Choice Hotels Signs Multi-Unit Agreement With SI Operaciones to Develop 20 Sleep Inn Hotels by 2023

Choice Hotels | September 27, 2018

ROCKVILLE, Md., Sept. 27, 2018 -- Choice Hotels Mexico, a subsidiary of Choice Hotels International, Inc. (NYSE: CHH), has signed an exclusive multi-unit agreement with SI Operaciones, a Mexican private equity fund, to develop 20 new-construction Sleep Inn hotels over the next five years. The agreement is expected to add 2,000 rooms in top markets, like Mexico City and Guadalajara, and more than triple the size of the brand's footprint in the country. "At Choice Hotels, international expansion and multi-unit development are key pillars of our growth strategy. We are actively seeking new opportunities to increase our presence in...