UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                           CURRENT REPORT PURSUANT TO
                           SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                   Date of Report (Date of earliest reported):

                                October 20, 2005


                         DiamondRock Hospitality Company
--------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)


          Maryland                     001-32514                 20-1180098
--------------------------------------------------------------------------------
(State or Other Jurisdiction          (Commission              (IRS Employer
      of Incorporation)               File Number)           Identification No.)


                         6903 Rockledge Drive, Suite 800
                               Bethesda, MD 20817
               (Address of Principal Executive Offices) (Zip Code)


                         10400 Fernwood Road, Suite 300
                               Bethesda, MD 20817
        (Former Address of Principal Executive Offices)(Former Zip Code)


                                 (240) 744-1150
              (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities 
Act(17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange 
Act (17 CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))



<PAGE>



ITEM 2.02.  Results of Operations and Financial Condition.

The information in this Current Report on Form 8-K is furnished under Item 2.02
- "Results of Operations and Financial Condition." Such information, including
the exhibits attached hereto, shall not be deemed to be "filed" for any purpose,
including for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), or otherwise subject to the liabilities of that
Section. The information in this Current Report on Form 8-K shall not be deemed
incorporated by reference into any filing under the Securities Act of 1933, as
amended, or the Exchange Act regardless of any general incorporation language in
such filing.

On October 20, 2005, DiamondRock Hospitality Company (the "Company") issued a
press release announcing its financial results for the third quarter ended
September 9, 2005. That press release referred to certain supplemental
information that is available on the Company's website. The press release and
the text of the supplemental information are attached hereto as Exhibits 99.1
and 99.2, respectively, and are incorporated by reference herein.


ITEM 9.01.  Financial Statements and Exhibits.

      (c) Exhibits.

See Index to Exhibits attached hereto.



<PAGE>



                                    SIGNATURE


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                         DIAMONDROCK HOSPITALITY COMPANY


Date:  October 20, 2005                  By: /s/ Michael D. Schecter
                                             -----------------------------------
                                             Michael D. Schecter
                                             General Counsel and Secretary



<PAGE>



                                  EXHIBIT INDEX


Exhibit No.           Description
-----------           -----------

99.1                  Press release dated October 20, 2005

99.2                  DiamondRock Hospitality Company - Supplemental Operating 
                      and Financial Data for the quarter ended September 9, 2005








                                                                    Exhibit 99.1

                DiamondRock Hospitality Company Reports
             Results of Operations for Third Quarter 2005

    BETHESDA, Md.--(BUSINESS WIRE)--Oct. 20, 2005--DiamondRock
Hospitality Company (the "Company") (NYSE: DRH) today announced
results of operations for the third quarter ended September 9, 2005.
DiamondRock Hospitality Company is a self-advised real estate
investment trust (REIT) that is an owner and acquirer of upper upscale
and upscale hotel properties located primarily in North America. To a
lesser extent, it may invest, on a selective basis, in premium
limited-service and extended-stay hotel properties in urban locations.

    Highlights

    --  Increased same-store revenue per available room ("RevPAR") by
        8.25 percent from $96.34 to $104.29 over the comparable period
        in 2004 for the twelve hotels addressed in prior guidance.

    --  Quarterly adjusted earnings before interest expense, income
        taxes, depreciation and amortization ("Adjusted EBITDA") of
        $13.8 million.

    --  Quarterly Funds from Operations ("FFO") per diluted share of
        $0.19 and quarterly Adjusted FFO per diluted share of $0.22.

    --  Quarterly net income of $2.2 million, or $0.04 per diluted
        share.

    --  Declared dividend of $0.1725 per share.

    --  Acquired seven hotels for an aggregate contractual purchase
        price
 of $475.1 million.

    --  Obtained long-term, fixed-rate debt on three hotels for a
        total of $202.5 million in proceeds at a weighted average
        interest rate of 5.4 percent.

    --  Secured a $75 million line of credit.

    Operating Results

    Please see "Certain Definitions" and "Non-GAAP Financial Measures"
attached to this press release for an explanation of the terms "twelve
hotels", "fourteen hotels", "EBITDA", "Adjusted EBITDA", "Hotel
Adjusted EBITDA", "FFO" and "Adjusted FFO". Moreover, the discussions
of RevPAR, Adjusted EBITDA margin and Hotel Adjusted EBITDA margin
assume that the acquired hotels were owned by the Company for the
entire reporting periods of 2005 and 2004.

    Third Quarter Results

    For the fiscal quarter ended September 9, 2005, the Company's
total revenue was $65.4 million; net income totaled $2.2 million
($0.04 per diluted share), and Adjusted EBITDA was $13.8 million.
Additionally, the Company reported FFO of $9.6 million ($0.19 per
diluted share) and Adjusted FFO of $11.3 million ($0.22 per diluted
share) for the third quarter. FFO and Adjusted FFO include the impact
of a $1.7 million tax benefit recorded on the pre-tax net loss
generated by our taxable REIT subsidiary.
    RevPAR for our twelve hotels increased 8.25 percent to $104.29
compared to a RevPAR of $96.34 in the same period in the prior year,
driven by a 7 percent increase in the average daily rate and a 0.9
percentage point increase in occupancy. Due to a major renovation that
we completed during the quarter, approximately one third of the
Courtyard New York/Manhattan Fifth Avenue hotel's rooms were out of
service during the third quarter and have been excluded from the
calculation of RevPAR. Our prior guidance did not include adjustment
for the out of service rooms; if we had included such rooms in our
calculations for the third quarter, the RevPAR growth for our twelve
hotels was 7.1%.
    Hotel Adjusted EBITDA margins for our twelve hotels increased 1.26
percentage points to 22.34 percent compared to the same period in the
prior year. Hotel Adjusted EBITDA margins were affected by a major
renovation during the quarter at the Courtyard New York/Manhattan
Fifth Avenue. Excluding this hotel, Hotel Adjusted EBITDA margin
increased 1.74 percentage points to 22.94 percent.
    William W. McCarten, chief executive officer, stated, "The third
quarter results indicate that our portfolio of high quality hotels
continues to benefit from the lodging recovery and our unique and
preferential sourcing relationship with Marriott International.
Operating performance met our expectations during a quarter in which
we also completed the acquisition of seven hotels, more than doubling
our Company's size. We also completed our first major hotel
renovation, finishing the extensive Courtyard New York/Manhattan Fifth
Avenue rooms renovation on budget and in time for the seasonally
strong fourth quarter."

    Year to Date Results

    For the period from January 1, 2005 to September 9, 2005, the
Company reported:

    --  RevPAR increased 10.4 percent to $110.07 for our twelve hotels
        compared to a RevPAR of $99.72 during the same period in the
        prior year, driven by an 8.8 percent increase in average daily
        room rate and a 1.1 percentage point increase in occupancy.

    --  Hotel Adjusted EBITDA margins increased 2.3 percentage points
        to 26.4 percent for our twelve hotels compared to the same
        period in the prior year.

    --  Total revenues were $125.3 million.

    --  Net loss was $8.9 million, or $(0.27) per diluted share.

    --  Adjusted EBITDA was $25.3 million.

    --  FFO and Adjusted FFO were $7.2 million and $15.8 million,
        respectively.

    Recent Acquisitions

    The Company completed several hotel acquisitions during the
quarter as follows:

    --  A portfolio of four hotels, including the Marriott Los Angeles
        Airport Hotel, the Worthington Renaissance Hotel (Fort Worth),
        the Atlanta Alpharetta Marriott Hotel, and the Marriott
        Frenchman's Reef & Morning Star Resort (St. Thomas, USVI) for
        a contractual purchase price of $315.0 million.

    --  The Vail Marriott Mountain Resort and Spa for the contractual
        purchase price of $62.0 million.

    --  The Buckhead SpringHill Suites by Marriott in the Buckhead
        area of Atlanta, Georgia for a contractual purchase price of
        $34.1 million.

    --  The Oak Brook Hills Resort & Conference Center in Oak Brook,
        Illinois for a contractual purchase price of $64.0 million.
        This hotel was rebranded as the Oak Brook Hills Marriott
        Resort.

    Capital Projects

    During the third quarter we substantially completed the brand
conversion and renovation project at the Courtyard New York/Manhattan
Fifth Avenue for an estimated cost of $6.1 million. The renovation
included complete rooms and bathroom renovation, as well as a
renovation of the common areas, and the construction of a new fitness
facility.
    During the fourth quarter, we have begun a major renovation of the
Torrance Marriott, which will include a renovation of the rooms and
public spaces. At the Los Angeles Airport Marriott, we are commencing
the renovation of the ballrooms. At the Frenchman's Reef & Morning
Star Resort, we are completing a substantial renovation of the rooms.
    In the first quarter of 2006, we plan to complete the renovation
of the Torrance Marriott as well as renovate the rooms at the
Courtyard Midtown East and the Bethesda Marriott Suites. The
renovation of the Oak Brook Hills Marriott Resort will begin in 2006.

    Balance Sheet & Recent Financings

    As of September 9, 2005, the Company had total assets of $890.9
million, including $33.0 million of restricted cash dedicated to
capital improvements at the hotels. Moreover, the Company had $366
million of total debt. Over 90 percent of the debt is long-term,
fixed-rate, single property limited recourse mortgage debt. The debt
bears interest at a weighted average interest rate of 5.5 percent.
    The Company obtained long-term, fixed rate, single property debt
secured by the Marriott Los Angeles Airport, the Worthington
Renaissance Hotel and the Marriott Frenchman's Reef & Morning Star
Resort. The loan on the Marriott Los Angeles Airport Hotel has a
principal balance of $82.6 million, a term of 10 years, bears interest
at 5.30 percent, and is interest only for the entire term. The loan on
the Worthington Renaissance Hotel has a principal balance of $57.4
million, a term of 10 years, bears interest at 5.40 percent, and is
interest only for the first four years and then amortizes on a 30-year
schedule. The loan on the Marriott Frenchman's Reef & Morning Star
Resort has a principal balance of $62.5 million, a term of 10 years,
bears interest at 5.44 percent, and is interest only for the first
three years and then amortizes on a 30-year schedule.
    On July 8, 2005, the Company consummated its senior secured
revolving credit facility. The facility has a three-year term and a
$75.0 million limit, with an ability to increase the facility up to
$250 million with lender approval. As long as the Company maintains a
debt-to-asset value of less than 65 percent, outstanding funds on the
credit facility will bear interest at LIBOR plus 1.45 percent.
Wachovia Bank, Citigroup North America, and Bank of America
participated in the credit facility. At the end of the third quarter,
the Company had $5.0 million drawn under this credit facility and
$70.0 million available.

    Outlook

    The Company is providing guidance, but does not undertake to
update it for any developments in its business. Achievement of the
anticipated results is subject to the risks disclosed in the Company's
filings with the Securities and Exchange Commission. The guidance
below on margins and RevPAR includes the meaningful negative impact
from the renovations of the Courtyard New York/Manhattan Fifth Avenue
in the third quarter and the Torrance and LAX Marriott Hotels in the
fourth quarter. Furthermore, the RevPAR and Hotel Adjusted EBITDA
margin guidance are pro forma as they assume that the acquired hotels
were owned by the Company for the entire reporting periods of 2005 and
2004.

