Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection. The company also develops and markets cloud-based property management software to non-franchised hoteliers. As of December 31, 2020, it had 7,147 hotels with 597,977 rooms located in 50 states, the District of Columbia and approximately 40 countries and territories. The company was founded in 1939 and is based in Rockville, Maryland.
IPO Year:
Exchange: NYSE
Website: choicehotels.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/19/2024 | $120.00 | Neutral → Underweight | JP Morgan |
6/21/2024 | $125.00 | Neutral | Susquehanna |
3/11/2024 | $96.00 → $156.00 | Underperform → Buy | Jefferies |
1/2/2024 | $119.00 → $96.00 | Hold → Underperform | Jefferies |
12/14/2023 | $115.00 | Underweight → Neutral | JP Morgan |
10/23/2023 | $131.00 | Hold | HSBC Securities |
9/25/2023 | $145.00 | Buy | Argus |
3/16/2023 | $133.00 → $134.00 | Neutral → Outperform | Robert W. Baird |
12/5/2022 | $137.00 | Equal-Weight | Morgan Stanley |
11/30/2022 | Sell | Redburn |
Conversion Agreement Signed with Choice's Suburban Studios Extended Stay Brand NORTH BETHESDA, Md., Aug. 27, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), 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 reinforces its leadership and first-mover advantage in extended stay with groundbreakings in Texas, Kansas, and Kentucky NORTH BETHESDA, Md., Aug. 20, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, continues to strengthen its leadership position in extended stay with three new Everhome Suites breaking ground in San Antonio, Texas; Bowling Green, Kentucky; and Wichita, Kansas. All three were developed in collaboration with Highside Companies. These groundbreakings, along with eight others earlier this year, demonstrate Choice's first-mover advantage in the category, continuing to capitalize on extended stay dema
150,000 bees, living in hives with a "Bee Hotel" design selected by Choice associates, are already producing local honey NORTH BETHESDA, Md., Aug. 15, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest hotel companies, has installed three beehives at Choice Hotel's corporate headquarters at the Pike & Rose development in North Bethesda in collaboration with Bee Downtown to promote sustainability and local biodiversity with its. Pollinating a 3-mile radius from their hives, the estimated 150,000 honeybees housed at Choice have the potential to positively impact 18,000 acres of surrounding land. A colony can produce over 100 pounds of honey in just a
Together, Choice and its agencies will help increase awareness and drive direct bookings to its diverse portfolio of 22 hotel brands, including Radisson, Cambria Hotels, Comfort Hotels, Country Inn & Suites and Quality Inn NORTH BETHESDA, Md., Aug. 13, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest hotel companies, has named 72andSunny New York as its new creative agency of record and dentsu X as its new digital media agency of record. This new, strategic collaboration combines Choice's rich understanding of the travel landscape with the creative and executional expertise of these world-class agencies. By tapping into the latest cultural trends
Extended Stay Brand Takes Top Honors for Third Consecutive Year NORTH BETHESDA, Md., Aug. 12, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), an industry leader in extended stay, is proud to announce that WoodSpring Suites has been named the #1 economy extended stay brand by the J.D. Power 2024 North America Hotel Guest Satisfaction Index Study. WoodSpring Suites took top honors in the prestigious study for a third consecutive year, having been ranked the #1 economy extended stay brand in 2023 and the #1 overall economy hotel brand in 2022. An all new-construction brand, WoodSpring offers longer-term guests a welcoming environment and spacious, smartly designed suites wit
Raises Midpoint of Full-year 2024 EPS GuidanceGlobal Rooms Pipeline up 22% and Openings up 20% Year-over-Year NORTH BETHESDA, Md., Aug. 8, 2024 /PRNewswire/ -- 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 $
Online Bidding for Members to Begin on Exclusive NCAA Football Packages with Reigning National Champion Michigan Wolverines, Florida Gators, Texas A&M Aggies, Oregon State Beavers, and Wisconsin Badgers NORTH BETHESDA, Md., Aug. 1, 2024 /PRNewswire/ -- Starting today, members of Choice Privileges, the award-winning rewards program of Choice Hotels International, Inc. (NYSE:CHH), can use points earned through hotel stays and using their Choice Privileges Mastercard on everyday purchases to bid on exclusive College Sports Gameday Experiences as part of Choice Hotels' renewed collaboration with Learfield, the media and technology company powering college athletics.
