CorePoint Lodging Reports Second Quarter 2019 Results
CorePoint Lodging Inc. (CPLG)
Last corepoint lodging inc. earnings: 3/12 04:20 pm
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Source: GlobeNewswire
IRVING, Texas, Aug. 13, 2019 (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, today reported operational and financial results for the second quarter ended June 30, 2019. Second Quarter 2019 and Subsequent Highlights Net loss of $19 million, or $0.32 loss per fully diluted shareComparable RevPAR of $59.88, a decrease of 6.1% from the same period in 2018 with 455 basis points of RevPAR Index market share declineAdjusted EBITDAre of $46 millionAdjusted FFO attributable to common stockholders of $29 million, or $0.50 per fully diluted shareSold four non-core hotels for a combined gross sales price of approximately $19 million. Subsequent to quarter end, sold seven non-core hotels for a combined gross sales price of approximately $29 million. As a result, the Company has sold 13 hotels for a combined gross sales price of approximately
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