    For the full year 2005 the Company expects:

    --  Pro forma RevPAR for the twelve hotels to increase in the
        range of 9.0 to 10.0 percent.

    --  Pro forma Hotel Adjusted EBITDA margins for the twelve hotels
        should increase by approximately 2.10 to 2.30 percentage
        points.

    --  Actual Adjusted EBITDA for the Company should be between $44
        million and $46 million.

    --  Actual FFO for the Company will be between $17.5 million and
        $19.5 million and actual Adjusted FFO for the Company will be
        between $28.4 million and $30.4 million.

    The Company has just begun its budget process for 2006 and is not
in a position to provide formal guidance. However, based on initial
discussions with our operators, the Company expects 2006 same store
RevPAR to increase 7 to 9 percent.

    Comparative Results and Guidance

    The following table reflects our prior guidance for the third
quarter compared to our actual results:


                                        Guidance      Actual Results
----------------------------------------------------------------------
RevPAR Growth (1)                        6% - 8%         8.25% (2)
----------------------------------------------------------------------
Adjusted EBITDA                       $12M - $14M         $13.8M
----------------------------------------------------------------------
FFO                                  $5.4M - $7.4M       $9.6M(3)
----------------------------------------------------------------------
Adjusted FFO                         $7.0M - $9.0M       $11.3M(3)
----------------------------------------------------------------------

(1) Represents pro forma RevPAR growth for the twelve hotels
    (excluding the Oak Brook Hills Marriott and Buckhead SpringHill
    Suites).
(2) On a comparable basis (including the unavailable rooms at
    Courtyard Manhattan/New York Fifth Avenue), RevPAR growth was
    7.1%.
(3) Includes a $1.7 million tax benefit recorded by our taxable REIT
    subsidiary

The following table reflects our prior guidance for the full year
compared to our new guidance for the full year:



                                   Prior Guidance      New Guidance
----------------------------------------------------------------------
RevPAR Growth (1)                     8% - 10%            9%-10%
----------------------------------------------------------------------
Improvement in Hotel Adjusted
 EBITDA Margins (1)               210 bps - 230 bps  210 bps - 230 bps
----------------------------------------------------------------------
Adjusted EBITDA                     $43M - $46M        $44M - $46M
----------------------------------------------------------------------
FFO                               $13.5M - $16.5M    $17.5M - $19.5M
----------------------------------------------------------------------
Adjusted FFO                       $24.1M-$27.1M     $28.4M - $30.4M
----------------------------------------------------------------------

(1) Represents pro forma RevPAR growth and Hotel Adjusted EBITDA
    Margin growth for the twelve hotels (excluding the Oak Brook Hills
    Marriott and Buckhead SpringHill Suites).



    Ground Leases

    Several hotels owned by the Company are subject to ground leases.
These include Bethesda Suites Marriott, Courtyard New York Fifth
Avenue, Salt Lake City Downtown Marriott, Griffin Gate Marriott Resort
and Oak Brook Hills Marriott Resort. In the third quarter, the
contractual cash rent payable on the ground leases totaled $417,000.
In accordance with GAAP, the Company records rent expense on a
straight-line basis for ground leases that provide minimal rental
payments that increase in pre-established amounts over the remaining
term of the ground lease. In addition, the Company recorded a $12.3
million favorable lease asset in conjunction with the acquisition of
the Oak Brook Hills Marriott Resort that will be amortized over the
20.5 year period until lease rental payments are adjusted to market.
The Company recorded approximately $71,000 of non-cash ground rent
expense during the third quarter related to the amortization of the
favorable lease asset. In total, the Company recorded approximately
$2.1 million in ground rent expense for the third quarter. The
non-cash portion of ground rent expense recorded during the third
quarter was $1.7 million.

    Dividend Update

    During the third quarter, the Company declared a dividend of
$0.1725 per share, payable to its common stockholders of record as of
September 9, 2005. The dividend was paid on September 27, 2005.

    Earnings Call

    The Company will host a conference call to discuss second quarter
results on Thursday, October 20, 2005, at 2:00 p.m. EST. To
participate in the live call, investors are invited to dial
1-866-831-6247 (for domestic callers) or 617-213-8856 (for
international callers). The participant passcode is 40960633. A live
webcast of the call will be available via the investor relations
section of DiamondRock Hospitality Company's website at www.drhc.com.
A replay of the webcast will also be archived on the website for 30
days.
    In addition, the Company has produced a supplemental package that
includes detailed financial information regarding the operating
results, which is available via the investor relations section of the
website at www.drhc.com.

    About the Company

    DiamondRock Hospitality Company is a self-advised real estate
investment trust (REIT) that is an owner and acquirer of upper upscale
and upscale hotel properties located primarily in North America. To a
lesser extent, it may invest, on a selective basis, in premium
limited-service and extended-stay hotel properties in urban locations.
As of September 9, 2005, the Company owns 14 hotels that comprise
5,633 rooms. The Company has a strategic acquisition sourcing
relationship with Marriott International. For further information,
please visit the Company's website at www.drhc.com.

    This press release contains forward-looking statements within the
meaning of federal securities laws and regulations. These forward
looking statements are identified by their use of terms and phrases
such as "anticipate," "believe," "could," "estimate," "expect,"
"intend," "may," "plan," "predict," "project," "should," "will,"
"continue" and other similar terms and phrases, including references
to assumptions and forecasts of future results. Forward- looking
statements are not guarantees of future performance and involve known
and unknown risks, uncertainties and other factors which may cause the
actual results to differ materially from those anticipated at the time
the forward- looking statements are made. These risks include, but are
not limited to: national and local economic and business conditions,
including the potential for additional terrorist attacks, that will
affect occupancy rates at our hotels and the demand for hotel products
and services; operating risks associated with the hotel business;
risks associated with the level of our indebtedness and our ability to
meet covenants in our debt agreements; relationships with property
managers; our ability to maintain our properties in a first-class
manner, including meeting capital expenditure requirements; our
ability to compete effectively in areas such as access, location,
quality of accommodations and room rate structures; changes in travel
patterns, taxes and government regulations which influence or
determine wages, prices, construction procedures and costs; our
ability to complete acquisitions; the performance of acquired
properties after they are acquired; necessary capital expenditures on
the acquired properties; and our ability to continue to satisfy
complex rules in order for us to qualify as a REIT for federal income
tax purposes; and other risks and uncertainties associated with our
business described in the Company's filings with the SEC. 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 release is as of October
20, 2005, 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.
    FFO per share, Adjusted EBITDA, and comparable Hotel Adjusted
EBITDA margins (discussed below) are non-GAAP financial measures
within the meaning of the rules of the Securities and Exchange
Commission (SEC). Included in the press release is a reconciliation of
such terms to net income.
    The Company has included in this press release for the comparable
period (quarter ended September 10, 2004) a pro forma income statement
that includes the effects of the initial public offering (as described
in the Company's prospectus dated May 25, 2005), acquisitions and
financings. The Company believes that this pro forma income statement
is useful to enhance the comparability of the third quarter of 2005
with prior periods.

    Reporting Periods for Statement of Operations

    The results we report in our consolidated statements of operations
are based on results of our hotels reported to us by our hotel
managers. Our hotel managers use different reporting periods. Marriott
International, the manager of the majority of the Company properties,
uses a fiscal year ending on the Friday closest to December 31 and
reports twelve weeks of operations for the first three quarters and
sixteen or seventeen weeks for the fourth quarter of the year for its
domestic managed hotels. In contrast, Marriott for its non-domestic
hotels (including Frenchman's Reef) and Vail Resorts, our manager of
the Vail Marriott, report results on a monthly basis. Additionally,
the Company, as a REIT, is required by tax laws to report results on a
calendar year. As a result, the Company has adopted the reporting
periods used by Marriott International for its domestic hotels, except
that the fiscal year always ends on December 31 to comply with REIT
rules. The first three fiscal quarters end on the same day as Marriott
International's fiscal quarters but our fourth quarter ends on
December 31 and our full year results, as reported in our statement of
operations, always includes the same number of days as the calendar
year.
    Two consequences of the reporting cycle we have adopted are: (1)
quarterly start dates will usually differ between years, except for
the first quarter which always commences on January 1, and (2) our
first and fourth quarters of operations and year-to-date operations
may not include the same number of days as reflected in prior years.
    While the reporting calendar we adopted is more closely aligned
with the reporting calendar used by the manager of a majority of our
properties, one final consequence of our calendar is we are unable to
report any results for Frenchman's Reef or for the Vail Marriott for
the month of operations that ends after our fiscal quarter-end because
neither Vail Resorts nor Marriott International make mid- month
results available to us. As a result, our quarterly results of
operations include results from Frenchman's Reef and the Vail Marriott
as follows: first quarter (January, February), second quarter (March
to May), third quarter (June to August) and fourth quarter (September
to December). While this does not affect full-year results, it does
affect the reporting of quarterly results.

    Reporting Periods for Hotel Operating Statistics and Comparable
Hotel Results

    In contrast to the reporting periods for our consolidated
statement of operations, our hotel operating statistics (i.e., RevPAR,
average daily rate and average occupancy) and our comparable hotel
results are always reported based on the reporting cycle used by
Marriott International for our Marriott- managed hotel(s). This
facilitates year-to-year comparisons, as each reporting period will be
comprised of the same number of days of operations as in the prior
year (except in the case of fourth quarters comprised of seventeen
weeks versus sixteen weeks). This means, however, that the reporting
periods we use for hotel operating statistics and our comparable
hotels results may differ slightly from the reporting periods used for
our statements of operations for the first and fourth quarters and the
full year. Results from hotel managers reporting on a monthly basis
are included in our operating statistics and comparable hotel results
consistent with their reporting in our consolidated statement of
operations for the hotel operating statistics and comparable hotel
results reported herein.


