DiamondRock REIT States Zero New Construction In The Future

DiamondRock CEO States No New US Construction

DiamondRock Hospitality Company, a self-advised real estate investment trust (REIT), owns a portfolio of 31 premium hotels and resorts containing over 10,000 rooms in the aggregate, concentrated in key gateway cities and destination resorts throughout North America and the U.S. Virgin Islands. With a net loss of $37.2 Million announced on their Earnings Call, the future is looking grim. DiamondRock also fully drew down its $400 million senior unsecured credit facility to enhance its liquidity. As of March 31, 2020, the company had unrestricted cash . . .

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