DiamondRock Hospitality Co. said its properties incurred minimal damage and construction delays because of Hurricane Dorian.
The Frenchman's Reef & Morning Star Beach Resort in the U.S. Virgin Islands suffered very minor physical damage and a one-week delay to its construction schedule. The property has been closed since late 2017 and is slated to reopen in the second half of 2020.
The Renaissance Charleston Historic District in Charleston, S.C., which closed Sept. 2 after a mandatory evacuation order and reopened Sept. 7, experienced minor water intrusion from wind-driven rain.
The hotel real estate investment trust said the Westin Fort Lauderdale Beach Resort in Florida did not suffer any physical damage and remained operational during the storm. The company's Havana Cabana Key West and Sheraton Suites Key West properties, also in Florida, were not in the path of the storm and remained open throughout.
The REIT expects the storm-related earnings disruption to be less than $1 million in hotel adjusted EBITDA for the portfolio.
