CorePoint Lodging Inc. (NYSE: CPLG) will report its financial results for Q4 and full year 2020 after market close on March 11, 2021. A conference call for investors will follow at 5:00 p.m. ET, accessible via phone or live webcast. The replay will be available from March 11 at 8:00 p.m. ET until March 18, 2021. CorePoint focuses on owning midscale and upper-midscale select-service hotels, primarily La Quinta brands, in strategic locations near employment centers and airports.
CorePoint Lodging (CPLG) reported a net loss of $(8) million, or $(0.14) per share, for Q3 2020, an improvement from $(12) million year-over-year. Comparable RevPAR dropped 42.2% to $37.35, with occupancy at 52.3%. Adjusted EBITDAre was $8 million, a decline of 78.9% from 2019. The company sold 20 non-core hotels for $97 million this quarter, totaling 51 hotels sold in 2020 for $233 million. They remain cautious about future performance amid ongoing pandemic impacts but are positioned for recovery in midscale segments.
CorePoint Lodging Inc. (NYSE: CPLG) will report its Q3 2020 financial results on November 5, 2020, after market close. A conference call for investors will be held at 5:00 p.m. ET on the same day, accessible via phone or webcast. The call replay will be available from 8:00 p.m. ET on November 5 to 8:00 p.m. ET on November 12, 2020. CorePoint specializes in midscale and upper-midscale select-service hotels, primarily operating La Quinta branded hotels. For more details, visit their website.
CorePoint Lodging Inc. (CPLG) reported a net loss of $(107) million or $(1.89) per share for Q2 2020, significantly impacted by a $52 million GAAP impairment charge and a 62.5% drop in comparable RevPAR. Total revenues fell 67.1% to $72 million compared to the same period last year. However, operational improvements were noted, with month-over-month occupancy rising from 20.9% in April to 50.4% in June. The company has sold 40 non-core hotels in 2020 for $180 million, aiming to strengthen its core portfolio. Dividends remain suspended, saving approximately $45 million annually.
CorePoint Lodging Inc. (NYSE: CPLG) plans to report its second-quarter financial results after the market closes on August 10, 2020. A conference call for investors will take place at 5:00 p.m. Eastern Time on the same day, allowing participants to discuss the results. The call can be joined via phone or webcast. The replay will be available from 8:00 p.m. on August 10, 2020, through 8:00 p.m. on August 17, 2020.
CorePoint Lodging reported a net loss of $21 million or $0.37 per share for Q1 2020, an improvement from a $27 million loss in Q1 2019. Comparable RevPAR dropped 22.8% to $48.20, with total revenues down 29.8% to $146 million. The company has initiated cost-saving efforts due to the COVID-19 pandemic, including suspending dividends and selling non-core hotels, totaling $113 million in sales in 2020. Occupancy improved from a low of 15% in April to approximately 35% by mid-May 2020, as hotels began resuming operations.
CorePoint Lodging Inc. (NYSE: CPLG) announced it will report its first quarter 2020 financial results after market close on May 20, 2020. A conference call to discuss these results will be held at 5:00 p.m. ET the same day, accessible via phone or webcast. The replay of the call will be available from 8:00 p.m. ET on May 20, through May 27, 2020. CorePoint is a publicly traded U.S. lodging REIT focused on midscale and upper-midscale select-service hotels, primarily branded under La Quinta.
CorePoint Lodging Inc. (NYSE: CPLG) announced its 2020 Annual Meeting of Stockholders will be held virtually on May 21, 2020, at 10:00 a.m. Central Time to ensure safety amid the COVID-19 pandemic. Only stockholders of record as of April 2, 2020, can vote. Participants can access the meeting via www.virtualshareholdermeeting.com/CPLG2020 using a control number from their proxy materials. CorePoint emphasizes the importance of shareholder engagement and plans to return to in-person meetings in the future.