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COMPANY CONTACTS Jeff Donnelly Chief Financial Officer ( 240 ) 744-1190 Briony Quinn Senior Vice President ( 240 ) 744-1196 FOR IMMEDIATE RELEASE DIAMONDROCK HOSPITALITY DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER RESULTS Largest Quarterly Hotel Profit Since Pandemic Inception Third Quarter RevPAR Exceeded 80 % of 2019 BETHESDA , Maryland , Thursday , November 4 , 2021 – DiamondRock Hospitality Company ( the " Company " ) ( NYSE : DRH ) , a lodging - focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States , today announced results of operations for the quarter ended September 30 , 2021 . Highlights : Net Loss : Net loss was $ 1.8 million and loss per diluted share was $ 0.02 . Comparable Revenues : Comparable total revenues were $ 181.5 million , which represents 20.4 % decline from the comparable period of 2019 . Comparable RevPAR : Comparable RevPAR was $ 155.17 , which represents a 19.6 % decline from the comparable period of 2019. Comparable ADR increased 0.7 % from the comparable period in 2019 . Comparable Hotel Adjusted EBITDA : Comparable Hotel Adjusted EBITDA was $ 48.3 million , a $ 18.4 million improvement from the second quarter of 2021 . Adjusted EBITDA : Adjusted EBITDA was $ 38.9 million , a $ 19.1 million improvement from the second quarter of 2021 . Adjusted FFO : Adjusted FFO was $ 20.9 million and Adjusted FFO per diluted share was $ 0.10 . Liquidity : The Company ended the third quarter with $ 537.9 million total liquidity . The Company has remained cash flow positive at the hotel level since March 2021 . Hotel Acquisitions : The Company acquired the Bourbon Orleans Hotel in New Orleans , Louisiana and the Henderson Park Inn in Destin , Florida during the quarter . These acquisitions continued the Company's strategy to increase exposure to resort and leisure - oriented hotels . Preliminary October Results : Preliminary comparable revenues for October 2021 are 78.6 % of the same period in 2019 , as compared to 73.5 % of the same period in 2019 for September 2021 . " Third quarter results exceeded our expectations as travel demand continued to return to our hotels and our asset management best practices enabled solid profit flow through . Remarkably , the portfolio achieved a higher average room rate than the comparable quarter in 2019 , with a number of our resorts setting all - time records , " said Mark W. Brugger , President and Chief Executive Officer of DiamondRock Hospitality Company . " Our two recent acquisitions are tracking ahead of our underwriting for the year , and we are actively exploring a number of