                    DIAMONDROCK HOSPITALITY COMPANY

            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    For the Fiscal Quarter Ended September 9, 2005, the Period from
  January 1, 2005 to September 9, 2005, and the Fiscal Quarter Ended
   September 10, 2004 and Period from May 6, 2004 (Incorporation) to
                          September 10, 2004

                                                       Fiscal Quarter
                                                       Ended September
                                                       10, 2004 and
                             Fiscal      Period from   Period from
                             Quarter     January 1,    May 6, 2004
                             Ended       2005 to       (Incorporation)
                           September 9,  September 9, to September 10,
                               2005          2005           2004
                           ------------ ------------------------------
                           (Unaudited)   (Unaudited)    (Unaudited)

Rooms                      $43,007,699   $85,509,567     $          -
Food and beverage           17,607,225    31,812,477                -
Other                        4,792,077     7,949,454                -
                           ------------ ------------------------------

Total revenues              65,407,001   125,271,498                -
                           ------------ ------------------------------


Operating Expenses:

Rooms                       10,853,919    21,439,976                -
Food and beverage           13,658,368    24,420,522                -
Management fees              2,171,128     4,280,139                -
Other hotel expenses        24,887,133    49,247,846                -
Depreciation and
 amortization                7,369,396    16,072,526            9,168
Corporate expenses           2,452,887    10,399,626        1,715,699
                           ------------ ------------------------------

Total operating expenses    61,392,831   125,860,635        1,724,867
                           ------------ ------------------------------

Operating profit (loss)      4,014,170      (589,137)      (1,724,867)
                           ------------ ------------------------------


Other Expenses (Income):

Interest income               (654,201)   (1,215,028)        (452,300)
Interest expense             4,156,249    10,640,988                -
                           ------------ ------------------------------

Total other
 expenses/(income)           3,502,048     9,425,960         (452,300)
                           ------------ ------------------------------


Income (loss) before
 income taxes                  512,122   (10,015,097)      (1,272,567)

Income tax benefit           1,684,346     1,125,499          552,294
                           ------------ ------------------------------

Net income (loss)           $2,196,468   $(8,889,598)    $   (720,273)
                           ============ ==============================

Earnings (loss) per share:
 Basic and diluted               $0.04        $(0.27)    $      (0.05)
                           ============ ==============================




                    DIAMONDROCK HOSPITALITY COMPANY

                 CONDENSED CONSOLIDATED BALANCE SHEETS
                September 9, 2005 and December 31, 2004


                  ASSETS
                                            September 9,  December 31,
                                                2005          2004
                                            ------------  ------------
                                            (Unaudited)

Property and equipment, at cost            $811,084,017  $286,727,306
Less: accumulated depreciation              (17,300,783)   (1,084,867)
                                            ------------  ------------

                                            793,783,234   285,642,439

Deferred financing costs, net                 2,925,759     1,344,378
Restricted cash                              33,035,939    17,482,515
Due from hotel managers                      34,543,143     2,626,262
Favorable lease asset, net                   12,214,838             -
Purchase deposits and pre-acquisition
 costs                                                -     3,272,219
Prepaid and other assets                      4,464,554     4,340,259
Cash and cash equivalents                     9,968,037    76,983,107
                                            ------------  ------------

 Total assets                              $890,935,504  $391,691,179
                                            ============  ============

   LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities:

Debt, at face amount                       $363,181,035  $177,827,573
Debt premium                                  2,832,142     2,944,237
                                            ------------  ------------

Total debt                                  366,013,177   180,771,810

Deferred income related to key money, net     6,383,518     2,490,385
Unfavorable lease liability, net              5,426,955     5,776,946
Due to hotel managers                        21,649,144     3,985,795
Dividends declared and unpaid                 8,893,732             -
Accounts payable and accrued expenses        12,270,323     3,078,825
                                            ------------  ------------

 Total other liabilities                     54,623,672    15,331,951
                                            ------------  ------------

Shareholders' Equity:

Preferred stock, $.01 par value;
 10,000,000 shares authorized; no shares
 issued and outstanding                               -             -

Common stock, $.01 par value; 100,000,000
 shares authorized; 50,819,864 and
 21,020,100 shares issued and outstanding
 at September 9, 2005 and December 31,
 2004, respectively                             508,199       210,201
Additional paid-in capital                  491,450,709   197,494,842
Accumulated deficit                         (21,660,253)   (2,117,625)
                                            ------------  ------------

 Total shareholders' equity                 470,298,655   195,587,418
                                            ------------  ------------

 Total liabilities and shareholders'
  equity                                   $890,935,504  $391,691,179
                                            ============  ============



                    DIAMONDROCK HOSPITALITY COMPANY

            CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
   For the Period from January 1, 2005 to September 9, 2005 and the
     Period from May 6, 2004 (Incorporation) to September 10, 2004

                                                        Period from
                                        Period from     May 6, 2004
                                      January 1, 2005  (Incorporation)
                                       to September     to September
                                          9, 2005         10, 2004
                                        (Unaudited)     (Unaudited)
                                       -------------------------------

Cash flows from operating activities:
 Net loss                             $   (8,889,598) $      (720,273)
 Adjustments to reconcile net loss to
  net cash provided by (used in)
  operating activities:

  Real estate depreciation                16,072,526            9,167
  Corporate asset depreciation as
   corporate expenses                         75,166
  Non-cash straight line ground rent       4,839,677                -
  Non-cash financing costs as
   interest                                1,100,820                -
  Market value adjustment to interest
   rate caps                                 (11,402)               -
  Amortization of favorable lease
   asset                                      70,601                -
  Amortization of debt premium and
   unfavorable lease liability              (209,835)               -
  Amortization of deferred income           (106,867)               -
  Stock-based compensation                 5,582,077          645,000
  Income tax benefit                      (1,125,499)        (552,294)
 Changes in assets and liabilities:
  Prepaid expenses and other assets        1,012,604         (204,170)
  Due to/from hotel managers             (11,837,240)               -
    Accounts payable and accrued
     expenses                              4,069,073          388,914
                                       -------------------------------

 Net cash provided by (used in)
  operating activities                    10,642,103         (433,656)
                                       -------------------------------


Cash flows from investing activities:
 Hotel acquisitions                     (530,905,343)         (81,302)
 Hotel capital expenditures               (9,646,244)               -
 Receipt of deferred key money             4,000,000                -
 Cash paid for restricted cash at
  acquisition                            (17,740,652)               -
 Purchase deposits and pre-
  acquisition costs                                -       (1,096,221)
                                       -------------------------------

 Net cash used in investing
  activities                            (554,292,239)      (1,177,523)
                                       -------------------------------


Cash flows from financing activities:
 Proceeds from mortgage debt             246,500,000                -
 Draws on senior secured credit
  facility                                 5,000,000                -
 Repayments of mortgage debt             (56,948,685)               -
 Scheduled mortgage debt principal
  payments                                (2,146,538)               -
 Payment of financing costs               (2,682,201)               -
 Proceeds from sale of common stock      291,799,785      197,376,548
 Payment of dividends                     (1,680,656)               -
 Payment of costs related to sale of
  common stock                            (3,206,639)      (1,028,588)
                                       -------------------------------

 Net cash provided by financing
  activities                             476,635,066      196,347,960
                                       -------------------------------


The accompanying notes are an integral part of these condensed
consolidated financial statements.



                    DIAMONDROCK HOSPITALITY COMPANY

      CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

   For the Period from January 1, 2005 to September 9, 2005 and the
     Period from May 6, 2004 (Incorporation) to September 10, 2004



                                                        Period from
                                        Period from     May 6, 2004
                                     January 1, 2005   (Incorporation)
                                      to September 9,   to September
                                            2005          10, 2004
                                      --------------------------------
Net (decrease) increase in cash and
 cash equivalents                         (67,015,070)    194,736,781
Cash and cash equivalents, beginning
 of period                                 76,983,107               -
                                      --------------------------------

Cash and cash equivalents, end of
 period                              $      9,968,037 $   194,736,781
                                      ================================


Supplemental Disclosure of Cash Flow
 Information:

Cash paid for interest               $      9,283,715 $             -
                                      ================================

Cash paid for income taxes           $      1,114,363 $             -
                                      ================================


Non-Cash Investing and Financing
 Activities:

Repayments of mortgage debt with
 restricted cash                     $      7,051,315 $             -
                                      ================================



    Non-GAAP Financial Measures

    We use the following four non-GAAP financial measures that we
believe are useful to investors as key measures of our operating
performance: (1) EBITDA (2) Adjusted EBITDA, (3) FFO and (4) Adjusted
FFO.

    EBITDA represents net income (loss) excluding: (1) interest
expense; (2) provision for income taxes, including income taxes
applicable to sale of assets; and (3) depreciation and amortization.
We believe EBITDA is useful to an investor in evaluating our operating
performance because it helps investors evaluate and compare the
results of our operations from period to period by removing the impact
of our capital structure (primarily interest expense) and our asset
base (primarily depreciation and amortization) from our operating
results. We also use EBITDA as one measure in determining the value of
hotel acquisitions and dispositions.



                                              Historical
                                --------------------------------------
                                      Fiscal             Period from
                                   Quarter Ended    January 1, 2005 to
                                 September 9, 2005   September 9, 2005
                                ------------------- ------------------

Net income (loss)               $        2,196,468  $      (8,889,598)

Interest expense                         4,156,249         10,640,988
Income tax benefit                      (1,684,346)        (1,125,499)
Depreciation and amortization            7,369,396         16,072,526
                                ------------------- ------------------

EBITDA                          $       12,037,767  $      16,698,417
                                 ================== ==================

                                       Forecast Full Year 2005
                                --------------------------------------
                                      Low End              High End
                                ------------------- ------------------

Net loss                        $      (10,336,250) $      (8,336,250)

Interest expense                        17,400,000         17,400,000
Income tax benefit                      (1,750,000)        (1,750,000)
Depreciation and amortization           27,800,000         27,800,000
                                ------------------- ------------------

EBITDA                          $       33,113,750  $      35,113,750
                                 ================== ==================



    Management also evaluates our performance by reviewing Adjusted
EBITDA because the Company believes that the exclusion of certain
additional recurring and non-recurring items described below provides
useful supplemental information regarding our ongoing operating
performance and that the presentation of Adjusted EBITDA, when
combined with the primary GAAP presentation of net income, is
beneficial to a complete understanding of our operating performance.
We adjust EBITDA for the following items, which may occur in any
period, and refer to this measure as Adjusted EBITDA:

    --  Non-Cash Ground Rent: We exclude the non-cash expense incurred
        from straight lining the rent from our ground lease
        obligations and the non-cash amortization of our favorable
        lease asset.

    --  The impact of fully vested irrevocable commitments to issue
        382,500 shares of stock to our five senior executive officers
        made in connection with the initial public offering and
        expensed in the second quarter. These were grants and do not
        reflect the underlying performance of the Company.

    --  Cumulative effect of a change in accounting principle --
        Infrequently, the Financial Accounting Standards Board (FASB)
        promulgates new accounting standards that require the
        consolidated statement of operations to reflect the cumulative
        effect of a change in accounting principle. We exclude these
        one-time adjustments because they do not reflect our actual
        performance for that period.

    --  Impairment Losses -- We exclude the effect of impairment
        losses recorded because we believe that including them in
        EBITDA is not consistent with reflecting the ongoing
        performance of our remaining assets. In addition, we believe
        that impairment charges are similar to gains (losses) on
        dispositions and depreciation expense, both of which are also
        excluded from EBITDA.




