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 announced the sale of the Cambria Hotel Nashville Downtown for $109.5 million. The transaction aligns with the company's asset-light strategy, allowing for continued brand growth. The hotel will now be managed by Pyramid Global Hospitality, ensuring it serves as a flagship property for Cambria Hotels. The 255-room hotel is located near Nashville's main attractions and features modern amenities appealing to travelers. More than 60 Cambria hotels are currently open across the U.S. with nearly 70 more in development.
Choice Hotels International, Inc. (NYSE: CHH) will announce its 2022 second quarter earnings results on August 4, 2022, at 7 a.m. EDT. A conference call led by CEO Patrick Pacious and CFO Dominic Dragisich is scheduled for 8 a.m. EDT to discuss the company's performance. Investors can participate via dial-in or access a live webcast on the investor relations website. The earnings call will be recorded and available for replay by 3 p.m. EDT on the same day.
Choice Hotels International (NYSE: CHH) has been awarded a Bronze Award at the 43rd Annual Telly Awards in the Non-Broadcast: General Recruitment category. This accolade recognizes the company's talent management programs and their recent recruitment video, which was developed through data from nearly 50 franchise meetings. The award underscores Choice Hotels' commitment to improving learning resources for its corporate associates and over 65,000 franchisees globally. The Telly Awards featured over 11,000 entries this year, highlighting innovation in the video content industry.
Cambria Hotels, a brand under Choice Hotels International (NYSE: CHH), introduces a summer cocktail program called Taste of the Destination. This initiative features six city-inspired variations of its signature Cambria Margarita, developed by mixologist Zach O'Haire. Each margarita reflects local flavors and is available from June 21 to September 22, 2022, at select locations including Los Angeles, Austin, Louisville, Fort Lauderdale, New Orleans, and Washington D.C. Additionally, travelers can benefit from Cambria's Longer Days promotion, offering up to 20% off longer stays.
Choice Hotels International, Inc. (NYSE: CHH) has announced the opening of the Cambria Hotel Boston Somerville, a four-story, 163-room property that enhances the brand’s expansion in New England. This hotel is strategically located near Boston’s city center and key academic institutions, providing access to corporate headquarters and local attractions. With upscale amenities including a fitness center, multi-purpose spaces, and a planned onsite dining option, the hotel aims to cater to modern travelers. Currently, there are 60 Cambria hotels operational across the U.S., with more planned for the future.
Choice Hotels International (NYSE: CHH) has announced a definitive agreement to acquire Radisson Hotel Group Americas for approximately $675 million. This acquisition includes nine brands, 624 hotels, and over 68,000 rooms, substantially enhancing Choice's presence in the upscale and upper-midscale segments, especially in the West Coast and Midwest. The strategic move aims to extend Choice's customer reach and capitalize on growing travel trends. The deal, expected to close in H2 2022, received unanimous board approval and will be funded by cash and borrowings.
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.