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) 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.
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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.
Choice Hotels International (NYSE: CHH) has appointed Sally Bartas as the new chief talent and culture officer. This position aims to enhance the company's talent management initiatives and HR strategies, including diversity and inclusion programs. Bartas joins from Stanley Black & Decker, where she held senior HR roles. The appointment follows awards for Choice Hotels' culture, including recognition from Forbes as one of the Best Employers for Veterans 2022. As of September 30, 2022, Choice Hotels operates nearly 7,500 hotels worldwide, supporting a robust corporate growth strategy.
The Ascend Hotel Collection, part of Choice Hotels International (NYSE: CHH), expands with the addition of The Windsor Hotel in Americus, Georgia. This historic boutique hotel, originally built in 1892, has undergone a multi-year transformation and is now equipped with luxurious amenities, including a fitness center and on-site dining options. The partnership with Edgewater Group LLC highlights the brand's success in attracting growth-minded franchise owners. Ascend's unique offerings aim to provide authentic guest experiences while enhancing its global portfolio.
Choice Hotels International (CHH) has declared a cash dividend of $0.2375 per share on its common stock. This dividend is set to be paid on January 17, 2023, to stockholders on record as of January 3, 2023. As of September 30, 2022, Choice Hotels operates nearly 7,500 hotels across 46 countries, providing a diverse range of lodging options. This announcement underscores the company's commitment to returning value to its shareholders.
Choice Hotels International (NYSE: CHH) has announced the groundbreaking of the Everhome Suites in Nampa, Idaho, enhancing its extended stay portfolio. This development comes after a successful quarter, with over 50 hotels in the Everhome brand pipeline since its 2020 launch. The four-story, 122-room facility is set to open in late 2023, catering to longer-staying guests with modern amenities. This strategic investment aims to meet rising demand and enhance its presence in key markets, reinforcing Choice's position in the extended stay segment.