                                              Historical
                                --------------------------------------
                                      Fiscal           Period from
                                   Quarter Ended    January 1, 2005 to
                                 September 9, 2005   September 9, 2005
                                ------------------- ------------------

EBITDA                          $       12,037,767  $      16,698,417

Non-cash ground rent                     1,730,168          4,910,278
Initial public offering stock
 grants                                         --          3,736,250
                                 ------------------  -----------------

Adjusted EBITDA                 $       13,767,935  $      25,344,945
                                 ==================  =================


                                       Forecast Full Year 2005
                                --------------------------------------
                                      Low End            High End
                                ------------------- ------------------

EBITDA                          $       33,113,750  $      35,113,750

Non-cash ground rent                     7,150,000          7,150,000
Initial public offering stock
 grants                                  3,736,250          3,736,250
                                 ------------------  -----------------


Adjusted EBITDA                 $       44,000,000  $      46,000,000
                                 ==================  =================


    We compute FFO in accordance with standards established by NAREIT,
which defines FFO as net income (loss) (determined in accordance with
GAAP), excluding gains (losses) from sales of property, plus
depreciation and amortization and after adjustments for unconsolidated
partnerships and joint ventures (which are calculated to reflect FFO
on the same basis). We believe that the presentation of FFO provides
useful information to investors regarding our operating performance
because it is a measure of our operations without regard to specified
non-cash items, such as real estate depreciation and amortization and
gain or loss on sale of assets. We also use FFO as one measure in
determining our results after taking into account the impact of our
capital structure.



                                              Historical
                                --------------------------------------
                                  Fiscal Quarter       Period from
                                      Ended        January 1, 2005 to
                                September 9, 2005   September 9, 2005
                                ------------------ -------------------
Net income (loss)               $       2,196,468  $       (8,889,598)
Real estate related
 depreciation and amortization          7,369,396          16,072,526
                                 -----------------  ------------------

FFO                             $       9,565,864  $        7,182,928
                                 =================  ==================
FFO per Share (Basic and
 Diluted)                       $            0.19  $             0.21
                                 =================  ==================


                                       Forecast Full Year 2005
                                --------------------------------------
                                      Low End            High End
                                ------------------ -------------------
Net loss                        $      (10,336,250) $      (8,336,250)
Real estate related
 depreciation and amortization          27,800,000         27,800,000
                                 ------------------  -----------------

FFO                             $       17,463,750  $      19,463,750
                                 ==================  =================


    Management also evaluates our performance by reviewing Adjusted
FFO because the Company believes that the exclusion of certain
additional recurring and non-recurring items described below provides
useful supplemental information regarding our ongoing operating
performance and that the presentation of Adjusted FFO, when combined
with the primary GAAP presentation of net income, is beneficial to a
complete understanding of our operating performance. We adjust FFO for
the following items, which may occur in any period, and refer to this
measure as Adjusted FFO:

    --  Non-Cash Ground Rent: We exclude the non-cash expense incurred
        from straight lining the rent from our ground lease
        obligations and the non-cash amortization of our favorable
        lease asset.

    --  The impact of fully vested irrevocable commitments to issue
        382,500 shares of stock to our five senior executive officers
        made in connection with the initial public offering and
        expensed in the second quarter. The impact of these grants do
        not reflect the underlying performance of the Company.

    --  Cumulative effect of a change in accounting principle --
        Infrequently, the Financial Accounting Standards Board (FASB)
        promulgates new accounting standards that require the
        consolidated statement of operations to reflect the cumulative
        effect of a change in accounting principle. We exclude these
        one-time adjustments because they do not reflect our actual
        performance for that period.

    --  Impairment Losses -- We exclude the effect of impairment
        losses recorded because we believe that including them in
        EBITDA is not consistent with reflecting the ongoing
        performance of our remaining assets. In addition, we believe
        that impairment charges are similar to gains (losses) on
        dispositions and depreciation expense, both of which are also
        excluded from EBITDA.




                                             Historical
                               ---------------------------------------
                                     Fiscal            Period from
                                  Quarter Ended    January 1, 2005 to
                               September 9 , 2005   September 9 , 2005
                               ------------------- -------------------

FFO                            $        9,565,864  $        7,182,928

Non-cash ground rent                    1,730,168           4,910,278
Initial public offering stock
 grants                                        --           3,736,250
                                ------------------  ------------------


Adjusted FFO                   $       11,296,032  $       15,829,456
                                ==================  ==================

Adjusted FFO per Share (Basic
 and Diluted)                  $             0.22  $             0.47
                                ==================  ==================


                                       Forecast Full Year 2005
                                --------------------------------------
                                      Low End            High End
                                 ------------------  -----------------

FFO                             $       17,463,750  $      19,463,750

Non-cash ground rent                     7,150,000          7,150,000
Initial public offering stock
 grants                                  3,736,250          3,736,250
                                 ------------------  -----------------


Adjusted FFO                    $       28,350,000  $      30,350,000
                                 ==================  =================



    Certain Definitions

    In this supplemental, when we discuss the "twelve hotels" we are
discussing all of our hotels except SpringHill Suites Buckhead
(Atlanta) and the Oak Brook Hills Marriott Resort and when we discuss
the "fourteen hotels" we are discussing all of our hotels. We exclude
the two hotels from our discussion to enable our investors to compare
our performance on a same store basis with the guidance we provided at
the end of the second quarter. We excluded the SpringHill Suites
Buckhead from our prior guidance as it had been open only since July
2005 and has no comparable period in the prior year. We excluded the
Oak Brook Hills Marriott Resort because the Company excluded the
results in certain guidance provided when the Company released second
quarter results. At that time, the Company had not completed its audit
of the property and the hotel was undergoing a brand conversion.

    In this release, when we discuss "Hotel Adjusted EBITDA", we
exclude from Hotel EBITDA the non-cash expense incurred by the hotel
due to the straight lining of the rent from our ground lease
obligations and the non-cash amortization of our favorable lease
asset. Hotel EBITDA represents hotel net income (loss) excluding: (1)
interest expense; (2) income taxes; and (3) depreciation and
amortization. Hotel Adjusted EBITDA margins are calculated as Hotel
Adjusted EBITDA divided by total hotel revenues.




                    DiamondRock Hospitality Company

     Pro Forma Financial Information for the Fiscal Quarters Ended
 September 9, 2005 and September 10, 2004 and the Periods from January
3, 2004 to September 10, 2004 and January 1, 2005 to September 9, 2005

    The acquired properties are included in our results of operations
from the respective dates of acquisition. The following unaudited pro
forma results of operations reflect these transactions as if each had
occurred on the first day of the fiscal period presented. In our
opinion, all significant adjustments necessary to reflect the effects
of the acquisitions have been made; however, a preliminary allocation
of the purchase price to land and buildings was made, and we will
finalize the allocation after all information is obtained.


                   Fiscal       Fiscal      Period from   Period from
                   Quarter      Quarter     January 1,    January 3,
                   Ended        Ended       2005 to       2004 to
                 September 9,  September    September 9,  September
                     2005       10, 2004       2005        10, 2004
                 ------------------------- ---------------------------
Revenues         $72,515,200  $68,265,825  $226,125,395  $210,289,146

Hotel level
 expenses         57,712,154   55,115,445   172,088,221   165,435,239
Depreciation and
 amortization      7,949,197    7,634,092    24,173,933    23,328,370
Corporate
 expenses          2,452,887    2,200,000    10,399,626     6,400,000
Interest
 expenses, net     4,049,953    4,747,736    12,986,275    14,324,860
Income tax
 benefit           1,949,897      907,570     2,706,346     4,946,017
                 -------------------------  --------------------------

Net income
 (loss)          $ 2,300,906  $  (523,878) $  9,183,686  $  5,746,694
                 ========================= ===========================

EBITDA           $13,004,360  $10,950,380  $ 44,852,576  $ 38,453,907
                 ========================= ===========================

Adjusted EBITDA  $14,801,109  $12,747,129  $ 53,842,257  $ 43,707,338
                 ========================= ===========================

FFO              $10,250,103  $ 7,110,214  $ 33,357,619  $ 29,075,064
                 ========================= ===========================

Adjusted FFO     $12,046,852  $ 8,906,963  $ 42,347,300  $ 34,328,495
                 ========================= ===========================



    CONTACT: DiamondRock Hospitality Company
             Mark W. Brugger, 240-744-1150


                                                                    Exhibit 99.2


                         DiamondRock Hospitality Company
                            Supplemental Information
                               Third Quarter 2005





<PAGE>


                         DiamondRock Hospitality Company
                            Supplemental Information
                               Third Quarter 2005

                                TABLE OF CONTENTS



                                                                        PAGE
                                                                  --------------
CORPORATE INFORMATION
    The Company                                                           3
    Board of Directors and Executive Officers                             4
    Equity Research Coverage                                              5

FINANCIAL HIGHLIGHTS
    Capitalization                                                        6
    Condensed Consolidated Statements of Operations                       7
    Condensed Consolidated Balance Sheets                                 8
    Condensed Conslidated Statements of Cash Flows                      9 - 10
    Non-GAAP Financial Measures                                        11 - 14
    Pro Forma Financial Information                                      15
    Debt Summary                                                         16

PORTFOLIO DATA
    Portfolio Summary at September 9, 2005                               17
    Selected Financial and Operating Information by Property           18 - 22




<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------



                              CORPORATE INFORMATION

                                   The Company

DiamondRock Hospitality Company is a self-advised real estate company that owns,
acquires  and  invests in upper  upscale and upscale  hotel  properties  located
primarily in North America.  To a lesser extent,  we may invest,  on a selective
basis, in premium  limited  service and extended stay hotel  properties in urban
locations.  We  began  operations  in July  2004  when we  completed  a  private
placement of our common  stock.
  As of the end of the fiscal  quarter,  we owned
fourteen  hotels,  comprising  5,633 rooms,  located in the  following  markets:
Atlanta, Georgia (2 hotels), Fort Worth, Texas, Lexington, Kentucky, Los Angeles
(2 hotels), New York City (2 hotels), Northern California,  Oak Brook, Illinois,
Salt Lake City,  Washington  D.C., St. Thomas,  U.S. Virgin  Islands,  and Vail,
Colorado  and for  purchase  prices  aggregating  approximately  $847.7  million
(including pre-funded capital improvement restricted cash).

Our senior  management  team has  extensive  experience  and a broad  network of
relationships  in the hotel industry,  which we believe provides us with ongoing
access to hotel  property  investment  opportunities  and  enables us to quickly
identify  and  consummate  acquisitions.  We also  have an  investment  sourcing
relationship  with  Marriott  International,  a leading  worldwide  hotel brand,
franchise and management  company.  We believe that our ability to implement our
business  strategies is greatly enhanced by the continuing  source of additional
acquisition  opportunities  generated  by  this  relationship,  as  many  of the
properties  that Marriott brings to our attention are offered to us through "off
market"  transactions,  meaning  that they are not made  generally  available to
other hospitality companies.

We began  operations in July 2004 and became a public  reporting  company in May
2005. We are listed on the New York Stock Exchange under the symbol "DRH".

