Diamondrock Hospitality Recognized As A Sector Leader By Gresb
#1 RANKING AMONG HOTEL PEERS FOR THE FOURTH CONSECUTIVE YEAR
BETHESDA, Md., Oct. 23, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) is pleased to announce that the Company has again been recognized by the Global Real Estate Sustainability Benchmark ("GRESB") as a Real Estate Sector Leader as part of the 2023 GRESB Real Estate Assessment, demonstrating its continuing commitment to ESG transparency and improved performance.
"DiamondRock being recognized for the fourth consecutive year by GRESB for its outstanding corporate responsibility program and sustainability initiatives reflects the Company's industry leadership and deep commitment to furthering environmental, social, and governance excellence," said Mark Brugger, President and Chief Executive Officer of DiamondRock Hospitality Company.
GRESB Real Estate Assessment (2023)
- Awarded Real Estate Assessment Sector Leader
- Awarded 4 Green Stars and listed on the GRESB website as a Top Performer and Sector Leader
- Ranked 1st GRESB Score among Hotel / Americas
- Ranked 18th GRESB Score among U.S. Listed Companies (Top 15%)
GRESB Public Disclosure (2023)
- Ranked 1st within the U.S. Hotels with a score of "A" compared to the Peer Group Average of "B" and the GRESB Global Average of "B"
Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics. GRESB recognizes Sector Leaders as the best performers by sector and region from across the GRESB Assessments.
The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than USD 8.8 trillion of gross asset value, encompassing 2,084 real estate entities, 687 infrastructure assets and 172 infrastructure funds.
DiamondRock's sustainability report, available here, provides a summary of past performance along with future commitments.
About the Company
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company currently owns 36 premium quality hotels and resorts with over 9,700 rooms. The Company has strategically curated its portfolio to be comprised of unique lifestyle properties, as well as those enhanced by leading global brands. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com.
About GRESB
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 150 institutional and financial investors to inform decision-making. For more information, visit www.gresb.com.
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SOURCE DiamondRock Hospitality Company
