DiamondRock Hospitality layoffs, on the record
Every job cut, severance charge and restructuring DiamondRock Hospitality reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company reported severance costs, and adjustments to them, tied to eliminating positions at its hotels, which were recorded within other hotel expenses. The reconciliation table shows these adjustments for 2022 and 2021 and none for 2023.
Word for word“(4) Consists of severance costs incurred, and adjustments thereto, associated with the elimination of positions at our hotels, which are classified within other hotel expenses on the consolidated statement of operations.” 10-K for 2023
Our summaryThe company recorded severance expense tied to leadership changes announced in April 2024, which raised corporate expenses.
Word for word“Our corporate expenses increased $20.9 million, from $32.0 million for the year ended December 31, 2023 to $52.9 million for the year ended December 31, 2024, primarily due to $20.4 million of severance expense recognized due to the leadership changes announced in April 2024.” 10-K for 2024
Our summaryThe company recorded accelerated restricted stock compensation as severance for the departures of its former Chief Executive Officer and Chief Investment Officer.
Word for word“The compensation expense recorded for the year ended December 31, 2024 included $ 2.0 million of accelerated compensation expense related to restricted stock awards for the departures of our former Chief Executive Officer and Chief Investment Officer.” 10-K for 2024
Our summaryThe company recorded accelerated PSU compensation as severance for the departures of its former Chief Executive Officer and Chief Investment Officer.
Word for word“The compensation expense recorded for the year ended December 31, 2024 included $ 1.8 million of accelerated compensation expense related to PSUs for the departures of our former Chief Executive Officer and Chief Investment Officer.” 10-K for 2024
Our summaryThe company recorded accelerated LTIP compensation as severance for the departures of its former Chief Executive Officer and Chief Investment Officer.
Word for word“The compensation expense recorded for the year ended December 31, 2024 included $ 1.2 million of accelerated compensation expense related to LTIPs for the departures of our former Chief Executive Officer and Chief Investment Officer.” 10-K for 2024
Our summaryThe company incurred severance costs related to the elimination of positions at its hotels.
Word for word“During the year ended December 31, 2022, we incurred severance costs associated with the elimination of positions at our hotels.” 10-K for 2024
Our summaryCorporate expenses fell in 2025 mainly because the company had recognized severance expense in 2024 tied to executive leadership changes made in April 2024.
Word for word“Our corporate expenses decreased $18.5 million, from $52.9 million for the year ended December 31, 2024 to $34.4 million for the year ended December 31, 2025, primarily due to severance expense recognized during the year ended December 31, 2024, in connection with executive leadership changes made in April 2024.” 10-K for 2025
Our summaryThe company incurred severance costs in 2024 related to the executive team changes in April 2024.
Word for word“(3) During the year ended December 31, 2024, we incurred severance costs related to the executive team changes that occurred in April 2024.” 10-K for 2025
Our summaryThe company recorded accelerated compensation expense on PSUs in 2025 as severance costs for the departures of its former CEO and Chief Investment Officer.
Word for word“The compensation expense recorded for the year ended December 31, 2025 included $ 1.8 million of accelerated compensation expense related to PSUs for the departures of our former Chief Executive Officer and Chief Investment Officer.” 10-K for 2025
DiamondRock Hospitality has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from DiamondRock Hospitality’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.