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CorePoint Lodging Inc. Announces Third Quarter 2018 Dividend

1266 Days ago

IRVING, Texas, Sept. 19, 2018 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”) announced today that its Board of Directors declared a cash dividend of $0.20 per share of common stock with respect to the third quarter of 2018. This dividend is payable on October 15, 2018 to stockholders of record as of the close of business on October 1, 2018.

About CorePoint Lodging Inc.

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 315 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.

Forward-looking Statements

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.

Investor Relations & Media
Kristin Hays

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