choice
Wyndham Confirms Receipt of Expansive FTC Second Request Under HSR Act for Choice’s Unsolicited Hostile Offer to Acquire Wyndham
Wyndham Hotels & Resorts | January 12, 2024
Extended Regulatory Review Certain Offer Continues to Undervalue Wyndham and Exposes Wyndham Shareholders to Significant Asymmetrical Risk PARSIPPANY, N.J., Jan. 12, 2024 -- Wyndham Hotels & Resorts (NYSE: WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today confirmed receipt of a 40-page and 65-topic 'Second Request' from the Federal Trade Commission in connection with Choice Hotels International, Inc.'s (NYSE: CHH) ("Choice") unsolicited proposed acquisition of Wyndham: "From the beginning, Wyndham has consistently stated that this...
Choice Hotels International Reports 2022 Fourth Quarter and Full-Year Results
Choice Hotels International, Inc. | February 20, 2023
Domestic RevPAR accelerated in fourth quarter to 20.4% versus 2019; full-year net income and adjusted EBITDA surpassed 2019 levels by 49% and 28%, respectively ROCKVILLE, Md., Feb. 20, 2023 -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, today reported its fourth quarter and full-year 2022 results. "2022 was a landmark year for Choice Hotels, in which we drove step function growth with adjusted EBITDA surpassing 2019 levels by 28%. We generated significant organic growth over 2021 and acquired the Radisson Hotels Americas brands in August, which has accelerated our long-term growth po...
Choice Hotels Introduces ‘Your Key to Profit’ Resource to Benefit Franchise Owners
Choice Hotels® | September 13, 2022
ROCKVILLE, Md., Sept. 13, 2022 -- Choice Hotels International, Inc. (NYSE: CHH),--one of the world's largest lodging franchisors, is building on its longstanding commitment to increasing owner profitability with a free resource for its hotel owners: Your Key to Profit. Launching in the fourth quarter of 2022, the new platform will centralize all Choice's proprietary profitability tools in an on-demand, mobile-friendly system to better enable success for owners' hotels. "Choice Hotels' award-winning tools, capabilities, and expert advice from revenue management consultants enable franchise owners to quickly execute the right pricing str...
Choice Hotels International to Acquire Radisson Hotel Group Americas for $625 Million
Choice Hotels International | June 13, 2022
ROCKVILLE, Md. and BRUSSELS, June 13, 2022-- Choice Hotels International, Inc. (NYSE: CHH) and Radisson Hotel Group today announced that Choice Hotels has entered into a definitive agreement to acquire the franchise business, operations and intellectual property of Radisson Hotel Group Americas for approximately $675 million. The addition of Radisson's nine hotel brands in the Americas is the latest chapter in Choice's successful strategy to expand its growth opportunities by bringing the company's best-in-class franchising platform to adjacent hotel segments and to a new set of hotel owners. The added 624 hotels with over 68,000 room...
Ascend Hotel Collection Adds Three New Properties to Portfolio
Ascend Hotel Collection | May 19, 2022
ROCKVILLE, Md., May 19, 2022-- The growing Ascend Hotel Collection from Choice Hotels International, Inc. (NYSE: CHH) recently added three new properties to its global portfolio of resort, boutique and historic hotels: The Harborview in Port Washington, Wisconsin; The Crossroads Hotel – Newburgh in Newburgh, New York; and the 17 West Hotel in Tulsa, Oklahoma. In addition to providing upscale guests with the perfect respite from the hustle and bustle of daily life, each of the brand's newest additions – conveniently located within driving distance of nearby metropolitan areas – are owned and operated by longtime Choice fra...
Cambria Hotel Nashville Airport Opens in Music City
Cambria® Hotels | April 25, 2022
ROCKVILLE, Md., April 25, 2022 -- Following the brand's initial debut in Nashville several years ago, Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), made an encore appearance with the grand opening of its second location: the Cambria Hotel Nashville Airport. The brand's newest addition underscores Cambria's continued quest to bring design-forward, approachable upscale accommodations to guests' favorite locations nationwide and provides modern travelers with the amenities they need to discover all the opportunities Nashville offers. To commemorate the property's official opening, Cho...
Pyramid Hotel Group Breaks Ground on Cambria Hotel in Columbia, South Carolina
Cambria Hotels® | May 27, 2021
ROCKVILLE, Md., May 27, 2021 -- Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), continues to rapidly expand around the country with the official start of construction on a Cambria hotel in Columbia, South Carolina. The four-story, 144-room upscale hotel is expected to open in Spring 2022, joining six other properties around the state in Charleston, Fort Mill, Greenville, Mount Pleasant, Rock Hill and Summerville. Situated at 1000 Lady Street, the Cambria Hotel Columbia Downtown is in the heart of the Vista, Columbia's premier arts and entertainment district, which features museums, local shops...
Cambria Hotels Debuts in Ocean City With Opening of Cambria Hotel Ocean City – Bayfront
Cambria Hotels | May 27, 2021
ROCKVILLE, Md., May 27, 2021 --- Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), made its official debut in Ocean City, Maryland yesterday afternoon with the grand opening of the Cambria Hotel Ocean City - Bayfront. The celebration was marked with the unveiling of the city's newest boardwalk, a taste of the cuisine from the hotel's restaurant and bar, and a ribbon-cutting ceremony with Ocean City Mayor Richard W. Meehan, members of the Ocean City Chamber of Commerce, and executives from Choice Hotels and development companies, PiNNacle Hospitality Group and The Wankawala Organization. A $1,000 d...
