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) announces the opening of the first Cambria hotel in Maine, the Cambria Hotel Portland Downtown Old Port. This six-story hotel features 102 rooms and is strategically located near local attractions and key employers. The hotel focuses on upscale amenities, including multi-purpose spaces, locally inspired designs, and a celebrity-chef-curated menu. This expansion reflects Cambria's commitment to growth in markets with strong business and leisure demand.
Choice Hotels International (NYSE: CHH) is set to announce its 2022 third quarter earnings results on November 7, 2022, at 6 a.m. EST. Following this, a conference call will take place at 8:30 a.m. EST, featuring President and CEO Patrick Pacious and CFO Dominic Dragisich discussing the company's performance. The teleconference can be accessed by calling (888) 349-0087 domestically or (412) 317-5259 internationally. The call will be available for replay on the company's investor relations website.
Choice Hotels International (NYSE: CHH) announced the opening of the Cambria Hotel Manchester South Windsor, its second property in Connecticut, as part of its expansion strategy. This 108-room hotel, located near Hartford, offers modern amenities including a heated indoor pool and spa-style bathrooms. The brand plans further growth with upcoming openings in Austin, Texas, Portland, Maine, and Orlando, Florida. Currently, there are over 60 Cambria hotels across the U.S., with 70 more in the pipeline.
Choice Hotels International (NYSE: CHH) has launched its new extended stay brand, Everhome Suites, with the grand opening of its inaugural hotel in Corona, California. This new midscale product aims to meet the rising demand for longer-stay accommodations. The Everhome Suites Corona features 98 apartment-style rooms and is strategically located near major employers in the area. The brand is also poised for growth, with more than 30 hotels already in the pipeline across several states, highlighting Choice's leadership in the extended stay segment.
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.