Located in cities and sought-after vacation destinations, Cambria Hotels offers guests an upscale stay and award-winning satisfaction perfect for a summer getaway NORTH BETHESDA, Md., July 30, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH) has opened four Cambria Hotels in popular U.S. destinations. The newly opened properties, located in Niagara Falls, NY; Rehoboth, DE; North Conway, NH; and Denver, CO, join a collection of more than 70 open Cambria Hotels located around the country and an upscale portfolio of eight brands, including Radisson Blu, the Ascend Hotel Collection, Radisson, Radisson Individuals, Radisson RED, with hotels around the world. These openings conti
NORTH BETHESDA, Md., July 10, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, will report its second quarter 2024 earnings results at approximately 6:30 a.m. EDT on Thursday, August 8, 2024. The company will also hold a conference call at 10 a.m. EDT, during which Patrick Pacious, president and chief executive officer, and Scott Oaksmith, chief financial officer, Choice Hotels, will discuss the company's performance. To participate in the teleconference, please dial (800) 549-8228 (domestic) or (646) 564-9445 (
NORTH BETHESDA, Md., June 25, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH) (the "Company") today announced the pricing of senior notes in an aggregate principal amount of $600.0 million, in an underwritten, registered public offering. The notes will mature on August 1, 2034, will bear interest at a rate of 5.850%, and will be issued at 98.929% of par value. The notes will be unsecured, unsubordinated obligations of the Company. The Company intends to use the net proceeds from the offering to repay its $500.0 million unsecured term loan. The Company may use
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Choice Hotels Intl (NYSE:CHH) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Choice Hotels Intl, presenting an average target of $127.6, a high estimate of $144.
JP Morgan analyst Joseph Greff downgrades Choice Hotels Intl (NYSE:CHH) from Neutral to Underweight and announces $120 price target.
The notes will mature on August 1, 2034, will bear interest at a rate of 5.850%, and will be issued at 98.929% of par value. The notes will be unsecured, unsubordinated obligations of the Company.
Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Choice Hotels Intl (NYSE:CHH) in the last three months. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 0 1 0 Analysts have set 12-month price targets for Choice Hotels Intl, revealing an average target of $126.4, a high estimate of $144.00, and a low estimate of $112.00. A 5.67% drop is evident in the current average co
Susquehanna analyst Christopher Stathoulopoulos initiates coverage on Choice Hotels Intl (NYSE:CHH) with a Neutral rating and announces Price Target of $125.
8 analysts have shared their evaluations of Choice Hotels Intl (NYSE:CHH) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 4 2 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 1 0 1 0 3M Ago 0 1 2 1 0 Analysts have set 12-month price targets for Choice Hotels Intl, revealing an average target of $133.88, a high estimate of $156.00, and a low estimate of $112.00. This upward trend is evident, with
Truist Securities analyst Patrick Scholes maintains Choice Hotels Intl (NYSE:CHH) with a Hold and lowers the price target from $146 to $144.
Across the recent three months, 8 analysts have shared their insights on Choice Hotels Intl (NYSE:CHH), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 3 3 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 1 0 2M Ago 0 1 2 1 0 3M Ago 0 0 0 1 0 Analysts have set 12-month price targets for Choice Hotels Intl, revealing an average target of $130.75, a high estimate of $156.00
Deutsche Bank analyst Carlo Santarelli maintains Choice Hotels Intl (NYSE:CHH) with a Hold and lowers the price target from $128 to $112.
