DiamondRock Hospitality Company announced its voluntary transfer of the listing of its class A common stock to NASDAQ from the New York Stock Exchange (NYSE). The company expects its common stock to start trading on the NASDAQ Global Select Market on December 1, 2025, under its existing "DRH" symbol. This move is expected to bring cost-effective exchange listing, trading advisory services, and enhanced marketing opportunities to the company and its shareholders.
As of the last period, the company owns 36 premium quality hotels and resorts with approximately 9,600 rooms. The strategic positioning of its portfolio includes operations under leading global brand families as well as independent boutique hotels in the lifestyle segment.
No specific financial metrics have been provided in the press release. Following these announcements, the company's shares moved -1.73%, and are now trading at a price of $9.10. For the full picture, make sure to review DiamondRock Hospitality Co's 8-K report.
