Welcome to our dedicated page for Choice Hotels Intl news (Ticker: CHH), a resource for investors and traders seeking the latest updates and insights on Choice Hotels Intl stock.
Choice Hotels International, Inc. (CHH) maintains its position as a leading global lodging franchisor through strategic innovation and a diverse portfolio of hospitality brands. This page serves as the definitive source for all company announcements, operational updates, and industry developments.
Investors and industry professionals will find timely updates on franchise expansions, technology initiatives like the choiceEDGE platform, and brand portfolio enhancements. The curated collection includes earnings disclosures, partnership announcements, and insights into modular conversion solutions that drive operational efficiency across properties.
With a focus on CHH's franchise-first business model and commitment to owner success, this resource provides essential context for understanding the company's market position. Regular updates ensure stakeholders stay informed about initiatives impacting extended-stay demand cycles, midscale hospitality trends, and international growth strategies.
Bookmark this page for direct access to CHH's official communications, including updates on loyalty programs, sustainability efforts, and technological advancements shaping modern hospitality operations.
Choice Hotels International (NYSE: CHH) has expanded its upscale brand by opening the Cambria Hotel Minneapolis Downtown, the third Cambria location in the Twin Cities. This new 121-room hotel is strategically located in the heart of Minneapolis, close to restaurants, breweries, and attractions like the U.S. Bank Stadium. The hotel offers modern amenities tailored for both leisure and business travelers. With over 60 Cambria hotels in the U.S. and nearly 70 more in development, the brand aims to enhance its presence in key urban centers.
Choice Hotels International (NYSE: CHH) has signed an agreement with Noble Investment Group to develop nine new WoodSpring Suites hotels in Georgia and South Carolina within the next two years. This expansion signals increased institutional interest in the economy extended-stay segment, where Choice Hotels is a leader. WoodSpring Suites offers fully equipped suites designed for longer stays, including kitchens and laundry facilities. As of September 30, 2022, Choice Hotels has over 200 open WoodSpring locations and 205 more in the pipeline, positioning itself for further growth in the hospitality market.
Choice Hotels International (NYSE: CHH) reported a robust third quarter for 2022, with domestic RevPAR growth of 15.2% compared to 2019, outpacing the industry average. The company awarded 38% more domestic franchise agreements than a year earlier and reported revenues of $414.3 million, up 28% year-over-year. Net income stood at $103.1 million, equating to diluted EPS of $1.85. The acquisition of Radisson Hotels Americas for $674 million is expected to bolster future growth, enhancing EBITDA significantly by early 2024.
Cambria Hotels, a brand of Choice Hotels International (NYSE: CHH), unveiled the "Threads Collection," featuring destination-inspired socks designed by local artists from New England, South Carolina, and Arizona. This initiative aims to enhance the guest experience and promote local artistry. The first collection is showcased at select Cambria hotel locations, including Portland Downtown Old Port, Columbia Downtown The Vista, and Downtown Phoenix Convention Center. Cambria operates over 60 hotels across the U.S. and plans to add nearly 70 more.
Choice Hotels International, Inc. (NYSE: CHH) announces the opening of the first Cambria hotel in Maine, the Cambria Hotel Portland Downtown Old Port. This six-story hotel features 102 rooms and is strategically located near local attractions and key employers. The hotel focuses on upscale amenities, including multi-purpose spaces, locally inspired designs, and a celebrity-chef-curated menu. This expansion reflects Cambria's commitment to growth in markets with strong business and leisure demand.
Choice Hotels International (NYSE: CHH) is set to announce its 2022 third quarter earnings results on November 7, 2022, at 6 a.m. EST. Following this, a conference call will take place at 8:30 a.m. EST, featuring President and CEO Patrick Pacious and CFO Dominic Dragisich discussing the company's performance. The teleconference can be accessed by calling (888) 349-0087 domestically or (412) 317-5259 internationally. The call will be available for replay on the company's investor relations website.
Choice Hotels International (NYSE: CHH) announced the opening of the Cambria Hotel Manchester South Windsor, its second property in Connecticut, as part of its expansion strategy. This 108-room hotel, located near Hartford, offers modern amenities including a heated indoor pool and spa-style bathrooms. The brand plans further growth with upcoming openings in Austin, Texas, Portland, Maine, and Orlando, Florida. Currently, there are over 60 Cambria hotels across the U.S., with 70 more in the pipeline.
Choice Hotels International (NYSE: CHH) has launched its new extended stay brand, Everhome Suites, with the grand opening of its inaugural hotel in Corona, California. This new midscale product aims to meet the rising demand for longer-stay accommodations. The Everhome Suites Corona features 98 apartment-style rooms and is strategically located near major employers in the area. The brand is also poised for growth, with more than 30 hotels already in the pipeline across several states, highlighting Choice's leadership in the extended stay segment.
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