U.S. stocks are on track for a mixed start on Wednesday as the market digests mixed earnings reports and looks ahead to more speeches by Federal Reserve officials. Given the paucity of any market-moving economic data, the spotlight will likely be on central bank officials’s statements about rates and inflation. The still-contained bond yields suggest traders are still harboring hopes of rate cuts this year. The importance of each incoming data, therefore, can’t be emphasized enough. “Wall Street will continue to root for bad economic news since it wants to guilt the Fed to begin cutting key interest rates sooner rather than later,” said fund manager Louis Navellier. FuturesPerformance
Choice Hotels reinforces its leadership and first-mover advantage in extended stay with groundbreakings in Texas, Kansas, and Kentucky NORTH BETHESDA, Md., Aug. 20, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, continues to strengthen its leadership position in extended stay with three new Everhome Suites breaking ground in San Antonio, Texas; Bowling Green, Kentucky; and Wichita, Kansas. All three were developed in collaboration with Highside Companies. These groundbreakings, along with eight others earlier this year, demonstrate Choice's first-mover advantage in the category, continuing to capitalize on extended stay dema
After 3.9 million points redeemed for college football experiences, rewards program continues expanding exclusive sports opportunities for members NORTH BETHESDA, Md., Jan. 31, 2024 /PRNewswire/ -- Choice Privileges, the award-winning rewards program of Choice Hotels International, Inc. (NYSE:CHH), announced a sponsorship with Trackhouse Racing for the 2024 NASCAR Cup series season. As part of the continued reinvigoration of the program, Choice Privileges is offering exclusive VIP passes, grandstand tickets, merchandise and more for races throughout the season. Choice Privileges is increasingly strengthening rewards and opportunities for members following the successful college football, bas
Move Comes as Company Continues to Expand Global Portfolio ROCKVILLE, Md., Nov. 13, 2023 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, has named Ricardo Losada Revol as Senior Vice President and General Manager, International. A veteran finance and international business development executive, Mr. Losada Revol joins Choice as the company continues to expand its global footprint. In the newly created role, Mr. Losada Revol is charged with driving the growth and performance of Choice's international segment, which n
The role deepens company's relationship with guests ROCKVILLE, Md., Aug. 15, 2022 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH)—one of the world's largest lodging franchisors—has appointed Noha Abdalla to the role of chief marketing officer, reporting directly to President and Chief Executive Officer, Patrick Pacious. As a key member of the senior executive team, Abdalla will be a champion for the guest experience, leading the company's marketing, advertising, communications, and brand-building functions to advance Choice's corporate strategy across guest touchpoints. She will also help develop a future state technology and infrastructure roadmap for Choice's marketing vision,
ROCKVILLE, Md., July 22, 2021 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, has appointed Donna Vieira to its board of directors. Vieira is executive vice president and chief commercial officer at Sallie Mae where she oversees the company's top line revenue growth, credit, pricing and loss mitigation, as well as products, sales, marketing, customer and digital experience, and business development. Previously, she was chief marketing officer of consumer banking and wealth management at JPMorgan Chase. She is a
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Raises Midpoint of Full-year 2024 EPS GuidanceGlobal Rooms Pipeline up 22% and Openings up 20% Year-over-Year NORTH BETHESDA, Md., Aug. 8, 2024 /PRNewswire/ -- 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 $
NORTH BETHESDA, Md., July 10, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, will report its second quarter 2024 earnings results at approximately 6:30 a.m. EDT on Thursday, August 8, 2024. The company will also hold a conference call at 10 a.m. EDT, during which Patrick Pacious, president and chief executive officer, and Scott Oaksmith, chief financial officer, Choice Hotels, will discuss the company's performance. To participate in the teleconference, please dial (800) 549-8228 (domestic) or (646) 564-9445 (
Board Approves Dividend of $0.2875 Per Share on the Company's Common Stock NORTH BETHESDA, Md., May 15, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's leading lodging franchisors, announced that its board of directors has declared a cash dividend of $0.2875 per share on the company's common stock. The dividend is payable on July 16, 2024, to shareholders of record on July 1, 2024. About Choice Hotels® Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. The challenger in upscale and a le
