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 commenced construction on the new Cambria Hotel Lake Placid in New York, set to open in fall 2023. This upscale hotel will feature 185 rooms and is strategically located by the Adirondack Mountains, catering to leisure travelers. The hotel will offer modern amenities, including a state-of-the-art fitness center and various indoor and outdoor spaces. With 60 Cambria hotels currently open and nearly 70 more in development, this new addition marks an important step in Choice Hotels' expansion strategy.
Cambria Hotels, a brand of Choice Hotels International (NYSE: CHH), has secured 10 new franchise agreements aimed at expanding its presence in attractive secondary and leisure markets. The agreements support the new cost-efficient Cambria prototype which balances upscale design with operational efficiency. Recently, the brand marked four groundbreakings in under ten days, showcasing robust growth despite rising interest rates and construction costs. Additionally, the number of domestic franchise agreements awarded in Q1 2022 has more than doubled from the previous year, indicating strong market demand.
Choice Hotels International (NYSE: CHH) has launched a summer promotion for its loyalty program, Choice Privileges. From now until August 1, 2022, members can earn a $50 gift or reward card after completing two qualifying stays at participating hotels. This initiative aims to enhance travel experiences by providing members with easy-to-earn perks on their trips. Choice Privileges membership is free and offers various rewards, including bonus points and exclusive benefits. The promotion encourages travelers to book directly through ChoiceHotels.com or the mobile app.
Choice Hotels International (NYSE: CHH) has officially started construction on the Cambria Hotel Rehoboth Beach in Delaware, set to open in spring 2024. This four-story, 114-room hotel will be the brand's inaugural property in Delaware, enhancing Cambria's footprint across major U.S. markets. The hotel will feature modern amenities, including pools and meeting spaces, while catering to the tourism-driven Delmarva Peninsula. Choice Hotels continues to expand, with 60 Cambria hotels currently open and nearly 70 in the pipeline, reflecting a strong growth trajectory.
Choice Hotels International (NYSE: CHH) has declared a cash dividend of $0.2375 per share on its common stock. The dividend is scheduled for payment on July 14, 2022, to shareholders of record as of July 1, 2022. This announcement reflects the company's ongoing commitment to return value to its shareholders amidst its extensive portfolio of nearly 7,000 hotels across 35 countries.
Choice Hotels International (NYSE: CHH) expands its Ascend Hotel Collection by adding three new properties in Port Washington, Wisconsin; Newburgh, New York; and Tulsa, Oklahoma. The hotels are strategically located near metropolitan areas and are operated by experienced franchise owners. The diverse locations cater to evolving travel preferences, offering unique experiences to guests. Ascend’s portfolio now includes over 315 properties globally, maintaining its status as the largest soft brand in the hotel industry. The brand continues to attract both new and existing franchisees, enhancing its market presence.
Choice Hotels International (NYSE: CHH) reported impressive first-quarter results for 2022, with domestic RevPAR up 10.4% compared to 2019 levels, driven by a 9.3% increase in average daily rates and improved occupancy rates. Total revenues soared 41% to $257.7 million year-over-year, while net income jumped 200% to $67.4 million, resulting in diluted EPS of $1.20. The company awarded 93 new domestic franchise agreements, a 4% increase, and plans further growth in its extended-stay segment. With a robust liquidity position of $1.13 billion, Choice Hotels is well-positioned for continued expansion.
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