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 (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.
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.
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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.
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