DiamondRock Hospitality traded at $9.57 this Thursday March 26th, increasing $0.01 or 0.05 percent since the previous trading session. Looking back, over the last four weeks, DiamondRock Hospitality gained 4.73 percent. Over the last 12 months, its price rose by 22.79 percent. Looking ahead, we forecast DiamondRock Hospitality to be priced at 9.27 by the end of this quarter and at 8.46 in one year, according to Trading Economics global macro models projections and analysts expectations.
DiamondRock Hospitality Company is a real estate investment trust (REIT). The Company's business is to acquire, own, asset manage and renovate hotel properties in the United States. The Company's portfolio is concentrated in gateway cities and destination resort locations. The Company owns a portfolio of 29 hotels and resorts that contains 8,800 guest rooms located in North America and the United States Virgin Islands. The Company conducts its business through its subsidiaries, DiamondRock Hospitality Limited Partnership. The Company operates across Boston, Chicago, New York, San Diego, Washington D.C., San Francisco and Denver. The Company's hotel properties include Chicago Marriott, Westin Boston Waterfront Hotel, Lexington Hotel New York, Salt Lake City Marriott Downtown, Hilton Burlington, JW Marriott Denver Cherry Creek, The Lodge at Sonoma Renaissance Resort & Spa, Courtyard Denver Downtown, Hilton Garden Inn Chelsea, Renaissance Charleston at Key West and Hotel Rex.