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) reported robust performance in its extended stay portfolio during 2020, significantly outpacing the industry amid the COVID-19 pandemic. Key highlights include:
- The portfolio exhibited a 49 percentage point outperformance in RevPAR change compared to the industry.
- WoodSpring Suites achieved a 72% average occupancy rate versus the industry's 44%.
- MainStay Suites and Suburban Extended Stay reported substantial occupancy and RevPAR gains.
- Choice Hotels awarded nearly 110 franchise agreements, validating its strategic focus. The extended stay domestic pipeline reached over 315 hotels.
Choice Hotels International (NYSE: CHH) has expanded its Ascend Hotel Collection by adding four new properties located in Miami Beach, Florida; Savannah, Georgia; Morgantown, West Virginia; and Burlington, Vermont. These additions cater to the increasing demand for outdoor tourism, offering travelers upscale experiences and proximity to popular outdoor activities. Highlights include The Bluff Hotel in Savannah, The Cranberry in Morgantown, The Landon in Miami Beach, and Smart Suites in Burlington, each featuring unique amenities and charm. The hotels participate in the Commitment to Clean initiative, ensuring high hygiene standards.
Choice Hotels International (NYSE: CHH) expands its upscale Cambria Hotels brand with the opening of the Cambria Hotel Rock Hill – University Center in South Carolina. This six-story, 110-room hotel is the sixth Cambria property in the state and is strategically located near several attractions, including Winthrop University and the new Rock Hill Sports & Events Center. The hotel offers modern amenities such as upscale guest rooms, a rooftop bar, and extensive meeting space. This addition highlights Choice Hotels' commitment to growth, with over 80 Cambria hotels planned nationwide.
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Choice Hotels International (NYSE: CHH) has expanded its upscale Cambria Hotels brand with the opening of the Cambria Hotel Washington D.C. Capitol Riverfront. This nine-story, 154-room property is the brand's fifth location in the D.C. area, highlighting its growth in key markets. Located in the Capitol Riverfront neighborhood, the hotel offers modern amenities, locally inspired design, and various facilities for both leisure and business travelers. The launch aligns with a broader expansion strategy, with four new Cambria properties scheduled to open in early 2021.
Choice Hotels International (NYSE: CHH) reported fourth quarter and full year 2020 results amid the pandemic's challenges. Domestic systemwide revenue per available room (RevPAR) decreased 25.1% in Q4, yet outperformed the total industry by 26 percentage points. Full year net income stood at $75.4 million, with adjusted diluted EPS down 49% year-over-year. The company awarded 427 domestic franchise agreements, with strong performance in extended-stay and upscale segments. As of December 31, 2020, cash flow from operations exceeded $115 million, bolstering its financial stability.
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Choice Hotels International, Inc. (NYSE: CHH) announced the appointment of three new regional vice presidents to enhance corporate growth. Odette Brown will oversee franchise services in the mid-southern U.S., focusing on hotel owner profitability and market share. Glenn Gordon returns as RVP for the Ascend Hotel Collection, targeting growth in the southeast U.S. and Caribbean. Gary Mills joins as RVP for Cambria Hotels, focusing on Texas and mid-central regions. The company's commitment to diversity and workplace recognition continues to strengthen its brand reputation.
Choice Hotels International (NYSE: CHH) announced it will report its 2020 fourth quarter and full-year earnings results on February 17, 2021, before market opening. A conference call at 11:30 a.m. ET will feature CEO Patrick Pacious and CFO Dominic Dragisich discussing the company's performance. Interested participants can call (888) 349-0087 domestically or (412) 317-5259 internationally. A live webcast will be available on their investor relations website, and a replay will be accessible by 3 p.m. ET on the same day.