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) has relaunched its popular loyalty program promotion, the "Members Only Madness", available until November 20. This initiative offers exclusive discounts, gift card deals, and bonus points for bookings at Choice-branded hotels. Members will receive daily email alerts on available deals, accessible via the Choice Hotels mobile app or through CPMadness.com. Membership is free and provides various rewards, including points for future stays and unique benefits through partnerships.
Choice Hotels International (NYSE: CHH) reported significant growth for Q3 2021, with RevPAR increasing by 11.4% compared to Q3 2019, outpacing industry averages. Net income rose 53% to $116.7 million, with diluted EPS of $2.08. The company awarded 289 franchise agreements YTD, a 25% increase from 2020. Adjusted EBITDA reached $133.2 million, up 18% from 2019. The extended-stay portfolio surged with an 18.2% RevPAR increase. Total available liquidity exceeds $1 billion, supporting continued development and shareholder returns, including $12.5 million in dividends in October 2021.
Choice Hotels International (NYSE: CHH) has signed a lease for a new corporate headquarters in North Bethesda, Maryland, covering over 105,000 square feet. The headquarters, part of the Pike & Rose development, is set to be operational by Q4 2023. This facility will complement an existing technology center in Scottsdale, Arizona. The new location is designed with amenities for employee well-being and is strategically located near public transport and retail options. The building will target LEED Gold certification and features a rooftop conference center and fitness center.
On October 25, 2021, Federal Realty Investment Trust announced a long-term lease with Choice Hotels International for 105,000 square feet at 915 Meeting Street in North Bethesda, Maryland. This new 276,000-square-foot office building will feature top amenities and is set to begin construction later this year. Choice Hotels plans to relocate 400 employees there starting December 2023. The Pike & Rose development includes retail and dining options, contributing to the area's growth and corporate interest.
Choice Hotels International (NYSE: CHH) has announced an update regarding its 2021 third quarter investor conference call. The call will take place at 8 a.m. Eastern Time on November 4, 2021, following the financial results announcement at 7 a.m. Eastern Time. Patrick Pacious, CEO, and Dominic Dragisich, CFO, will discuss the company's performance. Participants can join via a conference call or live webcast from the company's investor relations website.
Choice Hotels International (NYSE: CHH) will announce its 2021 third quarter earnings before the market opens on November 4, 2021. A conference call will follow at 10 a.m. Eastern Time with CEO Patrick Pacious and CFO Dominic Dragisich discussing company performance. The teleconference can be accessed by calling (888) 349-0087 (domestic) or (412) 317-5259 (international). A live webcast will be available on their investor relations website.
The replay will be available by 2 p.m. Eastern Time on the same day.
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Choice Hotels International (NYSE: CHH) has launched a new leisure rate for military personnel, veterans, and their families, allowing them to save up to 12% at participating hotels. This initiative aims to recognize and support military members, coinciding with Veterans Day. Additionally, new military program members will earn 2,500 Choice Privileges points and receive upgraded membership status. The company has previously partnered with Operation Homefront, donating over $100,000 in 2020 to assist military families. Choice Hotels operates over 7,100 hotels globally, providing a range of lodging options.
On Sept 30, 2021, Cambria Hotels, part of Choice Hotels International (NYSE: CHH), launched a new hotel prototype aimed at enhancing growth in secondary and leisure markets. This design allows developers to build at a reduced cost by decreasing square footage by 20% while maintaining brand standards. With the option to customize designs, this initiative is expected to accelerate Cambria's expansion into over 300 markets with older upscale hotels. Currently, there are over 130 Cambria hotels in operation or planned across the U.S.
Choice Hotels International (NYSE: CHH) has celebrated the opening of its 300th WoodSpring Suites hotel in Gurnee, Illinois. This milestone underscores the brand's fast-paced expansion within the extended stay segment, which comprises over 300 locations in 38 states and an additional 100 in development. WoodSpring's growth reflects the increasing demand for budget-friendly, long-term accommodations, especially during the COVID-19 pandemic. With a strong pipeline and multiple franchise agreements, Choice Hotels is poised for further growth, enhancing value for investors and franchisees.