                                Fiscal Year End:
                                   December 31

                         Number of Full-Time Employees:
                                       14

                             Corporate Headquarters:
                         6903 Rockledge Drive, Suite 800
                               Bethesda, MD 20817
                                 (240) 744-1150

                                  Mark Brugger
                             Chief Financial Officer
                                 (240) 744-1150


                                                                          Page 3

<PAGE>


                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


                    Board of Directors and Executive Officers

                               William W. McCarten
           Chairman of the Board, Chief Executive Officer and Director

                                John L. Williams
                 President, Chief Operating Officer and Director

                               Daniel J. Altobello
               Director and Chairman of the Compensation Committee

                                W. Robert Grafton
                Lead Director and Chairman of the Audit Committee

                                Maureen L. McAvey
                                    Director

                                 Gilbert T. Ray
   Director and Chairman of the Nominating and Corporate Governance Committee

                                 Mark W. Brugger
         Executive Vice President, Chief Financial Officer and Treasurer

                               Michael D. Schecter
                     General Counsel and Corporate Secretary

                                 Sean M. Mahoney
                Chief Accounting Officer and Corporate Controller


                                                                          Page 4

<PAGE>


                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


                            Equity Research Coverage

Firm                                 Analyst                   Telephone
----------------------------------   -----------------------   -----------------

Citigroup Smith Barney               Michael Rietbrock         (212) 816-7777

Friedman, Billings, Ramsey, & Co.    Gustavo Sarago            (703) 469-1042

JMP Securities                       William C. Marks          (415) 835-8944

Wachovia Securities                  Jeffrey J. Donnelly       (617) 603-4262


DiamondRock  Hospitality is followed by the analysts  listed above.  Please note
that any opinions,  estimates or forecasts regarding  DiamondRock  Hospitality's
performance  made by  these  analysts  are  theirs  alone  and do not  represent
opinions, forecasts or predictions of DiamondRock Hospitality or its management.
DiamondRock Hospitality does not by its reference here imply its endorsement of,
or concurrence with, such information, conclusions or recommendations.


                                                                          Page 5

<PAGE>


                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


<TABLE>
<CAPTION>
                                 Capitalization


Capitalization                                                          September 9, 2005
--------------------------------------------------------------------   --------------------

<S>                                                                             <C>       
Common shares outstanding per balance sheet                                     50,819,864
Unvested restricted stock held by management and employees                         738,000
Share grants under deferred compensation plan held by corporate
 officers                                                                          383,608
                                                                       --------------------

Combined shares outstanding                                                     51,941,472
Common stock price at September 9, 2005                                 $            11.70
                                                                       --------------------

Common equity capitalization                                            $      607,715,222
Consolidated debt                                                              366,013,177
Cash and cash equivalents                                                       (9,968,037)
                                                                       --------------------

  Total enterprise value                                                $      963,760,362
                                                                       ====================

Dividend Per Share
--------------------------------------------------------------------
Common dividend declared (holders of record on September 9, 2005)       $           0.1725
                                                                       ====================

Share Reconciliation
--------------------------------------------------------------------

Common shares outstanding, held by third parties                                46,199,293
Common shares outstanding, held by Marriott International                        4,428,571
Common shares outstanding, held by management and directors                        192,000
                                                                       --------------------
  Subtotal                                                                      50,819,864

Unvested restricted stock held by management and employees                         738,000
Share grants under deferred compensation plan held by corporate
 officers                                                                          383,608
                                                                       --------------------

Combined shares outstanding                                                     51,941,472
                                                                       ====================
</TABLE>



                                                                          Page 6

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


                         DIAMONDROCK HOSPITALITY COMPANY

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
           For the Fiscal Quarter Ended September 9, 2005, the Period
     from January 1, 2005 to September 9, 2005, and the Fiscal Quarter Ended
         September 10, 2004 and Period from May 6, 2004 (Incorporation)
                              to September 10, 2004


                                                                 

<TABLE>
<CAPTION>
                                                          Period from       Fiscal Quarter Ended
                                     Fiscal Quarter        January 1,        September 10, 2004
                                         Ended              2005 to         and Period from May 6,
                                   September 9, 2005   September 9, 2005   2004 (Incorporation) to
                                                                             September 10, 2004
                                     (Unaudited)          (Unaudited)            (Unaudited)

<S>                                 <C>                <C>                          <C>           
Rooms                               $     43,007,699    $  85,509,567               $            -
Food and beverage                         17,607,225       31,812,477                            -
Other                                      4,792,077        7,949,454                            -
                                   -----------------  --------------------------------------------

Total revenues                            65,407,001      125,271,498                            -
                                   -----------------   -------------------------------------------


Operating Expenses:

Rooms                                     10,853,919       21,439,976                            -
Food and beverage                         13,658,368       24,420,522                            -
Management fees                            2,171,128        4,280,139                            -
Other hotel expenses                      24,887,133       49,247,846                            -
Depreciation and amortization              7,369,396       16,072,526                        9,168
Corporate expenses                         2,452,887       10,399,626                    1,715,699
                                   -----------------   -------------------------------------------

Total operating expenses                  61,392,831      125,860,635                    1,724,867
                                   -----------------  --------------------------------------------

Operating profit (loss)                    4,014,170         (589,137)                  (1,724,867)
                                   -----------------   -------------------------------------------


Other Expenses (Income):

Interest income                             (654,201)      (1,215,028)                    (452,300)
Interest expense                           4,156,249       10,640,988                            -
                                   -----------------   -------------------------------------------

Total other expenses/(income)              3,502,048        9,425,960                     (452,300)
                                   -----------------  --------------------------------------------


Income (loss) before income taxes            512,122      (10,015,097)                  (1,272,567)

Income tax benefit                         1,684,346        1,125,499                      552,294
                                   -----------------   -------------------------------------------

Net income (loss)                   $      2,196,468    $  (8,889,598)              $     (720,273)
                                   =================   ===========================================

Earnings (loss) per share:

    Basic and diluted               $           0.04    $       (0.27)              $        (0.05)
                                   =================   ===========================================
</TABLE>



                                                                          Page 7

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


                         DIAMONDROCK HOSPITALITY COMPANY

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                     September 9, 2005 and December 31, 2004



<TABLE>
<CAPTION>
                        ASSETS
                                                          September 9,
                                                               2005       December 31, 2004
                                                         ---------------- -----------------
                                                           (Unaudited)

<S>                                                      <C>              <C>             
Property and equipment, at cost                          $   811,084,017  $    286,727,306
Less: accumulated depreciation                               (17,300,783)       (1,084,867)
                                                         ---------------- -----------------

                                                             793,783,234       285,642,439

Deferred financing costs, net                                  2,925,759         1,344,378
Restricted cash                                               33,035,939        17,482,515
Due from hotel managers                                       34,543,143         2,626,262
Favorable lease asset, net                                    12,214,838                 -
Purchase deposits and pre-acquisition costs                            -         3,272,219
Prepaid and other assets                                       4,464,554         4,340,259
Cash and cash equivalents                                      9,968,037        76,983,107
                                                         ---------------- -----------------

       Total assets                                      $   890,935,504  $    391,691,179
                                                         ================ =================

         LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities:

Debt, at face amount                                     $   363,181,035  $    177,827,573
Debt premium                                                   2,832,142         2,944,237
                                                         ---------------- -----------------

Total debt                                                   366,013,177       180,771,810

Deferred income related to key money, net                      6,383,518         2,490,385
Unfavorable lease liability, net                               5,426,955         5,776,946
Due to hotel managers                                         21,649,144         3,985,795
Dividends declared and unpaid                                  8,893,732                 -
Accounts payable and accrued expenses                         12,270,323         3,078,825
                                                         ---------------- -----------------

    Total other liabilities                                   54,623,672        15,331,951
                                                         ---------------- -----------------

Shareholders' Equity:

Preferred stock, $.01 par value; 10,000,000 shares
 authorized; no shares issued and outstanding                          -                 -

Common stock, $.01 par value; 100,000,000 shares
 authorized; 50,819,864 and 21,020,100 shares issued
 and outstanding at September 9, 2005 and December 31,
 2004, respectively                                              508,199           210,201
Additional paid-in capital                                   491,450,709       197,494,842
Accumulated deficit                                          (21,660,253)       (2,117,625)
                                                         ---------------- -----------------

    Total shareholders' equity                               470,298,655       195,587,418
                                                         ---------------- -----------------

    Total liabilities and shareholders' equity           $   890,935,504  $    391,691,179
                                                         ================ =================
</TABLE>




                                                                          Page 8

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


                         DIAMONDROCK HOSPITALITY COMPANY

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
            For the Period from January 1, 2005 to September 9, 2005
                and the Period from May 6, 2004 (Incorporation)
                              to September 10, 2004


<TABLE>
<CAPTION>
                                                                               Period from
                                                                               May 6, 2004
                                                           Period from       (Incorporation)
                                                       January 1, 2005 to    to September 10,
                                                        September 9, 2005          2004
                                                      ----------------------------------------
<S>                                                       <C>                   <C>          
Cash flows from operating activities:                         (Unaudited)       (Unaudited)
  Net loss                                                $   (8,889,598)        $   (720,273)
  Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:

    Real estate depreciation                                  16,072,526                9,167
    Corporate asset depreciation as corporate expenses            75,166
    Non-cash straight line ground rent                         4,839,677                    -
    Non-cash financing costs as interest                       1,100,820                    -
    Market value adjustment to interest rate caps               (11,402)                    -
    Amortization of favorable lease asset                         70,601                    -
    Amortization of debt premium and unfavorable lease
     liability                                                  (209,835)                   -
    Amortization of deferred income                             (106,867)                   -
    Stock-based compensation                                   5,582,077              645,000
    Income tax benefit                                        (1,125,499)            (552,294)
  Changes in assets and liabilities:
    Prepaid expenses and other assets                          1,012,604             (204,170)
    Due to/from hotel managers                               (11,837,240)                   -
    Accounts payable and accrued expenses                      4,069,073              388,914
                                                      ----------------------------------------
  Net cash provided by (used in) operating activities         10,642,103             (433,656)
                                                      ----------------------------------------


Cash flows from investing activities:
  Hotel acquisitions                                        (530,905,343)             (81,302)
  Hotel capital expenditures                                  (9,646,244)                   -
  Receipt of deferred key money                                4,000,000                    -
  Cash paid for restricted cash at acquisition               (17,740,652)                   -
  Purchase deposits and pre-acquisition costs                          -           (1,096,221)
                                                      ----------------------------------------
  Net cash used in investing activities                     (554,292,239)          (1,177,523)
                                                      ----------------------------------------


Cash flows from financing activities:
  Proceeds from mortgage debt                                246,500,000                    -
  Draws on senior secured credit facility                      5,000,000                    -
  Repayments of mortgage debt                                (56,948,685)                   -
  Scheduled mortgage debt principal payments                  (2,146,538)                   -
  Payment of financing costs                                  (2,682,201)                   -
  Proceeds from sale of common stock                         291,799,785          197,376,548
  Payment of dividends                                        (1,680,656)                   -
  Payment of costs related to sale of common stock            (3,206,639)          (1,028,588)
                                                      ----------------------------------------
  Net cash provided by financing activities                  476,635,066          196,347,960
                                                      ----------------------------------------
</TABLE>



The accompanying notes are an integral part of these condensed consolidated
financial statements.


