CorePoint Lodging (CPLG) Reports Q4 Revenues Above Estimates

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Go back to CorePoint Lodging (CPLG) Reports Q4 Revenues Above Estimates

CorePoint Lodging Reports Fourth Quarter 2018 Results

March 21, 2019 4:20 PM EDT

IRVING, Texas, March 21, 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 fourth quarter and year ended December 31, 2018.

Fourth Quarter 2018 Highlights

Net loss attributable to CorePoint Lodging common stockholders of $186 million, or $3.17 loss per fully diluted share, includes the impact of a non-cash impairment charge of $154 millionComparable RevPAR of $53.61, an increase of 9.9% from the same period in 2017 with 1,220 bps of RevPAR Index market... More