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 /PRNewswire/ -- 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 d
NORTH BETHESDA, Md., April 17, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, will report its first quarter 2024 earnings results at approximately 6:30 a.m. EDT on Wednesday, May 8, 2024. The company will also hold a conference call at 10 a.m. EDT, during which Patrick Pacious, president and chief executive officer, and Scott Oaksmith, chief financial officer, Choice Hotels, will discuss the company's performance. To participate in the teleconference, please dial (800) 549-8228 (domestic) or (646) 564-2877 (in
PARSIPPANY, N.J., March 11, 2024 /PRNewswire/ -- Wyndham Hotels & Resorts (NYSE:WH) ("Wyndham") today commented on the expiration of Choice Hotels International, Inc.'s (NYSE:CHH) ("Choice") exchange offer and its decision to withdraw its slate of nominees for election to Wyndham's Board of Directors at the 2024 Annual Meeting of Shareholders: "The Wyndham Board is pleased that Choice has ended its hostile pursuit and proxy contest, following the expiration of its unsolicited exchange offer," said Stephen P. Holmes, Chairman of the Board. "We are confident in Wyndham's standal
Announces Expiration of Exchange Offer and Withdrawal of Independent Director Candidates for Election at Wyndham's 2024 Annual Meeting Increases Share Repurchase Authorization Projects to Continue Delivering Strong Earnings Growth NORTH BETHESDA, Md., March 11, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH) (the "Company" or "Choice") today announced the expiration of the exchange offer to acquire all of the issued and outstanding shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) ("Wyndham"). The Company is also withdrawing its nomination of the highly qualified, independent director candidates for election at Wyndham's 2024 Annual Meeting of Stockholders. The Company fu
Urges Shareholders to Protect Their Investment and the Future of Wyndham by Supporting Only Wyndham's Eight Highly-Qualified Director Nominees Encourages Shareholders to Visit StayWyndham.com for More Information PARSIPPANY, N.J., March 11, 2024 /PRNewswire/ -- The Board of Directors of Wyndham Hotels & Resorts (NYSE:WH) ("Wyndham" or the "Company"), the world's largest hotel franchising company with approximately 9,200 hotels spanning more than 95 countries, sent a letter to shareholders urging them to protect their investment and the future of Wyndham by supporting only Wyndham's eight highly-qualified Director nominees and not the nominees from Choice Hotels International (NYSE:CHH) ("Ch
Wyndham Stockholders Need to Send a Clear Message to the Wyndham Board to Engage Constructively NORTH BETHESDA, Md., March 5, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH) ("Choice") urges the stockholders of Wyndham Hotels & Resorts, Inc. (NYSE:WH) ("Wyndham") to tender their shares into the exchange offer ahead of its expiration at 5:00 p.m. ET on Friday, March 8, 2024. Tendering shares will send a clear message to Wyndham's board of directors to constructively engage with Choice to reach a consensual agreement on the terms of a transaction. Depending on participation, Choice intends to either extend or terminate the exchange offer and will evaluate next steps related t
Board Approves Dividend of $0.2875 Per Share on the Company's Common Stock NORTH BETHESDA, Md., Feb. 28, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's leading lodging franchisors, announced that its board of directors has declared a cash dividend of $0.2875 per share on the company's common stock. The dividend is payable on April 17, 2024, to shareholders of record on April 2, 2024. About Choice Hotels® Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. The challenger in upscale and a
JP Morgan downgraded Choice Hotels from Neutral to Underweight and set a new price target of $120.00
Susquehanna initiated coverage of Choice Hotels with a rating of Neutral and set a new price target of $125.00
Jefferies upgraded Choice Hotels from Underperform to Buy and set a new price target of $156.00 from $96.00 previously
Jefferies downgraded Choice Hotels from Hold to Underperform and set a new price target of $96.00 from $119.00 previously
JP Morgan upgraded Choice Hotels from Underweight to Neutral and set a new price target of $115.00
HSBC Securities initiated coverage of Choice Hotels with a rating of Hold and set a new price target of $131.00
Argus initiated coverage of Choice Hotels with a rating of Buy and set a new price target of $145.00
Robert W. Baird upgraded Choice Hotels from Neutral to Outperform and set a new price target of $134.00 from $133.00 previously
Morgan Stanley initiated coverage of Choice Hotels with a rating of Equal-Weight and set a new price target of $137.00
Redburn initiated coverage of Choice Hotels with a rating of Sell