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 reports developments across its global lodging franchise business, including brand growth, franchise agreements, hotel openings, revenue management, and performance across extended stay, midscale, upscale, and economy segments. Company updates frequently reference brands and platforms such as Sleep Inn, Ascend Collection, Radisson, Choice Privileges, and franchise-owner tools that support booking, distribution, and hotel operations.
Recurring news also covers technology deployment in hospitality, including AI-enabled solutions such as Choice Hotels Business Direct, EasyBid, CHARLIE, RAISE, AgentCore, and AgentForce. Other updates address international expansion, the Canadian direct franchising model, loyalty and traveler research, annual convention themes, and quarterly operating results for the franchise-driven hotel portfolio.
Choice Hotels International, Inc. (NYSE: CHH) has announced the opening of the Cambria Hotel Austin Uptown Near the Domain, part of its upscale Cambria brand, located in Austin, Texas, a key area in the 'Silicon Hills' technology corridor. This 135-room hotel is the second of three planned properties in Austin, offering modern amenities like multi-purpose spaces, spa-style bathrooms, and an on-site dining option. Situated near major tech offices, this hotel caters to both business and leisure travelers. As of now, there are 65 Cambria hotels across the U.S., with nearly 70 additional hotels planned.
Choice Hotels (NYSE: CHH) expands its Ascend Hotel Collection by adding Circus Circus Hotel & Casino in Las Vegas, enhancing booking options for its 55 million Choice Privileges members. Following a landmark agreement, Circus Circus rooms are now directly bookable on ChoiceHotels.com. This family-friendly resort offers 3,700 rooms and unique amenities, including an indoor amusement park and award-winning dining. With Circus Circus, Choice Hotels now features over 6,500 rooms on the Las Vegas Strip, alongside more than 20 casino properties nationwide. The Ascend Hotel Collection has over 330 properties worldwide as of September 30, 2022.
Choice Hotels International (NYSE: CHH) has strategically expanded its portfolio, becoming a key player in the upscale and extended stay segments. Highlights include the opening of the first Everhome Suites and the 65th Cambria Hotel, alongside the launch of Suburban Studios and the acquisition of Radisson Hotels Americas. The company now operates 22 brands with nearly 7,500 hotels and 630,000 rooms worldwide. Cambria Hotels has signed 20 new agreements, while WoodSpring Suites has expanded its pipeline by 68% in 2022, reflecting growing demand for extended stay options.
Choice Hotels International (NYSE: CHH) will announce its 2022 fourth quarter and full-year earnings results before the market opens on February 15, 2023. A conference call is scheduled for 10 a.m. EST, led by CEO Patrick Pacious and CFO Dominic Dragisich, to discuss the company's performance. Investors can join the call by dialing (888) 886-7786 for domestic or (416) 764-8658 for international access, using conference ID 21655006. The call will also be available via a live webcast on the investor relations website. A replay will be accessible by 2 p.m. EST on February 15, 2023.
Choice Hotels International, Inc. (NYSE: CHH) CEO Patrick Pacious has been named one of the highest-rated CEOs for the fourth consecutive year by Comparably. This accolade reflects the company's strategic growth, including the successful transformation of brands like Comfort and the acquisition of Radisson Hotels Americas. Pacious emphasized the strength of Choice's team and its support for over 13,000 franchise owners. Under his leadership, Choice became the first hotel company to exceed pre-pandemic performance, showcasing its resilience and commitment to innovation.
Choice Hotels International (NYSE:CHH) has signed a franchise agreement with The Brittano Group, Inc. to develop The Rook Hotels, a new member of the Ascend Hotel Collection in South Boston, Virginia. This hotel will feature 37 rooms, a rooftop bar, and a full-service restaurant, and is expected to open in summer 2024. This agreement is significant as it marks the first hotel awarded through Choice's emerging markets franchise program, aimed at increasing diversity in the hospitality industry. The Brittano Group, owned by actor Julian Brittano and contractor Karie Brittano, aims to revitalize the local community.
Choice Hotels International (NYSE: CHH) has expanded its Safe Stays by ReloShare initiative by including Radisson Hotels Americas, increasing the number of hotels participating in the emergency lodging program for victims of violence to over 90% of its U.S. locations. Launched in February 2022, the platform facilitates anonymous bookings, helping social service agencies provide immediate housing for survivors. Additionally, as of January 10, 2023, more than 6,000 hotels within the Choice portfolio offer safe accommodations, contributing to efforts against domestic violence.
Summary not available.
Choice Hotels International (NYSE: CHH) has opened the Cambria Hotel Savannah Downtown Historic District, marking its first property in Georgia. Located in Savannah's National Historic Landmark District, the six-story hotel features 101 rooms and provides easy access to popular attractions and local employers. The hotel boasts modern amenities, including upscale rooms, spa-style bathrooms, and a state-of-the-art fitness center. As of September 30, 2022, Choice Hotels has over 60 Cambria locations in the U.S. and plans for nearly 70 more.
Choice Hotels International (NYSE: CHH) has announced the groundbreaking of a new WoodSpring Suites hotel in Corona, Southern California. This 122-room extended stay property is set to open in late 2023, expanding Choice's footprint in California. The hotel will feature smoke-free rooms with kitchen amenities, a 24-hour fitness center, and complimentary amenities for guests. The development is part of a broader strategy that includes multiple new properties, aiming to meet the rising demand for extended stay accommodations across the U.S.