choice hotels international
Choice Hotels International Reports Strong Third Quarter 2024 Results
Choice Hotels International, Inc. | November 4, 2024
NORTH BETHESDA, Md., Nov. 4, 2024 -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, today reported its third quarter 2024 results. Highlights include: Total revenues reached $428.0 million for third quarter 2024, a quarterly record and a 1% increase compared to the same period of 2023. Net income increased 15% to $105.7 million for third quarter 2024, representing diluted earnings per share (EPS) of $2.22, a quarterly record and a 23% increase compared to the same period of 2023. Third quarter 2024 adjusted net income, excluding certain items described in Exhibit 7, increased 1...
Choice Hotels International Unveils Exclusive and Proprietary “Lobby in a Box” to Streamline Extended Stay Hotel Conversions and Elevate t
Choice Hotels International, Inc. | October 7, 2024
NORTH BETHESDA, Md., Oct. 7, 2024 -- Choice Hotels International, Inc., one of the largest hotel franchisors in the world, is expanding its portfolio of innovative solutions for its extended stay hotel conversions with the introduction of Lobby in a Box—a proprietary and exclusive to Choice modular design package that allows hoteliers to transform public spaces such as lobby dining areas into multi-functional, revenue-generating spaces in as little as 120 days for its Suburban Studios and MainStay Suites brands Delivered in a ready-to-assemble crate, Lobby in a Box empowers hotel owners to easily adapt their lobby spaces to meet the ...
Choice Hotels Relaunches Radisson Individuals as Part of Its Portfolio of Brands as an Upper Upscale Soft Brand
Radisson Individuals | October 3, 2024
NORTH BETHESDA, Md., Oct. 3, 2024 -- Choice Hotels International, Inc. today announces the relaunch of Radisson Individuals in the Americas region as an upper upscale soft brand focused on full-service, boutique and independent hotels that stand apart for their distinctive local character and superior guest service. This latest major investment in the Radisson Hotels Americas brands since their acquisition in 2022 builds on Choice's legacy as a pioneer of the soft brand segment and strengthens its portfolio with an offering that serves a fast-growing segment of travelers who value an immersive, one-of-a-kind hotel experience. Choice is now e...
Choice Opens Radisson Hotel Fairview Heights – St. Louis in Fairview Heights, Illinois
Radisson | September 10, 2024
NORTH BETHESDA, Md., Sept. 10, 2024 -- Choice Hotels International, Inc., the industry's player to watch in the upscale segment, further expanded its upscale portfolio with the opening of the Radisson Hotel Fairview Heights - St. Louis in Fairview Heights, Illinois. With nearly 10,000 square feet of meeting spaces and amenities including a heated indoor pool, state-of-the art fitness center, and on-site bar and restaurant, the property is ideal for business and leisure travelers alike who are planning a visit to the St. Louis area. Conveniently located near downtown St. Louis, the newest Radisson is less than 30 minutes from both St. L...
Choice Hotels Awards First Contract Under Recently Reintroduced SOAR Program to Support Hotel Ownership Opportunities for Historically Underrepresente
Suburban Studios | August 27, 2024
Conversion Agreement Signed with Choice's Suburban Studios Extended Stay Brand NORTH BETHESDA, Md., Aug. 27, 2024-- Choice Hotels International, Inc., one of the world's largest hotel companies, announced its first contract under the recently reintroduced SOAR (Supporting Ownership Access and Representation) program, designed to create hotel ownership opportunities for underrepresented entrepreneurs. Damon Healey of Eternal Companies, a real estate investment and asset management firm, executed a contract to convert two hotels in Georgia to Suburban Studios, one of Choice's four extended stay brands. The pair of properties opened on May 30....
Choice Hotels International Reports Second Quarter 2024 Results
Choice Hotels International, Inc. | August 8, 2024
Raises Midpoint of Full-year 2024 EPS Guidance Global Rooms Pipeline up 22% and Openings up 20% Year-over-Year NORTH BETHESDA, Md., Aug. 8, 2024-- Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, today reported its second quarter 2024 results. Highlights include: Total revenues reached $435.2 million for second quarter 2024, a quarterly record and a 2% increase compared to the same period of 2023. Net income increased 3% to $87.1 million for the second quarter of 2024, representing diluted earnings per share (EPS) of $1.80, a 9% increase compared to the same period of 2023. Sec...
Choice Hotels International Concludes 68th Annual Convention, One of Its Largest Ever
Choice Hotels | May 9, 2024
Highlights included the relaunch of Park Inn by Radisson, the reintroduction of the SOAR program to create hotel ownership opportunities for underrepresented entrepreneurs, and awards for top hotels NORTH BETHESDA, Md., May 9, 2024 -- Last week, Choice Hotels International (NYSE: CHH) concluded its 68th Annual Convention in Las Vegas, NV, one of the largest to date. Over the course of three days, Choice provided owners and operators with a roadmap on how together they will capitalize on their competitive position to capture the growing demand for travel. Choice announced the relaunch of Park Inn by Radisson and its strategic reposit...
Choice Hotels International Reports First Quarter 2024 Results
Choice Hotels | May 8, 2024
Record Global Rooms Pipeline, up 10% Sequentially including a 36% Increase for Conversion Hotels Repurchases $196.6 Million of Common Stock Year-to-Date through April 30, 2024 Relaunches Park Inn by Radisson NORTH BETHESDA, Md., May 8, 2024 -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, today reported its first quarter 2024 results. Highlights include: Net income was $31.0 million for first quarter of 2024, representing diluted earnings per share (EPS) of $0.62. As a result of one-time items, including due diligence and transaction pursuit costs, and the timing of net reimbursa...
