CorePoint Lodging Reports Third 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, Nov. 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 third quarter ended September 30, 2019. Third Quarter 2019 and Subsequent Highlights Net loss of $12 million, or $0.22 loss per fully diluted shareComparable RevPAR of $60.06, a decrease of 6.3% from the same period in 2018 with 542 basis points of RevPAR Index market share declineAdjusted EBITDAre of $38 millionAdjusted FFO attributable to common stockholders of $28 million, or $0.49 per fully diluted shareSold 18 non-core hotels for a combined gross sales price of $70 million. Subsequent to quarter end, sold 12 non-core hotels for a combined gross sales price of approximately $42 million, resulting in a total of 36 hotels sold to date in 2019 for a combined gross sales price of approximately $136 million
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