About CorePoint Lodging
CorePoint Lodging is a company based in Irving (United States) founded in 2017, and was acquired by Cerberus Capital Management in November 2021. Hospitality services in lodging are provided across the United States. Its chief executive, as recorded, is Keith Cline.
Company details
CorePoint Lodging was founded in 2017 and is headquartered in Irving, United States. Operations are focused on the hospitality sector, where lodging accommodations and related services are managed for business and leisure travelers. A network of hotels is maintained in various U.S. markets to support guest stays. Leadership is provided by Keith Cline as CEO and President, overseeing daily functions and strategic direction.
- Headquarters Irving, United States
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website corepoint.com
- Acquired by Cerberus Capital Management (Nov 2021)
- Annual Revenue$411 M (USD)-49as on Dec 31, 2020
- Net Profit-$178 M (USD)16as on Dec 31, 2020
- EBITDA$10 M (USD)11as on Dec 31, 2020
- Latest Funding Round$1B (USD), Debt – Conventional
Jul 2018
- InvestorsHighgate
& 1 more
- Acquired byCerberus Capital Management
(Nov 2021)
Funding Insights of CorePoint Lodging
- Total Rounds 1
- Last Round Debt – Conventional — $1B
- First Round $1B
(Jul 2018)
All 1 funding rounds of CorePoint Lodging with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $1B | Debt – Conventional | – | – | – |
2 investors in total: 2 institutional.
Investors in CorePoint Lodging
CorePoint Lodging has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Highgate and Cerberus Capital Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and debt firm focused on multiple sectors | cerberus.com | New York, United States | ||
Hospitality investment and management services are provided for properties. | 1988 | highgate.com | New York, United States |
Investor details for CorePoint Lodging
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of CorePoint Lodging
1 people are tracked at CorePoint Lodging (1 in leadership).
| Name | Role | Group |
|---|---|---|
Keith Cline | CEO & President | Leadership |
Complete people profiles for CorePoint Lodging
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of CorePoint Lodging
3 dated milestones of CorePoint Lodging across 4 years, from founding to its latest funding, stage changes and deals.
- Founded CorePoint Lodging is founded.
- Funding First funding round of $1.0B.
- Exit Acquired by Cerberus Capital Management.
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Frequently Asked Questions about CorePoint Lodging
CorePoint Lodging was founded in 2017 and raised its 1st funding round 1 year after it was founded.
CorePoint Lodging is headquartered in Irving, United States. It is registered at Irving, Texas, United States.
Keith Cline is the CEO of CorePoint Lodging, as recorded in our data.
Annual revenue of CorePoint Lodging is $411M as on Dec 31, 2020.
CorePoint Lodging was founded in 2017 and is headquartered in Irving, United States. Operations are focused on the hospitality sector, where lodging accommodations and related services are managed for business and leisure travelers. A network of hotels is maintained in various U.S. markets to support guest stays. Leadership is provided by Keith Cline as CEO and President, overseeing daily functions and strategic direction.
CorePoint Lodging has 2 investors. Key investors include Highgate, and Cerberus Capital Management.
Yes. CorePoint Lodging was acquired by Cerberus Capital Management in November 2021.