COREPOINT LODGING PROVIDES UPDATE ON OPERATIONS AND MEASURES TO MITIGATE IMPACT OF COVID-19
CorePoint Lodging Inc. (CPLG)
Last corepoint lodging inc. earnings: 3/12 04:20 pm
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Source: GlobeNewswire
IRVING, Texas, April 09, 2020 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”), a pure play select-service hotel owner strategically focused on the midscale and upper-midscale segments, provided an update today on its operations and the aggressive cost containment measures to mitigate the ongoing operational and financial impact from the COVID-19 virus as well as an update on asset sales. “We continue to work with our third-party manager to place the health and safety of our hotels’ guests and employees above all else in this period of unprecedented disruption and uncertainty for the lodging industry,” noted Keith Cline, President and Chief Executive Officer of CorePoint. “In mid-March, we began taking aggressive steps at the corporate and hotel level to control costs and preserve capital. As occupancy trends have continued to deteriorate, our asset managers, together with our third-party property manager, have accelerated these cost mitigat
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