We are a lodging-focused real estate company that
owns a portfolio of
23 premium hotels and resorts that contain approximately 10,500 guestrooms and a
senior mortgage loan secured by another hotel. We are an owner, as opposed to an
operator, of the 23
hotels in our portfolio. As an owner, we receive all
of the operating profits or losses generated by our
hotels after we pay fees to the hotel managers,
which are based on the revenues and profitability of
the hotels.
Our vision is to be the premier
allocator of capital in the lodging industry. Our
mission is to deliver long-term stockholder returns
through a combination of dividends and long-term
capital appreciation. Our strategy is to utilize
disciplined capital allocation and focus on
acquiring, owning, and measured dispositions of high
quality, branded lodging properties in North America
with superior long-term growth prospects in markets
with high barriers-to-entry for new supply. In
addition, we are committed to enhancing the value of
our platform by being open and transparent in our
communications with investors, monitoring our
corporate overhead and following sound corporate
governance practices.
Consistent with our strategy, we continue to focus on opportunistically
investing in premium full-service hotels and, to a lesser extent, premium urban
limited-service hotels located throughout North America. Our portfolio of 23 hotels is concentrated in key gateway cities and
in destination resort locations. All of our hotels
are operated under a brand owned by one of the
leading global lodging brand companies (Marriott
International, Inc.™ (“Marriott”), Starwood Hotels &
Resorts Worldwide, Inc.™ (“Starwood”) or Hilton
Worldwide™ (“Hilton”).
We differentiate ourselves from our competitors
because of our adherence to three basic principles:
We began operations in July 2004 and became a public
reporting company in May 2005. We are listed on the
New York Stock Exchange under the symbol "DRH".