                                                                          Page 9

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


                         DIAMONDROCK HOSPITALITY COMPANY

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
         (Continued) For the Period from January 1, 2005 to September 9,
                      2005 and the Period from May 6, 2004
                      (Incorporation) to September 10, 2004


<TABLE>
<CAPTION>
                                                                          Period from
                                                                          May 6, 2004
                                                      Period from       (Incorporation)
                                                   January 1, 2005 to   to September 10,
                                                   September 9, 2005          2004
<S>                                                      <C>                 <C>        
Net (decrease) increase in cash and cash
 equivalents                                             (67,015,070)        194,736,781
Cash and cash equivalents, beginning of period            76,983,107                   -
                                                 ----------------------------------------
Cash and cash equivalents, end of period              $    9,968,037    $    194,736,781
                                                 ========================================


Supplemental Disclosure of Cash Flow Information:

Cash paid for interest                                $    9,283,715    $              -
                                                 ========================================
Cash paid for income taxes                            $    1,114,363    $              -
                                                 ========================================


Non-Cash Investing and Financing Activities:

Repayments of mortgage debt with restricted cash      $    7,051,315    $              -
                                                 ========================================
</TABLE>




                                                                         Page 10

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


 Non-GAAP Financial Measures

     We use the following four non-GAAP financial measures that we believe are
useful to investors as key measures of our operating performance: (1) EBITDA (2)
Adjusted EBITDA, (3) FFO and (4) Adjusted FFO.

EBITDA represents net income (loss) excluding: (1) interest expense; (2)
provision for income taxes, including income taxes applicable to sale of assets;
and (3) depreciation and amortization. We believe EBITDA is useful to an
investor in evaluating our operating performance because it helps investors
evaluate and compare the results of our operations from period to period by
removing the impact of our capital structure (primarily interest expense) and
our asset base (primarily depreciation and amortization) from our operating
results. We also use EBITDA as one measure in determining the value of hotel
acquisitions and dispositions.

                                                  Historical
                                  -------------------------------------------
                                          Fiscal              Period from
                                       Quarter Ended       January 1, 2005 to
                                     September 9, 2005      September 9, 2005
                                  ---------------------  --------------------

Net income (loss)                     $      2,196,468       $    (8,889,598)

Interest expense                             4,156,249            10,640,988
Income tax benefit                          (1,684,346)           (1,125,499)
Depreciation and amortization                7,369,396            16,072,526
                                  ---------------------  --------------------

EBITDA                                $     12,037,767       $    16,698,417
                                  =====================  ====================


                                            Forecast Full Year 2005
                                  -------------------------------------------
                                            Low End                High End
                                  ---------------------  --------------------
Net loss                              $    (10,336,250)      $    (8,336,250)

Interest expense                            17,400,000            17,400,000
Income tax benefit                          (1,750,000)           (1,750,000)
Depreciation and amortization               27,800,000            27,800,000
                                  ---------------------  --------------------

EBITDA                                $     33,113,750       $    35,113,750
                                  =====================  ====================


                                                                         Page 11

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


     Management also evaluates our performance by reviewing Adjusted EBITDA
because the Company believes that the exclusion of certain additional recurring
and non-recurring items described below provides useful supplemental information
regarding our ongoing operating performance and that the presentation of
Adjusted EBITDA, when combined with the primary GAAP presentation of net income,
is beneficial to a complete understanding of our operating performance. We
adjust EBITDA for the following items, which may occur in any period, and refer
to this measure as Adjusted EBITDA:

     o    Non-Cash Ground Rent: We exclude the non-cash expense incurred from
          straight lining the rent from our ground lease obligations and the
          non-cash amortization of our favorable lease asset.

     o    The impact of fully vested irrevocable commitments to issue 382,500
          shares of stock to our five senior executive officers made in
          connection with the initial public offering and expensed in the second
          quarter. These were grants and do not reflect the underlying
          performance of the Company.

     o    Cumulative effect of a change in accounting principle -- Infrequently,
          the Financial Accounting Standards Board (FASB) promulgates new
          accounting standards that require the consolidated statement of
          operations to reflect the cumulative effect of a change in accounting
          principle. We exclude these one-time adjustments because they do not
          reflect our actual performance for that period.

     o    Impairment Losses -- We exclude the effect of impairment losses
          recorded because we believe that including them in EBITDA is not
          consistent with reflecting the ongoing performance of our remaining
          assets. In addition, we believe that impairment charges are similar to
          gains (losses) on dispositions and depreciation expense, both of which
          are also excluded from EBITDA.


<TABLE>
<CAPTION>
                                                               Historical
                                                ------------------------------------------
                                                       Fiscal              Period from
                                                   Quarter Ended       January 1, 2005 to
                                                 September 9 , 2005    September 9 , 2005
                                                --------------------  --------------------

<S>                                                 <C>                   <C>             
EBITDA                                              $     12,037,767      $     16,698,417

Non-cash ground rent                                       1,730,168             4,910,278
Initial public offering stock grants                              --             3,736,250
                                                --------------------  --------------------


Adjusted EBITDA                                     $     13,767,935      $     25,344,945
                                                ====================  ====================


                                                        Forecast Full Year 2005
                                                ------------------------------------------
                                                      Low End                High End
                                                --------------------  --------------------
EBITDA                                              $     33,113,750      $     35,113,750

Non-cash ground rent                                       7,150,000             7,150,000
Initial public offering stock grants                       3,736,250             3,736,250
                                                --------------------  --------------------


Adjusted EBITDA                                     $     44,000,000      $     46,000,000
                                                ====================  ====================
</TABLE>



                                                                         Page 12

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


     We compute FFO in accordance with standards established by NAREIT, which
defines FFO as net income (loss) (determined in accordance with GAAP), excluding
gains (losses) from sales of property, plus depreciation and amortization and
after adjustments for unconsolidated partnerships and joint ventures (which are
calculated to reflect FFO on the same basis). We believe that the presentation
of FFO provides useful information to investors regarding our operating
performance because it is a measure of our operations without regard to
specified non-cash items, such as real estate depreciation and amortization and
gain or loss on sale of assets. We also use FFO as one measure in determining
our results after taking into account the impact of our capital structure.


<TABLE>
<CAPTION>
                                                            Historical
                                             -----------------------------------------
                                                Fiscal Quarter         Period from
                                                    Ended          January 1, 2005 to
                                              September 9, 2005     September 9, 2005
                                             -------------------   -------------------
<S>                                              <C>                   <C>             
Net income (loss)                                $    2,196,468        $    (8,889,598)
Real estate related depreciation and
 amortization                                         7,369,396             16,072,526
                                             -------------------   -------------------


FFO                                              $    9,565,864        $     7,182,928
                                             ===================   ===================

FFO per Share (Basic and Diluted)                $         0.19        $          0.21
                                             ===================   ===================


                                                       Forecast Full Year 2005
                                             -----------------------------------------
                                                   Low End               High End
                                             -------------------   -------------------
Net loss                                         $  (10,336,250)       $    (8,336,250)
Real estate related depreciation and
 amortization                                        27,800,000             27,800,000
                                             -------------------   -------------------


FFO                                              $   17,463,750        $    19,463,750
                                             ===================   ===================
</TABLE>




     Management also evaluates our performance by reviewing Adjusted FFO because
the Company believes that the exclusion of certain additional recurring and
non-recurring items described below provides useful supplemental information
regarding our ongoing operating performance and that the presentation of
Adjusted FFO, when combined with the primary GAAP presentation of net income, is
beneficial to a complete understanding of our operating performance. We adjust
FFO for the following items, which may occur in any period, and refer to this
measure as Adjusted FFO:

     o    Non-Cash Ground Rent: We exclude the non-cash expense incurred from
          straight lining the rent from our ground lease obligations and the
          non-cash amortization of our favorable lease asset.

     o    The impact of fully vested irrevocable commitments to issue 382,500
          shares of stock to our five senior executive officers made in
          connection with the initial public offering and expensed in the second
          quarter. The impact of these grants do not reflect the underlying
          performance of the Company.

     o    Cumulative effect of a change in accounting principle -- Infrequently,
          the Financial Accounting Standards Board (FASB) promulgates new
          accounting standards that require the consolidated statement of
          operations to reflect the cumulative effect of a change in accounting
          principle. We exclude these one-time adjustments because they do not
          reflect our actual performance for that period.


                                                                         Page 13

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


     o    Impairment Losses -- We exclude the effect of impairment losses
          recorded because we believe that including them in EBITDA is not
          consistent with reflecting the ongoing performance of our remaining
          assets. In addition, we believe that impairment charges are similar to
          gains (losses) on dispositions and depreciation expense, both of which
          are also excluded from EBITDA.


<TABLE>
<CAPTION>
                                                              Historical
                                             -------------------------------------------
                                                    Fiscal              Period from
                                                Quarter Ended        January 1, 2005 to
                                              September 9 , 2005     September 9 , 2005
                                             --------------------   --------------------

<S>                                              <C>                    <C>             
FFO                                              $      9,565,864       $      7,182,928

Non-cash ground rent                                    1,730,168              4,910,278
Initial public offering stock grants                           --              3,736,250
                                             --------------------   --------------------


Adjusted FFO                                     $     11,296,032       $     15,829,456
                                             ====================   ====================

Adjusted FFO per Share (Basic and Diluted)       $           0.22       $           0.47
                                             ====================   ====================


                                                        Forecast Full Year 2005
                                             -------------------------------------------
                                                   Low End                High End
                                             --------------------   --------------------

FFO                                              $     17,463,750       $     19,463,750

Non-cash ground rent                                    7,150,000              7,150,000
Initial public offering stock grants                    3,736,250              3,736,250
                                             --------------------   --------------------


Adjusted FFO                                     $     28,350,000       $     30,350,000
                                             ====================   ====================
</TABLE>



Certain Definitions

In this supplemental, when we discuss the "twelve hotels" we are discussing all
of our hotels except SpringHill Suites Buckhead (Atlanta) and the Oak Brook
Hills Marriott Resort and when we discuss the "fourteen hotels" we are
discussing all of our hotels. We exclude the two hotels from our discussion to
enable our investors to compare our performance on a same store basis with the
guidance we provided at the end of the second quarter. We excluded the
SpringHill Suites Buckhead from our prior guidance as it had been open only
since July 2005 and has no comparable period in the prior year. We excluded the
Oak Brook Hills Marriott Resort because the Company excluded the results in
certain guidance provided when the Company released second quarter results. At
that time, the Company had not completed its audit of the property and the hotel
was undergoing a brand conversion.

In this release, when we discuss "Hotel Adjusted EBITDA", we exclude from Hotel
EBITDA the non-cash expense incurred by the hotel due to the straight lining of
the rent from our ground lease obligations and the non-cash amortization of our
favorable lease asset. Hotel EBITDA represents hotel net income (loss)
excluding: (1) interest expense; (2) income taxes; and (3) depreciation and
amortization. Hotel Adjusted EBITDA margins are calculated as Hotel Adjusted
EBITDA divided by total hotel revenues.


