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.
Cambria Hotels announces the opening of its first property in Connecticut, the Cambria Hotel New Haven University Area. This six-story hotel features 130 rooms and is strategically located near Yale University and various city attractions. The property expands the Cambria brand's footprint in top New England markets, which includes ongoing developments in Boston and Portland. With over 60 Cambria hotels currently open across the U.S., the brand aims to enhance its appeal to modern travelers.
Choice Hotels International (NYSE: CHH) has announced a cash dividend of $0.2375 per share, which will be paid on October 14, 2022. Stockholders must be on record by October 3, 2022 to qualify for this dividend. This decision reflects the company's commitment to returning value to its shareholders amidst recent growth, including the acquisition of Radisson Hotels Americas, which adds numerous new brands and rooms to its portfolio.
Choice Hotels International (NYSE: CHH) has partnered with ServiceStar Capital Management to develop 21 new Everhome Suites hotels across several states, including Colorado, Arizona, Utah, Nevada, and Florida. This significant initiative marks the largest investment in the Everhome brand to date, signaling robust growth potential in the extended stay sector. The first hotel is scheduled to open soon, with over 30 additional properties in the pipeline. Choice Hotels aims to leverage its expertise in midscale hospitality to cater to longer-staying guests with purpose-built accommodations.
Choice Hotels International (NYSE: CHH) has partnered with LEARFIELD to enhance its Choice Privileges loyalty program by offering exclusive college football experiences. Members can now redeem points for unique opportunities, including private stadium tours and sideline passes at eight universities. Additionally, a series of sweepstakes will allow fans to win tickets and hospitality access to games until September 27. This initiative targets the growing demand for memorable experiences among the program's 54 million members.
Choice Hotels International (NYSE: CHH) announced an increase in its share repurchase program by five million shares, bringing the total to approximately 6.7 million shares available for buyback. This decision reflects the company's confidence in driving shareholder value and utilizing capital effectively. The move is expected to have a positive impact on earnings per share (EPS) and overall investor sentiment.
Choice Hotels International (NYSE: CHH) announces the launch of Your Key to Profit, a free resource aimed at enhancing franchise owner profitability. Set to debut in Q4 2022, this mobile-friendly platform consolidates vital profitability tools, including benchmarking resources and revenue management tools, directly accessible from choiceADVANTAGE. Emphasizing the company's commitment to franchisee success, the initiative is designed to help owners reduce ownership costs and improve profitability, contributing to an industry-leading franchisee retention rate.
Choice Hotels International (NYSE: CHH) celebrates National Waffle Day with its #ComfortSaysThanks campaign, honoring hometown heroes. Nearly 100 Comfort Hotels will provide free waffles to community service groups throughout August. The brand also donates waffle kits to local organizations and runs a sweepstakes for customers to win their own kit. This campaign reflects Comfort's commitment to community support and enhancing guest experiences. Following a multiyear transformation, Comfort aims to deliver updated accommodations and amenities at over 2,100 hotels globally.
Choice Hotels International (NYSE: CHH) has been awarded a gold ranking, placing fourth in the 2022 LearningElite Awards, recognizing its Choice University learning platform for its exceptional workforce development efforts. The awards highlight organizations that employ effective strategies that yield significant business results. Additionally, Choice Hotels received the Editor's Choice Award for Best Small Company. This recognition underscores the importance of learning in achieving organizational success, as stated by company officials.
Choice Hotels International (NYSE: CHH) has appointed Noha Abdalla as Chief Marketing Officer, enhancing its guest experience strategy. Abdalla, with over 20 years of experience, previously served as CMO at MyEyeDr. and held senior roles at Hilton and Capital One. Reporting to CEO Patrick Pacious, she will oversee marketing and communications while developing a future technology roadmap. The appointment aligns with Choice's strategy to adapt to evolving consumer preferences and drive growth.
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