DiamondRock Hospitality Investor Presentation Deck
STRONG LIQUIDITY AND BALANCE SHEET
Strong Cash Flow
Low Leverage
Flexible and Liquid Structure
• Long Weighted-Average Maturity
●
●
●
(1)
(2)
$585M
Total Available Liquidity
Includes debt and perpetual preferred capital
Percentage of hotels unencumbered by debt
2023
$73
NO NEAR-TERM MATURITIES
DEBT MATURITY SCHEDULE (SMM)
$291
2025
$300
Ability to Fund from Current
Liquidity and Retained Cash Flow
DRH COMPETITIVE ADVANTAGES
2026 2027
Term Loans and Revolver
SIGNIFICANT LIQUIDITY AND DRY POWDER AVAILABLE
$500
2024
■Mortgages
Note: Mortgages reflect balance at scheduled maturity, Term Loan reflects exercise of one-year extension
2028
67%
Fixed Rate¹
12.9
9.6
●
8.5
Retire all debt maturities
Fully fund all capex and pending ROI projects
Pay projected preferred and common
dividends through 2025
LOW LEVERAGE VS PEERS
PEER (NET DEBT+ PREFERRED) / EBITDA
7.6 7.6
DIAMONDROCK
HOSPITALITY
89%
Unencumbered by Year End²
6.3 6.3 5.7
4.8 4.4 4.2 3.8
3.3
Source: Baird Comp Sheet (2/3/23), Net Debt + Preferred / EBITDA 2022, DRH reflects TTM Q1'23 EBITDA
2.6
AHT BHR PEB INN HT RLJ PK CLDT XHR RHP SHO DRH APLE HST
17View entire presentation