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FOR IMMEDIATE RELEASE ● CorePoint Lodging COREPOINT LODGING REPORTS THIRD QUARTER 2021 RESULTS IRVING , Texas - November 8 , 2021- 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 third quarter ended September 30 , 2021 . Third Quarter 2021 and Subsequent Highlights ● ● Exhibit 99.1 Net income of $ 17 million , or $ 0.28 earnings per diluted share Comparable RevPAR of $ 66.38 , an increase of 71.4 % from the same period in 2020 and a decrease of 4.9 % from the same period in 2019 Adjusted EBITDAre of $ 34 million Adjusted FFO attributable to common stockholders of $ 29 million , or $ 0.47 per diluted share Sold 15 non - core hotels for a combined gross sales price of approximately $ 96 million during the quarter Repaid $ 102 million in total debt during the quarter Subsequent to quarter end , sold 5 non - core hotels for a gross sales price of approximately $ 36 million , resulting in a total of 159 non - core hotels sold since March 2019 for a combined gross sales price of approximately $ 768 million An additional 41 hotels are under contract with qualified buyers , expected to generate approximately $ 278 million of gross proceeds , and are generally expected to close in the first half of 2022 , subject to market and other conditions Subsequent to quarter end , as announced today , the Company has entered into a definitive agreement to be acquired through a joint venture between affiliates of Highgate and Cerberus Capital Management , L.P. ( " Cerberus " ) . For additional details , see the Form 8 - K filed by the Company earlier today with the Securities and Exchange Commission under Items 1.01 and 7.01 . 1