DiamondRock Hospitality : January 2023 Operations Update

COMPANY UPDATE ON OPERATIONS	JANUARY 2023

FORWARD LOOKING STATEMENTS

Certain statements made during this presentation are forward- looking statements that are subject to risks and uncertainties. Forward-looking statements generally include the words "believe," "expect," "anticipate," "plan," "estimate," "project," "will," "intend" or other similar expressions. Forward-looking statements include, without limitation, statements regarding industry outlook, results of operations, cash flows, business strategies, growth and value opportunities, capital and other expenditures, financing plans, expense reduction initiatives and projected dispositions.

Factors that could cause actual results to materially differ from those contained in the forward-looking statements include, without limitation, national and local economic and business conditions, including the impact of COVID-19 on occupancy rates at DiamondRock Hospitality Company's (the "Company") hotels and the demand for hotel products and services, and those risks and uncertainties discussed in the most recent Annual Report on Form 10-K, which the Company has filed with the Securities and Exchange Commission, and in our other public filings which you should carefully review. The forward-looking statements made are based on our beliefs, assumptions and expectations of future performance, taking into account all information currently available to the Company. Actual results could differ materially from the forward-looking statements made in this presentation. The forward-looking statements made in this presentation are subject to the safe harbor of the Private Securities Litigation Reform Act of 1995.

Any forward-looking statement speaks only as of the date on which it is made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this presentation is as of the date of this presentation, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

This presentation contains statistics and other data that has been obtained or compiled from information made available by third- party service providers and believed to be reliable, but the accuracy and completeness of the information is not assured. The Company has not independently verified any such information.

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KEY HIGHLIGHTS

RECORD TOTAL REVENUES1 EXCEEDING $1B+ IN 2022

• Full-YearRevPAR Growth of 51.8% and 5.0% compared to 2021 and 2019, respectively

LIFESTYLE/RESORTS CONTINUE TO OUTPERFORM 2019 IN Q4

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ADR Growth of 32.9% vs. Q4 2019 RevPAR growth of 18.1% vs. Q4 2019 Occupancy 8.1 percentage points below 2019

POSITIVE TRENDS CONTINUE IN URBAN GATEWAY HOTELS IN Q4 WITH ROOM FOR GROWTH

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ADR growth of 8.6% vs. Q4 2019

RevPAR growth of (2.3%) vs. Q4 2019 - Smallest gap vs. 2019 since early-2020 Occupancy 7.7 percentage points below 2019

(1) FY 2022 Total Revenues represents period of ownership for all hotels. For comparable results of RevPAR, ADR, and Occupancy, Lake Austin and Kimpton Fort Lauderdale are excluded.

MARGARITAVILLE BEACH HOUSE KEY WEST	3

2022 MONTHLY OPERATING RESULTS

CONTINUED OUTPERFORMANCE IN Q4

2022 COMPARABLE OPERATING RESULTS(1)

			Occ (%)	ADR ($)	RevPAR ($)		RevPAR B/(W)	Revenue	Revenue B/(W)
				2019	($000s)	2019
		Q1	55.8%	279.09	155.76			(3.5%)	197,263	(4.4%)
		Q2	74.9%	297.36	222.70			6.9%	279,445	7.4%
		Q3	75.1%	281.36	211.40			8.7%	266,952	11.7%
		Q4(2)	67.3%	288.65	193.58			6.1%	250,188	8.5%
		FY 2022	68.3%	287.46	196.02			5.0%	993,829	6.2%
		Oct(2)	74.8%	306.32	229.24			6.7%	99,005	8.0%
		Nov(2)	66.6%	270.81	180.29			5.0%	77,354	7.1%
		Dec(2)	60.6%	281.66	170.62			6.2%	73,809	10.7%
				Q4(2) REVPAR VS PREVIOUS YEARS
											+42.9%
		+19.1%		+18.1%
			+6.1%		-0.8%				-2.3%
			PORTFOLIO		RESORT/LIFESTYLE	URBAN
							vs 2021		vs 2019
(1) Comparable operating information excludes the Kimpton Fort Lauderdale Beach Resort (not operating in 2019) and the recently acquired Lake Austin Spa Resort
(2)	Preliminary results										4
(3)	"Resort/Lifestyle" refers to Luxury Resort, Lifestyle Resort, and Urban Lifestyle hotels

(4) "Urban" refers to Urban Gateway hotels

DIAMONDROCK AT A GLANCE

DIVERSIFIED GEOGRAPHY	PORTFOLIO
9,607 ROOMS	MAP

35 PROPERTIES

24 GEOGRAPHIC

MARKETS

BALANCE SHEET						DIVERSIFIED	URBAN LIFESTYLE,
SUMMARY	PRO FORMA Q3 2022				PORTFOLIO	15%
Total Debt1		$1.2B				% OF EBITDA
Net Debt1 to LTM EBITDA2	4.2X				LIFESTYLE RESORTS,
Total Debt1 to				14%
	31%					URBAN GATEWAY,
Undepreciated Assets2
							53%
% Fixed Rate3		56%				LUXURY RESORTS,
(1) As presented in the September 28, 2022 press release.		18%
(2) As of end of Q3'22
(3) Includes debt and perpetual preferred capital.
Note: 2021A results used for Henderson Beach Resort and Lake Austin Spa Resort, 2022 Forecast used for Kimpton Goodland, 2019A results used for all other hotels.	5