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) announced four key leadership promotions to drive growth. Scott Oaksmith became senior vice president of real estate and finance, focusing on strategic capital deployment. Raul Ramirez was promoted to senior vice president, leading international expansion. Elizabeth Redmond is now chief accounting officer, overseeing financial reporting and accounting functions. John Lancaster has been appointed regional vice president for emerging markets, enhancing hotel ownership opportunities for underrepresented groups. Choice Hotels continues to receive accolades for workplace diversity and inclusion.
Choice Hotels International (NYSE: CHH) announced growth for its Ascend Hotel Collection, which opened seven hotels in the first half of 2020 and added ten more to its pipeline. This upscale brand is attracting independent hotel owners and travelers seeking unique experiences during the pandemic. Since 2010, Ascend has seen a 600% unit growth. It outperformed the upscale segment in the first half of the year. Guests can join the award-winning Choice Privileges loyalty program, and all hotels are adhering to the Commitment to Clean initiative for enhanced safety.
Choice Hotels International (NYSE: CHH) has successfully onboarded over 50 AMResorts-branded properties, enhancing its network of luxury all-inclusive resorts in Mexico, the Caribbean, and Central America. This strategic agreement allows Choice Privileges loyalty program members to earn and redeem points at renowned resort brands, with promotional offers such as a bonus night, room upgrades, and additional loyalty points. The partnership positions Choice as a leader in all-inclusive offerings among major U.S. hotel companies, catering to travelers seeking top leisure destinations.
Choice Hotels International (NYSE: CHH) reported Q2 2020 results, showcasing its asset-light model's resilience amid COVID-19. Nearly all domestic hotels are operational, with RevPAR down 49.6%, yet outperforming the industry by over 2,000 basis points. The company awarded 151 new franchise agreements, although this reflects a 42% YoY decline. A net loss of $2.4 million was reported, with adjusted earnings down 89%. The extended-stay segment showed strength, with occupancy rates significantly above industry averages. The company emphasizes financial flexibility and a disciplined capital strategy.
Cambria Hotels, a brand of Choice Hotels International (NYSE: CHH), has launched its first podcast series titled "Travel Inspired With Cambria Hotels".
This series features six episodes focusing on modern travel preferences and how Cambria hotels cater to these needs. Hosted by Janis Cannon and Rick Hertan, the podcast aims to connect with travelers by discussing enriching experiences and local culture.
With over 50 locations across the U.S., the initiative is part of ongoing efforts to innovate and enhance guest experiences.
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.