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, Inc. (CHH) maintains its position as a leading global lodging franchisor through strategic innovation and a diverse portfolio of hospitality brands. This page serves as the definitive source for all company announcements, operational updates, and industry developments.
Investors and industry professionals will find timely updates on franchise expansions, technology initiatives like the choiceEDGE platform, and brand portfolio enhancements. The curated collection includes earnings disclosures, partnership announcements, and insights into modular conversion solutions that drive operational efficiency across properties.
With a focus on CHH's franchise-first business model and commitment to owner success, this resource provides essential context for understanding the company's market position. Regular updates ensure stakeholders stay informed about initiatives impacting extended-stay demand cycles, midscale hospitality trends, and international growth strategies.
Bookmark this page for direct access to CHH's official communications, including updates on loyalty programs, sustainability efforts, and technological advancements shaping modern hospitality operations.
Choice Hotels International, Inc. (NYSE: CHH) has commenced construction on a new Cambria hotel in New Haven, Connecticut, slated to open in Summer 2022. This six-story, 130-room hotel will feature upscale amenities, including a state-of-the-art fitness center and locally inspired design. The groundbreaking signifies ongoing brand expansion, with new hotels also opening this year in various locations like Fort Lauderdale and Orlando. With nearly 80 hotels in the pipeline, Cambria aims to enhance guest experiences in key markets across the U.S.
Choice Hotels International, Inc. (NYSE: CHH) announced the opening of its 30th Clarion Pointe property, with new locations in Raleigh, South Boston, and Green Bay. The brand now includes nearly 70 hotels either open or in development. Clarion Pointe focuses on affordable accommodation with enhanced amenities and modern design, appealing to cost-conscious travelers. Future openings are planned in Augusta, Indianapolis, and Charlottesville. The brand's guest satisfaction rates have been high, reflecting its modern guest experience and commitment to cleanliness.
On May 20, 2021, Choice Hotels International (NYSE: CHH) announced the opening of its 30th property under the Clarion Pointe brand. This expansion follows the launch of three hotels in Raleigh, North Carolina, South Boston, Virginia, and Green Bay, Wisconsin, bringing its portfolio to nearly 70 hotels. The brand aims to cater to savvy travelers seeking affordable and modern accommodations. Future openings are planned in Augusta, Georgia, Indianapolis, Indiana, and Charlottesville, Virginia, among others.
Choice Hotels International (NYSE: CHH) reported Q1 2021 results with a domestic systemwide RevPAR decline of 18.7% compared to 2019. Despite this, it outperformed the industry by 23 percentage points and saw a 140% increase from April 2020 RevPAR. The Board reinstated a quarterly dividend of $0.225 per share and resumed a share repurchase program, holding $823 million in liquidity. The company awarded 89 domestic franchise agreements, a 53% increase year-over-year. Net income stood at $22.3 million, with adjusted EBITDA of $63.1 million, down 11% from last year.
Choice Hotels International (NYSE: CHH) announced a cash dividend of $0.225 per share, payable on July 16, 2021. Shareholders of record as of July 1, 2021 will receive this payment. Additionally, the Board has approved a share repurchase program for up to 3.4 million shares, indicating strong confidence in the company’s liquidity and outlook. CEO Patrick Pacious emphasized that these moves reflect a commitment to returning capital to shareholders and the company’s resilience during recovery from the pandemic.
Choice Hotels International (NYSE: CHH) announces a Spring Savings promotion from May 3 to May 23, offering up to 20% off for members booking stays at participating properties. Discounts are 20% for Sunday-Wednesday arrivals and 15% for Thursday-Saturday. The loyalty program, Choice Privileges, is recognized as a top hotel loyalty program and allows free membership with benefits including bonus points and airline miles. Changes to the program make it easier to earn elite status, enhancing customer engagement as travel resumes.
Choice Hotels International (NYSE: CHH) announces the opening of the Cambria Hotel Orlando Airport, expanding its upscale brand portfolio. This new property features 108 rooms and is the fourth Cambria hotel launched in 2021. Located near Orlando International Airport, it offers upscale amenities designed for modern travelers, such as a relaxing outdoor pool and multi-purpose spaces. The brand plans to open additional hotels in key markets, including Austin and Nashville, reflecting a robust expansion strategy as travel demand rises.
Choice Hotels International (NYSE: CHH) will report its 2021 first quarter earnings on May 10, 2021, before the market opens. A conference call will follow at 10:30 a.m. Eastern Time, featuring CEO Patrick Pacious and CFO Dominic Dragisich discussing the results. Participants can join by calling (888) 349-0087 or via the live webcast on the investor relations website. The recorded call will be available by 2 p.m. Eastern Time the same day. Choice Hotels is a leading lodging franchisor with over 7,100 hotels globally, offering a range of lodging options.
Cambria Hotels, part of Choice Hotels International (NYSE: CHH), has formed a collaboration with Cambria Estate Winery to enhance guest experiences starting in June 2021. This partnership will feature the winery's award-winning wines, including Julia's Vineyard Pinot Noir and Katherine's Vineyard Chardonnay, available at Cambria Hotels' restaurants and bars. The collaboration reflects both brands' commitment to providing enriching experiences and includes interactive 'Corks & Crafts' events. The initiative aligns with the increasing demand for in-room and outdoor dining options amid evolving traveler preferences.
Choice Hotels International (NYSE: CHH) has introduced the new Comfort Rise & Shine prototype to celebrate the brand's 40th anniversary and to promote growth. The new design emphasizes efficiency, functionality, and flexibility for developers while maintaining guest satisfaction. Key features include outdoor patios, high ceilings, and customizable color schemes. The transformation, part of a $2.5 billion multi-year enhancement, aims to optimize returns for hotel owners and cater to evolving guest needs. The first Rise & Shine prototype hotels are set to open in 2023.
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