                                                                         Page 14

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


                         DiamondRock Hospitality Company
     Pro Forma Financial Information for the Fiscal Quarters Ended September
       9, 2005 and September 10, 2004 and the Periods from January 3, 2004
         to September 10, 2004 and January 1, 2005 to September 9, 2005

     The acquired properties are included in our results of operations from the
respective dates of acquisition. The following unaudited pro forma results
of operations reflect these transactions as if each had occurred on the first
day of the fiscal period presented. In our opinion, all significant adjustments
necessary to reflect the effects of the acquisitions have been made; however, a
preliminary allocation of the purchase price to land and buildings was made, and
we will finalize the allocation after all information is obtained.


<TABLE>
<CAPTION>
                                                                    Period from         Period from
                              Fiscal               Fiscal         January 1, 2005   January 3, 2004 to
                           Quarter Ended       Quarter Ended      to September 9,      September 10,
                         September 9, 2005   September 10, 2004         2005               2004
                        --------------------------------------  --------------------------------------

<S>                         <C>                 <C>                 <C>                 <C>           
Revenues                    $   72,515,200      $   68,265,825      $ 226,125,395       $  210,289,146

Hotel level expenses            57,712,154          55,115,445        172,088,221          165,435,239
Depreciation and
 amortization                    7,949,197           7,634,092         24,173,933           23,328,370
Corporate expenses               2,452,887           2,200,000         10,399,626            6,400,000
Interest expenses, net           4,049,953           4,747,736         12,986,275           14,324,860
Income tax benefit               1,949,897             907,570          2,706,346            4,946,017
                        --------------------------------------  --------------------------------------


Net income (loss)           $    2,300,906      $    (523,878)      $   9,183,686       $    5,746,694
                        ======================================  ======================================

EBITDA                      $   13,004,360      $   10,950,380      $  44,852,576       $   38,453,907
                        ======================================  ======================================


Adjusted EBITDA             $   14,801,109      $   12,747,129      $  53,842,257       $   43,707,338
                        ======================================  ======================================

FFO                         $   10,250,103      $    7,110,214      $  33,357,619       $   29,075,064
                        ======================================  ======================================


Adjusted FFO                $   12,046,852      $    8,906,963      $  42,347,300       $   34,328,495
                        ======================================  ======================================
</TABLE>



                                                                         Page 15

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------



<TABLE>
<CAPTION>
                                                           Debt Summary
                                                      (dollars in thousands)

                                                          Interest      Spread to     Outstanding
                       Property                             Rate          LIBOR        Principal              Maturity
------------------------------------------------------  ------------  ------------  --------------  -----------------------------

<S>                                                           <C>                       <C>                           <C> 
Courtyard Manhattan / Midtown East                            5.195%     Fixed          $  44,354            December 2009
Marriott Salt Lake City Downtown                              5.500%     Fixed             38,290            December 2014
Courtyard Manhattan / Fifth Avenue                            6.325%     270bps            23,000            January 2007
Marriott Griffin Gate Resort                                  5.110%     Fixed             30,597            January 2010
Bethesda Marriott Suites                                      7.690%     Fixed             19,440            February 2023
Marriott Los Angeles Airport                                  5.300%     Fixed             82,600              June 2015
Marriott Frenchman's Reef & Morning Star Beach Resort         5.440%     Fixed             62,500              July 2015
Renaissance Worthington                                       5.400%     Fixed             57,400              June 2015
Credit Facility Borrowings (as of September 9, 2005)          5.120%     145bps             5,000              July 2008
                                                                                    --------------

Total Debt (excluding Debt Premium)                     5.52% (weighted average)          363,181    8.35 yrs. (weighted average)
                                                                                    ==============

Fixed Interest Rate Debt to Total Debt                         92.3%
</TABLE>




                                                                         Page 16

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------



<TABLE>
<CAPTION>
                                              PORTFOLIO DATA
                                  Portfolio Summary at September 9, 2005

                                                                                                    % of
                       Property                                   Location                Rooms      Total
------------------------------------------------------  -----------------------------   ---------  --------

<S>                                                                                        <C>          <C>
Marriott Los Angeles Airport                            Los Angeles, CA                    1,004        18%
Salt Lake City Marriott Downtown                        Salt Lake City, UT                   510         9%
Frenchman's Reef & Morning Star Marriott Beach Resort   St. Thomas, U.S. Virgin Islands      504         9%
Renaissance Worthington                                 Fort Worth, TX                       504         9%
Torrance Marriott                                       Los Angeles County, CA               487         9%
Marriott Griffin Gate Resort                            Lexington, KY                        408         7%
Oak Brook Hills Resort & Conference Center              Oak Brook, IL                        384         7%
Vail Marriott Mountain Resort & Spa                     Vail, CO                             346         6%
Marriott Atlanta Alpharetta                             Alpharetta, GA                       318         6%
Courtyard Manhattan / Midtown East                      New York, NY                         307         5%
Bethesda Marriott Suites                                Bethesda, MD                         274         5%
SpringHill Suites Buckhead                              Atlanta, GA                          220         4%
Courtyard Manhattan / Fifth Avenue                      New York, NY                         185         3%
The Lodge at Sonoma,  a Renaissance Resort & Spa        Sonoma, CA                           182         3%
                                                                                        ---------  --------

Total Portfolio as of September 9, 2005                                                    5,633       100%
                                                                                        =========  ========
</TABLE>



                                                                         Page 17


<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


            Selected Financial and Operating Information by Property
                    Properties Owned as of September 9, 2005
              (in thousands, except selected operating information)

The following tables present, except where noted, selected financial and
operating information by property for the fiscal quarter ended September 9,
2005, the period from January 1, 2005 to September 9, 2005, and the comparable
periods during 2004. Where relevant, the data is pro forma as it assumes that
the hotels were owned by the Company for the entire reporting periods of 2005
and 2004. Hotel Adjusted EBITDA reflects property net operating income excluding
corporate expenses, the non-cash expense incurred from straight lining the rent
from our ground lease obligations (where applicable), interest expense and
depreciation and amortization.


<TABLE>
<CAPTION>
                                                  Fiscal Third Quarter                             Year-to-Date
                                        ------------------------------------------   -----------------------------------------
                                         Ended Sept.   Ended Sept.     % Change       Ended Sept.    Ended Sept.   
                                          9, 2005       10, 2004                        9, 2005       10, 2004      % Change
                                        ------------------------------------------   -----------------------------------------
<S>                                           <C>           <C>     <C>                     <C>           <C>    <C>       
MARRIOTT ATLANTA ALPHARETTA
---------------------------
Average Occupancy                             57.8%         58.4%   (-0.6 pts)              60.4%         60.6%  (-0.2 pts)
ADR                                      $   132.22    $   121.38         8.9%        $    132.92    $   121.48        9.4%
RevPAR                                   $    76.44    $    70.88         7.8%        $     80.27    $    73.60        9.1%

Total Revenues                           $    2,911    $    2,816         3.3%        $     9,611    $    8,814        9.0%

Net Income / (Loss)                      $      446    $      471                     $     1,973    $    1,591
Plus: Depreciation                       $      330    $      304                     $       943    $      912
                                        ---------------------------                  ----------------------------
Hotel Adjusted EBITDA                    $      776    $      775         0.1%        $     2,916    $    2,503       16.5%
                                        ===========================                  ============================

BETHESDA MARRIOTT SUITES
------------------------
Average Occupancy                             86.0%         73.1%     12.9 pts              77.2%         74.1%     3.1 pts
ADR                                      $   142.70    $   153.53        (7.0%)       $    159.29    $   154.60        3.0%
RevPAR                                   $   122.77    $   112.20         9.4%        $    122.92    $   114.56        7.3%

Total Revenues                           $    3,761    $    3,545         6.1%        $    11,164    $   10,642        4.9%

Net Income / (Loss)                      $   (1,414)   $   (1,362)                    $    (4,125)   $   (4,111)
Plus: Depreciation                       $      542    $      530                     $     1,621    $    1,591
Plus: Interest Expense                   $      375    $      317                     $     1,067    $      951
Plus: Non-Cash Ground Rent               $    1,517    $    1,517                     $     4,550    $    4,550
                                        ---------------------------                  ----------------------------
Hotel Adjusted EBITDA                    $    1,020    $    1,002         1.8%        $     3,113    $    2,981        4.4%
                                        ===========================                  ============================
</TABLE>




                                                                         Page 18

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------



<TABLE>
<CAPTION>
                                                  Fiscal Third Quarter                             Year-to-Date
                                        ------------------------------------------   -----------------------------------------
                                        Ended Sept.    Ended Sept.     % Change       Ended Sept.    Ended Sept.   
                                          9, 2005       10, 2004                        9, 2005       10, 2004     % Change
                                        ------------------------------------------   -----------------------------------------

SPRINGHILL SUITES BUCKHEAD
--------------------------
(This property opened for business on July 1, 2005. The results presented below represent only our period of ownership.)

<S>                                            <C>                                           <C>                        
Average Occupancy                              40.3%     N/A           N/A                   40.3%     N/A           N/A
ADR                                      $     95.24     N/A           N/A            $       95.2     N/A           N/A
RevPAR                                   $     38.34     N/A           N/A            $      38.34     N/A           N/A

Total Revenues                           $       476     N/A           N/A            $        476     N/A           N/A

Net Income / (Loss)                      $        (2)    N/A           N/A            $         (2)    N/A           N/A
Plus: Depreciation                       $       157     N/A           N/A            $        157     N/A           N/A
                                        -------------                                --------------
Hotel Adjusted EBITDA                    $       155     N/A           N/A            $        155     N/A           N/A
                                        =============                                ==============

COURTYARD MANHATTAN / FIFTH AVENUE
----------------------------------
(This property received the Courtyard brand in January 2005. During the comparable periods of 2004, the property was branded
as a Clarion for a portion of the period and unaffiliated the remainder. The historical results presented here represent the
three months ended August 31, 2005 and 2004, and the eight months ended August 31, 2005 and 2004.)

