Choice Hotels Intl Inc Stock Price, News & Analysis

Choice Hotels International, Inc. (NYSE: CHH) has announced the opening of the Cambria Hotel Greenville, its fifth property in South Carolina. This four-story hotel features 126 rooms and is strategically located near significant corporate offices and attractions. The hotel aims to cater to both leisure and business travelers with upscale amenities including contemporary rooms, on-site dining, and meeting spaces. With over 50 Cambria hotels currently open in the U.S. and 82 in development, the brand continues its expansion vision.

On July 23, 2020, Choice Hotels International (NYSE: CHH) announced the pricing of its $183,429,000 Tender Offer for its 5.750% Senior Notes due 2022. The offer will expire on August 5, 2020. Notes validly tendered by the Early Tender Time of July 22, 2020, will receive a total consideration of $1,074.79 per $1,000 principal along with accrued interest. The company will not accept late tenders as the maximum tender amount was reached. The tender offer aims to reduce outstanding debt and improve financial flexibility.

Choice Hotels International (NYSE: CHH) announced the early tender results for its cash tender offer to purchase up to $180 million of its 5.750% Senior Notes due 2022. The maximum tender amount has been increased to $183.43 million. As of July 22, 2020, a total of $183.43 million in notes was tendered. The tender offer will expire on August 5, 2020, and payment for the validly tendered notes is expected on July 24, 2020. The company is not accepting notes tendered after the early tender time, as all validly tendered notes will be purchased.

Choice Hotels International (NYSE: CHH) will release its 2020 second quarter earnings results on August 6, 2020, prior to market opening. The company will conduct a conference call at 11:30 a.m. Eastern Time featuring CEO Patrick Pacious and CFO Dominic Dragisich discussing the earnings performance. Interested parties can participate via a teleconference by calling 888-349-0087 (domestic) or 412-317-5259 (international). A live webcast will also be available on the company’s investor relations website.

Choice Hotels International (NYSE: CHH) has amended its tender offer to buy back its 5.750% Senior Notes due 2022. The aggregate maximum tender amount has increased from $160,000,000 to $180,000,000. All other terms of the tender offer remain unchanged. Holders must tender their notes by July 22, 2020, to be eligible for the early tender premium. The tender offer expires at 12:00 midnight on August 5, 2020. Wells Fargo Securities, J.P. Morgan, and Goldman Sachs are managing the offer.

Choice Hotels International (NYSE: CHH) has initiated a tender offer to purchase up to $160 million of its 5.750% Senior Notes due 2022 for cash. The total principal amount outstanding for these notes is $400 million. The tender offer is set to expire at midnight on August 5, 2020, with an early tender deadline on July 22, 2020. Holders who submit valid tenders before this time will receive an early tender premium. The offer is subject to various conditions, including financing and proration rules.

Choice Hotels International, with its Ascend Hotel Collection, has reported that over 35 properties are ranked among the top five in their respective markets on Tripadvisor. As of July 6, 2020, eight Ascend hotels achieved the No. 1 ranking in their locales, showcasing the brand's commitment to guest satisfaction. With nearly 315 unique hotels globally, new openings are anticipated in popular destinations like Daytona Beach and Seattle. The Ascend loyalty program continues to attract guests, reinforcing the brand's reputation for exceptional service.

Winter the Dolphin's Beach Club in Clearwater Beach, Florida, joins Choice Hotels' (NYSE: CHH) Ascend Hotel Collection, marking a significant expansion in eco-friendly lodging. This marine-themed hotel features 91 rooms and unique amenities aimed at providing an immersive experience for guests. A portion of room proceeds supports marine conservation efforts. The addition strengthens the Ascend brand, recognized for its distinct properties and robust technology support for franchisees. With more than 315 properties globally, Ascend continues to grow its portfolio, catering to eco-conscious travelers.

Choice Hotels International (NYSE: CHH) has expanded its Ascend Hotel Collection with the addition of three new hotels: The Shore Club Wisconsin, The Inn Hotel, and The Penn Stroud. These properties, located in key regions, cater to leisure travelers seeking memorable experiences. Each hotel offers unique amenities, such as lakeside access and historical charm. The move reflects a growing consumer desire for travel amidst the COVID-19 pandemic, bolstered by Choice's Commitment to Clean initiative which ensures heightened health protocols.