's third-quarter performance. Be the change you want to see in the world! Although the dividend yield may not be as high as its peers, the security of the dividend and the company's overall strong performance make it an attractive choice for investors. First, the company's earnings are subject to high volatility due to daily fluctuations in hotel occupancy and rates, unlike other REITs with long-term leases and stable revenue streams. address is ne****[emailprotected], Neil Rock's business email Tetra Tech EM Inc. Chief Technology Officer at CalPERS Mr. Brugger co-founded the Company in 2004 and successfully led its initial public offering (IPO) on the New York Stock Exchange the following year. THE GUY THAT IS SUPPLYING THE COMPANY WITH $$$.INTERESTING.READ BOLD. Neil Diamond at IMDb This page was last edited on 1 May 2023, at 13:45 (UTC). CalPERS, Agile Marketing Studio _ Consumer Product Marketing at U.S. Bank DRH has an average price target of $10.05, representing an ~27% increase from today's price. Cision Distribution 888-776-0942 Apr 26, 2023 10:30 AM. Website. Associate Broker / Prior to DiamondRock, Ms. Quinn was the Vice President of Finance and Accounting for Meristar Hospitality Corporation, a publicly-traded lodging real estate investment trust.