DiamondRock Hospitality Company Issues Q3 2012 Mixed Earnings Guidance; Comments On Q3 2012 RevPAR Guidance; Raises FY 2012 Earnings Guidance; Lowers FY 2012 RevPAR Guidance

DiamondRock Hospitality Company announced that for the third quarter of 2012, it expects RevPAR growth of 3% to 4%; adjusted EBITDA of $44.5 million to $48.5 million; adjusted FFO of $33 million to $36 million, which assumes income tax benefit to range from $1.2 million to $0.1 million; and adjusted FFO per share of $0.18 to $0.19 based on 187.5 million diluted weighted average shares. For fiscal 2102, it expects RevPAR growth of 5.5% to 7.5%; adjusted EBITDA of $193 million to $201 million; adjusted FFO of $138 million to $145 million, which assumes income taxes to range from a benefit of $1.0 million to an expense of $1.0 million; and adjusted FFO per share of $0.76 to $0.80 based on 181.3 million diluted weighted average shares. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $48.6 million and FFO of $0.16 for the third quarter of 2012; EBITDA of $192 million and FFO of $0.63 for fiscal 2012.