Average Occupancy                              78.1%         94.8%   (-16.8 pts)             83.6%         87.9%   (-4.3 pts)
ADR                                      $    188.16   $    128.78        46.1%       $     185.79   $    128.13        45.0%
RevPAR                                   $    146.92   $    122.14        20.3%       $     155.26   $    112.57        37.9%

Total Revenues                           $     1,639   $     2,208       (25.8%)      $      6,663   $     5,414        23.1%

Net Income / (Loss)                      $     (883)   $      (516)                   $     (1,143)  $    (1,774)
Plus: Depreciation                       $       502   $       461                    $      1,507   $     1,230
Plus: Interest Expense                   $       285   $       441                    $        979   $     1,176
Plus: Non-Cash Ground Rent               $        72   $         -                    $        216   $         -
                                        ------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $       (24)  $       386      (106.2%)      $      1,559   $       632       146.7%
                                        ============= =============                  ============== =============

COURTYARD MANHATTAN / MIDTOWN EAST
----------------------------------
Average Occupancy                              88.2%         89.5%   (-1.3 pts)              87.9%         89.0%   (-1.1 pts)
ADR                                      $    211.05   $    185.53        13.8%       $     206.28   $    181.23        13.8%
RevPAR                                   $    186.25   $    166.09        12.1%       $     181.31   $    161.36        12.4%

Total Revenues                           $     5,038   $     4,489        12.2%       $     14,767   $    13,169        12.1%

Net Income / (Loss)                      $       833   $       200                    $      1,615   $       463
Plus: Depreciation                       $       384   $       661                    $      1,925   $     1,984
Plus: Interest Expense                   $       541   $       547                    $      1,643   $     1,642
                                        ------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $     1,758   $     1,408        24.9%       $      5,183   $     4,089        26.8%
                                        ============= =============                  ============== =============
</TABLE>



                                                                         Page 19

<PAGE>

                                                        Supplemental Information
                                                              Third Quarter 2005
                                                              ------------------


<TABLE>
<CAPTION>

                                                  Fiscal Third Quarter                             Year-to-Date
                                        ------------------------------------------   -----------------------------------------
                                        Ended Sept.    Ended Sept.     % Change       Ended Sept.    Ended Sept.   
                                          9, 2005       10, 2004                        9, 2005       10, 2004     % Change
                                        ------------------------------------------   -----------------------------------------


FRENCHMAN'S REEF & MORNING STAR MARRIOTT BEACH RESORT
-----------------------------------------------------
(This property reports results on a monthly basis. The historical results presented here represent
 the three months ended August 31, 2005 and 2004, and the eight months ended August 31, 2005 and
 2004.)

<S>                                            <C>           <C>        <C>                  <C>           <C>       <C>    
Average Occupancy                              81.6%         76.3%      5.3 pts              84.0%         78.6%     5.4 pts
ADR                                      $    161.18   $    149.65         7.7%       $     206.91   $    189.95         8.9%
RevPAR                                   $    131.50   $    114.17        15.2%       $     173.81   $    149.38        16.4%

Total Revenues                           $     9,933   $     9,034        10.0%       $     32,811   $    29,773        10.2%

Net Income / (Loss)                      $        13   $      (624)                   $      4,990   $     3,160
Plus: Depreciation                       $       906   $       583                    $      2,083   $     1,750
Plus: Interest Expense                   $       680   $       791                    $      2,379   $     2,374
                                        ------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $     1,599   $       750       113.2%       $      9,452   $     7,284        29.8%
                                        ============= =============                  ============== =============

MARRIOTT GRIFFIN GATE RESORT
----------------------------
Average Occupancy                              70.7%         76.5%    (-5.8 pts)             65.7%         68.2%   (-2.5 pts)
ADR                                      $    117.05   $    107.61         8.8%       $     118.65   $    107.51        10.4%
RevPAR                                   $     82.76   $     82.32         0.5%       $      77.99   $     73.37         6.3%

Total Revenues                           $     5,758   $     5,608         2.7%       $     16,078   $    15,213         5.7%

Net Income / (Loss)                      $       509   $       646                    $      1,211   $     1,040
Plus: Depreciation                       $       485   $       412                    $      1,444   $     1,235
Plus: Interest Expense                   $       370   $       370                    $      1,114   $     1,109
Plus: Non-Cash Ground Rent               $         1   $         -                    $          3   $         -
                                        ------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $     1,365   $     1,428        (4.4%)      $      3,772   $     3,384        11.5%
                                        ============= =============                  ============== =============

MARRIOTT LOS ANGELES AIRPORT
----------------------------
Average Occupancy                              82.9%         82.5%      0.4 pts              79.1%         80.2%   (-1.1 pts)
ADR                                      $     97.49   $     91.98         6.0%       $     101.55   $     96.22         5.5%
RevPAR                                   $     80.86   $     75.90         6.5%       $      80.37   $     77.21         4.1%

Total Revenues                           $    11,210   $    10,694         4.8%       $     34,810   $    33,553         3.7%

Net Income / (Loss)                      $       908   $       475                    $      2,992   $     2,484
Plus: Depreciation                       $       950   $       875                    $      2,717   $     2,626
Plus: Interest Expense                   $       969   $     1,028                    $      3,102   $     3,084
                                        ------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $     2,827   $     2,378        18.9%       $      8,811   $     8,194         7.5%
                                        ============= =============                  ============== =============
</TABLE>




                                                                         Page 20

<PAGE>



<TABLE>
<CAPTION>

                                                  Fiscal Third Quarter                             Year-to-Date
                                        ------------------------------------------   -----------------------------------------
                                        Ended Sept.    Ended Sept.     % Change       Ended Sept.    Ended Sept.   
                                          9, 2005       10, 2004                        9, 2005       10, 2004     % Change
                                        ------------------------------------------   -----------------------------------------

OAK BROOK HILLS MARRIOTT RESORT
-------------------------------
(This property converted to the Marriott brand in late-July 2005. During the comparable periods of 2004 and early 2005, the
property was unaffiliated. The historical results presented here represent the fiscal quarter beginning July 1 and ending
September 9, 2005 and August 31, 2004, and the eight months ended August 31, 2005 and 2004.)

<S>                                            <C>           <C>          <C>                <C>           <C>        <C>    
Average Occupancy                              60.6%         56.3%      4.3 pts              53.2%         48.7%     4.5 pts
ADR                                      $    119.64   $    121.28        (1.4%)      $     118.27   $    123.05        (3.9%)
RevPAR                                   $     72.51   $     68.32         6.1%       $      62.95   $     59.96         5.0%

Total Revenues                           $     5,731   $     4,647        23.3%       $     16,834   $    15,598         7.9%

Net Income / (Loss)                      $       592   $       289                    $        603   $        13
Plus: Depreciation                       $       695   $       790                    $      2,446   $     2,371

Plus: Non-Cash Ground Rent               $       138   $       138                    $        415   $       415
                                        ------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $     1,425   $     1,217        17.1%       $      3,464   $     2,799        23.8%
                                        ============= =============                  ============== =============

SALT LAKE CITY MARRIOTT DOWNTOWN
--------------------------------
Average Occupancy                              76.4%         70.4%      5.9 pts              72.3%         68.8%     3.4 pts
ADR                                      $    116.72   $    116.97        (0.2%)      $     118.60   $    116.26         2.0%
RevPAR                                   $     89.12   $     82.40         8.2%       $      85.69   $     80.00         7.1%

Total Revenues                           $     5,404   $     5,302         1.9%       $     16,226   $    15,475         4.9%

Net Income / (Loss)                      $       548   $       279                    $      1,177   $       816
Plus: Depreciation                       $       563   $       556                    $      1,689   $     1,667
Plus: Interest Expense                   $       492   $       499                    $      1,497   $     1,498
                                        ------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $     1,603   $     1,334        20.1%       $      4,363   $     3,981         9.6%
                                        ============= =============                  ============== =============

THE LODGE AT SONOMA, A RENAISSANCE RESORT & SPA
-----------------------------------------------
Average Occupancy                              81.6%         76.2%      5.4 pts              71.3%         65.1%     6.2 pts
ADR                                      $    227.38   $    207.75         9.4%       $     198.92   $    184.88         7.6%
RevPAR                                   $    185.62   $    158.34        17.2%       $     141.89   $    120.35        17.9%

Total Revenues                           $     4,600   $     4,133        11.3%       $     11,233   $     9,828        14.3%

Net Income / (Loss)                      $       794   $       736                    $        573   $       137
Plus: Depreciation                       $       405   $       408                    $      1,229   $     1,224
                                        ------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $     1,199   $     1,144         4.8%       $      1,802   $     1,361        32.4%
                                        ============= =============                  ============== =============
</TABLE>




                                                                         Page 21

<PAGE>


<TABLE>
<CAPTION>


                                                  Fiscal Third Quarter                             Year-to-Date
                                       -------------------------------------------   -----------------------------------------
                                        Ended Sept.   Ended Sept.     % Change        Ended Sept.   Ended Sept.    % Change
                                          9, 2005       10, 2004                        9, 2005       10, 2004
                                       -------------- ------------- --------------   -------------- ------------- ------------

TORRANCE MARRIOTT
-----------------
<S>                                            <C>           <C>        <C>                  <C>           <C>       <C>    
Average Occupancy                              86.1%         82.8%      3.3 pts              82.0%         77.9%     4.1 pts
ADR                                      $    100.97   $     98.59         2.4%       $     102.81   $     99.05         3.8%
RevPAR                                   $     86.96   $     81.66         6.5%       $      84.29   $     77.13         9.3%

Total Revenues                           $     4,975   $     4,780         4.1%       $     15,157   $    14,083         7.6%

Net Income / (Loss)                      $       207   $        73                    $        424   $       (10)
Plus: Depreciation                       $     1,081   $     1,084                    $      3,302   $     3,251
                                       -------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $     1,288   $     1,157        11.4%       $      3,726   $     3,241        15.0%
                                       ============== =============                  ============== =============

VAIL MARRIOTT MOUNTAIN RESORT & SPA
-----------------------------------
(This property reports results on a monthly basis. The historical results presented here represent the three months ended
August 31, 2005 and 2004, and the eight months ended August 31, 2005 and 2004.)

Average Occupancy                              58.8%         68.2%    (-9.4 pts)             63.8%         66.4%   (-2.6 pts)
ADR                                      $    141.08   $    135.18         4.4%       $     200.02   $    185.50         7.8%
RevPAR                                   $     82.97   $     92.18       (10.0%)      $     127.64   $    123.22         3.6%

Total Revenues                           $     4,229   $     5,204       (18.7%)      $     16,035   $    16,042        (0.0%)

Net Income / (Loss)                      $       (49)  $       320                    $      3,056   $     2,697
Plus: Depreciation                       $       495   $       578                    $      1,603   $     1,541
                                       -------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $       446   $       898       (50.3%)      $      4,659   $     4,238        10.0%
                                       ============== =============                  ============== =============

RENAISSANCE WORTHINGTON
-----------------------
Average Occupancy                              74.2%         70.0%      4.2 pts              78.3%         75.4%     2.9 pts
ADR                                      $    141.70   $    131.85         7.5%       $     148.75   $    136.40         9.1%
RevPAR                                   $    105.20   $     92.30        14.0%       $     116.50   $    102.81        13.3%

Total Revenues                           $     6,841   $     6,564         4.2%       $     24,249   $    22,658         7.0%

Net Income / (Loss)                      $      (126)  $      (445)                   $      1,821   $       957
Plus: Depreciation                       $       412   $       637                    $      1,698   $     1,912
Plus: Interest Expense                   $       669   $       714                    $      2,152   $     2,143
                                       -------------- -------------                  -------------- -------------
Hotel Adjusted EBITDA                    $       955   $       906         5.4%       $      5,671   $     5,012        13.1%
                                       ============== =============                  ============== =============
</TABLE>




                                                                         Page 22