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IRVING, Texas, Aug. 07, 2018 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”) announced today that its Board of Directors declared a cash dividend of $0.067 per share of common stock with respect to the second quarter of 2018, which represents an anticipated regular quarterly dividend of $0.200 per share of common stock pro rated for the period of the completion of CorePoint’s spin-off from La Quinta Holdings Inc. on May 30, 2018 through the last day of the second quarter of 2018. This dividend is payable on September 14, 2018 to stockholders of record as of the close of business on August 30, 2018.
CorePoint Lodging Inc. is the only pure-play publicly-traded U.S. lodging REIT strategically focused on the ownership of midscale and upper-midscale select-service hotels. CorePoint owns a geographically diverse portfolio of 316 hotels and more than 40,000 rooms across 41 states in attractive locations primarily in or near employment centers, airports and major travel thoroughfares. The portfolio consists of all La Quinta branded hotels, except for one Baymont branded hotel. For more information, please visit CorePoint’s website at www.corepoint.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those risks and uncertainties described in CorePoint’s Information Statement included as Exhibit 99.1 to its Registration Statement Form 10 filed with the Securities and Exchange Commission (the “SEC”) on May 7, 2018, as such factors may be updated from time to time in CorePoint’s periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in CorePoint’s filings with the SEC. CorePoint undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
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