DRH — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-04-30

• •negative developments in the economy, including, but not limited to elevated interest rates and costs due to recent inflation, job loss or growth trends, an increase in unemployment, other macroeconomic effects due to global instability or conflict or a decrease in corporate earnings and investment…

• Each hotel is positioned to maximize its cash flow and value; accordingly, we choose to operate nearly 40% of our portfolio as independent hotels, with the remainder operating under a brand owned by one of the leading global lodging brand companies.

• Our primary business is to acquire, own, renovate and asset manage premium hotel properties in the United States. All of our hotels are managed by a third party, either an independent operator or a brand operator, such as Marriott. We are an owner, as opposed to an operator, of the hotels in our por…

• The outlook for the remainder of 2026 has become more uncertain as the ongoing conflict with Iran and broader instability in the Middle East have increased volatility in energy markets, contributed to renewed inflationary pressure and added uncertainty around the trajectory of interest rates. Travel…

• Kimpton Shorebreak Huntington Beach ResortHuntington Beach, California157 78.7 %282.38 222.11 341.751.7 %

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• •negative developments or volatility in the economy, including, but not limited to elevated inflation and interest rates, job loss or growth trends, the imposition of trade sanctions or tariffs and any potential retaliatory responses thereto, an increase in unemployment or a decrease in corporate ea…

• provide geographic diversity relative to our existing portfolio, and those markets that are considered to have high growth potential.

• As an owner, rather than an operator, of lodging properties, we receive all operating profits or losses generated by our hotels after the payment of fees due to hotel managers and hotel brands, which are calculated based on the revenues and profitability of each hotel.

• Our primary business is to acquire, own, renovate and asset manage premium hotel properties in the United States. Our portfolio is concentrated in major urban markets and destination resort locations. All of our hotels are managed by a third party—either an independent operator or a brand operator, …

• Like other companies in our industry, we are subject to changes in the macroeconomic, political, and regulatory environments and the impacts of recently implemented and newly proposed tariffs. These factors have contributed to a decline in leisure transient travel in and international travel to the …