DiamondRock Hospitality Company (DRH) Wins 2024 Sustainability Award for Exceptional ESG Commitment

DiamondRock Hospitality Company Receives Prestigious Sustainability Award

In a significant achievement for the hospitality sector, DiamondRock Hospitality Company (NYSE: DRH) is honored with the 2024 Leader in the Light Award by the National Association of Real Estate Investment Trusts (Nareit). This recognition underscores the company’s exceptional commitment to sustainable and socially responsible investment practices within the lodging and resorts industry. The award, which emphasizes good governance and transparency, is a testament to DiamondRock's ongoing efforts to align its operations with environmentally sound principles and social accountability.

Participating in the Global Real Estate Sustainability Benchmark (GRESB) Annual Survey for the ninth consecutive year, DiamondRock achieves Sector Leader Status, further solidifying its reputation as a leader in sustainable practices. The company secures the top ranking among its hotel peers for the fifth consecutive year, reflecting consistent performance and dedication to improving its environmental, social, and governance (ESG) standards. CEO Jeffery Donnelly expresses pride in this recognition, highlighting the importance of sustainability and social responsibility in fostering a healthier planet and stronger communities, which are integral to the company’s operational ethos.

In the 2024 GRESB Real Estate Assessment, DiamondRock receives 4 Green Stars, marking its seventh consecutive year of achieving this esteemed status. Additionally, the company ranks first among U.S. hotels with an "A" score, significantly outpacing the peer group average of "B." This performance illustrates DiamondRock's commitment to sustainability initiatives, as the GRESB Assessment serves as a global benchmark for ESG performance in real estate, reflecting the growing investor focus on sustainable practices in the industry.

Beyond the accolades, DiamondRock Hospitality Company continues to manage a diverse portfolio of 37 premium quality hotels and resorts, which collectively offer over 10,000 rooms strategically located in leisure destinations and major gateway markets. This strategic positioning not only enhances the company’s market presence but also aligns with its mission to promote sustainability and community well-being, setting a high standard for leadership in the hospitality industry.

As DiamondRock strengthens its role as a sustainable leader, its ongoing efforts in governance and transparency not only benefit the company but also contribute positively to the broader hospitality sector, inspiring peers to adopt more sustainable practices. The recognition from Nareit is a significant milestone in DiamondRock's journey, reinforcing its commitment to enhancing stakeholder value through responsible business practices.