CorePoint Lodging Inc. Announces Two New Board Members
September 12 2018 - 4:15PM
CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”)
today announced the appointment of two additional directors to the
Company’s Board of Directors: Jean M. Birch and Alice E. Gould.
With the addition of Ms. Birch and Ms. Gould as independent
directors, the Company’s board will be expanded to eleven members.
“We are delighted to welcome Jean Birch and Alice Gould as new
independent directors on our board. They join CorePoint at an
exciting time,” said Mitesh B. Shah, CorePoint’s Chairman of the
Board. “In addition to their broad range of board leadership
experience, their collective expertise in real estate, finance and
corporate governance, will be invaluable as we embark upon this
journey to establish CorePoint’s unique position within the select
service lodging segment.”
Keith A. Cline, President and Chief Executive Officer of
CorePoint added, “CorePoint is fortunate to have Jean and Alice
join its Board of Directors at such an important time. We look
forward to tapping into their unique perspectives and strategic
experience as we execute on our plans to unlock the embedded growth
opportunities in CorePoint’s existing hotel portfolio, take
advantage of what we believe are attractive growth and
consolidation opportunities in our segment, and drive long term
value creation for stockholders.”
Jean M. Birch is an independent public company
director and veteran C-level operating executive, with more than 20
years of consumer retail experience running large restaurant
companies. Ms. Birch is Chairman of the board for Papa
Murphy’s Holdings, Inc. (NASDAQ: FRSH), a leading national take and
bake pizza franchisor and operator. In addition, Ms. Birch serves
as a director for Forrester Research (NASDAQ: FORR), one of the
most influential global research and advisory firms. Previously,
Ms. Birch served on the board of directors for Darden, a restaurant
company featuring a portfolio of differentiated brands, and Cosi,
Inc., serving as chair of its Compensation Committee and a member
of the Nominating/Corporate Governance Committee.
Ms. Birch completed her undergraduate work at the University of
Arizona where she graduated cum laude with dual degrees in
Economics and Oriental Studies (Mandarin Chinese). She received her
Executive MBA from Southern Methodist University.
Alice E. Gould is the former head of the
Private Investments team at DUMAC Inc., a professionally staffed
investment office controlled by Duke University that manages over
$18 billion of endowment and other Duke-related assets. While
there, Ms. Gould guided the construction of a well-diversified
portfolio of investments in the commercial real estate industry,
including hospitality, multifamily, office and industrial and
expanded the portfolio’s reach geographically to include both
developed and emerging international markets. Ms. Gould also served
on the advisory board of over 20 private equity and real assets
partnerships in the U.S. and abroad. Previously, Ms. Gould was a
management consultant assisting senior executives in the
technology, pharmaceutical, media and financial industries with
strategic initiatives.
Ms. Gould graduated magna cum laude with a B.S. in Engineering
from Duke University and an MBA from The Fuqua School of Business
at Duke University.
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. These forward-looking statements include statements
relating to beliefs about future events, transactions, strategies,
operations and financial results and other non-historical
statements. Such forward-looking statements often contain words
such as “assume,” “will,” “anticipate,” “believe,” “predict,”
“project,” “potential,” “contemplate,” “plan,” “forecast,”
“estimate,” “expect,” “intend,” “is targeting,” “may,” “should,”
“would,” “could,” “goal,” “seek,” “hope,” “aim,” “continue” and
other similar words or expressions or the negative thereof or other
variations thereon. Forward-looking statements are made based upon
management’s current expectations and beliefs and are not
guarantees of future performance. Such forward-looking statements
involve numerous assumptions, risks and uncertainties that may
cause actual results to differ materially from those expressed or
implied in any such statements. The Company’s actual business,
financial condition or results of operations may differ materially
from those suggested by forward-looking statements as a result of
risks and uncertainties which include, among others: risks related
to the Company’s recent spin-off from La Quinta and the merger of
La Quinta’s management and franchise business with Wyndham
Worldwide Corporation; business and financial risks inherent to the
lodging industry; macroeconomic and other factors beyond the
Company’s control; the geographic concentration of the Company’s
hotels; the Company’s inability to compete effectively; the
Company’s concentration in the La Quinta brand; the Company’s
dependence on the performance of La Quinta and other third-party
hotel managers; covenants in the Company’s hotel franchise
agreements that limit or restrict the sale of its hotels; risks
posed by the Company’s acquisition, redevelopment, repositioning,
renovation and re-branding activities, as well as its disposition
activities; risks resulting from significant investments in real
estate; cyber threats and the risk of data breaches or disruptions;
the growth of internet reservation channels; and the Company’s
substantial indebtedness. Additional risks and uncertainties
include, among others, those risks and uncertainties described in
the Company’s Information Statement included as Exhibit 99.1 to the
Form 10 filed with the SEC on May 7, 2018, as such factors may be
updated from time to time in the Company’s periodic filings with
the SEC. You are urged to carefully consider all such factors.
Although it is believed that the expectations reflected in such
forward-looking statements are reasonable and are expressed in good
faith, such expectations may not prove to be correct and persons
reading this communication are therefore cautioned not to place
undue reliance on these forward-looking statements which speak only
to expectations as of the date of this communication. The Company
does not undertake or plan to update or revise forward-looking
statements to reflect actual results, changes in plans,
assumptions, estimates or projections, or other circumstances
occurring after the date of this communication, even if such
results, changes or circumstances make it clear that any
forward-looking information will not be realized. If the Company
makes any future public statements or disclosures which modify or
impact any of the forward-looking statements contained in or
accompanying this press release, such statements or disclosures
will be deemed to modify or supersede such statements in this press
release.
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.
Contact:Investor Relations & MediaKristin Hays(972)
893-3199investorrelations@corepoint.com
Forrester Research (NASDAQ:FORR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Forrester Research (NASDAQ:FORR)
Historical Stock Chart
From Oct 2023 to Oct 2024