💨 Abstract

DiamondRock Hospitality Co. reported second-quarter funds from operations of $72.3 million, or 35 cents per share, exceeding analysts' estimates of 33 cents per share. Despite this, the company's revenue of $305.7 million fell short of expectations, with analysts projecting $308.6 million. The hotel and resort REIT also updated its full-year funds from operations forecast to between 96 cents and $1.06

Courtesy: WTOP Staff