DiamondRock Hospitality Company · Bethesda, MD United States ·(NYSE: DRH)
Company Description
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This link will open in a new window If diamonds are a girl's best friend, then DiamondRock Hospitality must be an investor's best friend. Operating as an umbrella partnership real estate investment trust (UPREIT), DiamondRock primarily functions through its taxable REIT subsidiary Bloodstone TRS. It owns (but does not operate) about 20 upper upscale full-service hotels with more than 9,500 rooms in North America, with an emphasis on such markets as New York, Los Angeles, Chicago, Boston, and Atlanta. Its hotels are all operated under brands owned by
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Key DiamondRock Hospitality Company Financials
| Company Type | Public - NYSE: DRH Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $693.2 |
| 2008 Employees | 17 |
DiamondRock Hospitality Company Executives
10 executives listed for DiamondRock Hospitality Company's Bethesda, MD location.
| Title | Name & Bio | Contact |
| Chairman | William McCarten | Network |
| CEO and Director | Mark Brugger | Network |
| President, COO, and Director | John Williams | Network |
Competition
Competitive Landscape for DiamondRock Hospitality Company
Business and tourist travel drive demand. Both are affected by the strength of the economy. The profitability of individual companies depends on efficient operations, because many costs are fixed, and on effective marketing. Large companies have advantages in economies of scale in operations, can more easily raise capital, and have strong name recognition. Small companies, such as boutique hotels, can compete effectively in favorable locations and by providing specialty services. A hotel business requires large amounts of capital, but operations are labor-intensive: average annual revenue per employee is around $80,000. To read the full description, subscribe now.Top DiamondRock Hospitality Company Competitors
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