Choice Hotels and Oz Real Estate Sign LOI for Contemplated Joint-Venture That Could Result in 50 New Cambria Hotels

Cambria Hotels | September 24, 2018

ROCKVILLE, Md., Sept. 24, 2018 -- Building on Choice Hotels International, Inc.'s (NYSE: CHH) dedication to the growth of its upscale Cambria Hotels brand, the company entered into a letter of intent (LOI) with an affiliate of Oz Real Estate, the real estate platform of Oz Management (NYSE: OZM), that sets forth a framework for a co-investment platform to accelerate the development of Cambria Hotels throughout the United States. "The Cambria Hotels brand continues to drive success for Choice Hotels and, as evidenced by signing this LOI, we are attracting some of the largest institutional real estate investment groups in the wor...