DIAMONDROCK HOSPITALITY COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS

Hotel Adjusted EBITDA Reconciliation - Year to Date 2022

Days of
Operation

Total Revenues

Net Income /
(Loss)

Plus: Depreciation

Plus: Interest
Expense

Plus: Adjustments ⁽¹⁾

Equals: Hotel
Adjusted EBITDA

Atlanta Marriott Alpharetta

365

$              13,706

$                   2,847

$                   1,478

$                         —

$                             —

$                   4,325

Bourbon Orleans Hotel

365

$              16,503

$                   2,986

$                   3,321

$                         —

$                            25

$                   6,332

Cavallo Point, The Lodge at the Golden Gate

365

$              45,030

$                   4,663

$                   7,533

$                         —

$                          375

$                 12,571

Chicago Marriott Downtown Magnificent Mile

365

$              91,934

$                 19,420

$                 15,514

$                         23

$                      (1,589)

$                 33,368

Courtyard Denver Downtown

365

$              11,007

$                   3,527

$                   1,508

$                         —

$                             —

$                   5,035

Courtyard New York Manhattan/Fifth Avenue

365

$              18,119

$                   1,108

$                   1,333

$                         —

$                       1,014

$                   3,455

Courtyard New York Manhattan/Midtown East

365

$              33,251

$                   4,207

$                   1,963

$                   3,640

$                             —

$                   9,810

Embassy Suites by Hilton Bethesda

365

$                8,892

$                 (9,254)

$                   2,243

$                         —

$                       5,928

$                 (1,083)

Havana Cabana Key West

365

$              14,014

$                   4,677

$                   1,111

$                         —

$                             —

$                   5,788

Henderson Beach Resort

365

$              42,287

$                   4,961

$                   3,906

$                         —

$                             —

$                   8,867

Henderson Park Inn

365

$                8,769

$                   2,286

$                      899

$                         —

$                             —

$                   3,185

Hilton Boston Downtown/Faneuil Hall

365

$              37,420

$                   8,194

$                   4,118

$                         —

$                             —

$                 12,312

Hilton Burlington Lake Champlain

365

$              21,836

$                   6,464

$                   2,262

$                         —

$                             —

$                   8,726

Hilton Garden Inn New York/Times Square Central

365

$              29,078

$                   6,610

$                   2,517

$                         —

$                             —

$                   9,127

Hotel Clio

365

$              26,726

$                      966

$                   3,405

$                   2,588

$                             19

$                   6,978

Hotel Emblem San Francisco

365

$                6,927

$                     (362)

$                   1,187

$                         —

$                             —

$                      825

Hotel Palomar Phoenix

365

$              20,622

$                   2,387

$                   2,722

$                         —

$                          729

$                   5,838

Kimpton Fort Lauderdale Beach Resort

275

$                5,224

$                     (925)

$                      911

$                         —

$                             —

$                       (14)

Kimpton Shorebreak Resort

365

$              23,015

$                   6,987

$                   1,590

$                         —

$                             —

$                   8,577

L'Auberge de Sedona

365

$              34,564

$                 10,417

$                   1,475

$                         —

$                             —

$                 11,892

Lake Austin Spa Resort

41

$                1,944

$                      132

$                      212

$                         —

$                             —

$                      344

Margaritaville Beach House Key West

365

$              31,866

$                 10,145

$                   3,182

$                         —

$                             —

$                 13,327

Orchards Inn Sedona

365

$                9,124

$                   2,304

$                      343

$                         —

$                           168

$                   2,815

Renaissance Charleston Historic District Hotel

365

$              23,340

$                   8,677

$                   1,813

$                         —

$                             —

$                 10,490

Salt Lake City Marriott Downtown at City Creek

365

$              27,506

$                   5,400

$                   2,224

$                   1,803

$                             42

$                   9,469

The Gwen Hotel

365

$              36,784

$                   8,372

$                   4,284

$                         —

$                             —

$                 12,656

The Hythe Vail

365

$              41,726

$                   8,404

$                   4,783

$                         —

$                             —

$                 13,187

The Landing Lake Tahoe Resort & Spa

365

$              12,269

$                   3,354

$                   1,015

$                         —

$                             —

$                   4,369

The Lodge at Sonoma Resort

365

$              31,633

$                   5,607

$                   2,619

$                       870

$                             —

$                   9,096

Tranquility Bay Beachfront Resort

360

$              24,321

$                   6,429

$                   1,709

$                         —

$                             —

$                   8,138

Westin Boston Seaport District

365

$              84,186

$                   3,105

$                   9,825

$                    8,148

$                         (490)

$                 20,588

Westin Fort Lauderdale Beach Resort

365

$              70,104

$                 20,129

$                   3,953

$                         —

$                             —

$                 24,082

Westin San Diego Bayview

365

$              30,310

$                   3,794

$                   3,344

$                   2,177

$                             —

$                   9,315

Westin Washington D.C. City Center

365

$              24,956

$                 (1,182)

$                   4,101

$                   1,806

$                             —

$                   4,725

Worthington Renaissance Fort Worth Hotel

365

$              42,510

$                   6,210

$                   4,446

$                   2,928

$                               5

$                 13,589

Total

$         1,001,503

$               173,046

$               108,849

$                 23,983

$                       6,226

$               312,105

Less: Non-Comparable Hotel ⁽²⁾

$               (5,224)

$                      925

$                    (911)

$                         —

$                             —

$                        14

Add: Prior Ownership Results ⁽³⁾

$              23,568

$                   6,721

$                      998

$                         —

$                             —

$                   7,719

Comparable Total

$         1,019,847

$               180,692

$               108,936

$                 23,983

$                       6,226

$               319,838