Choice Hotels International, Inc.'s (CHH) expertise in top-tier hotel conversions is opening new doors for it in the extended-stay hotels segment along with expanding its market reach. Between Jan. 1 and Sept. 17, 2024, CHH opened 17 MainStay Suites and Suburban Studios hotels, of which 16 properties were conversions, with the average length of time between contract signing and official opening being around 120 days. The key opening markets were Las Vegas, NV; Moreno Valley, CA; Orlando and Tampa, FL. Furth ...

"We are thrilled to open the doors of The Quincy and invite guests to experience the bespoke service that Ascend Hotel Collection is celebrated for," said Owner, Steve Schwat. "Our prime location, spacious accommodations, and modern amenities make The Quincy a standout choice for anyone visiting Washington, D.C., whether they are here to explore the city's historic landmarks or conduct business." The Quincy is more than just a hotel; it serves as a bridge connecting guests with Washington, D.C.'s storied pa ...

Conveniently located near downtown St. Louis, the newest Radisson is less than 30 minutes from both St. Louis Lambert International Airport and St. Louis Downtown Airport and offers easy access to popular attractions like the iconic Gateway Arch, Busch Stadium, St. Louis Aquarium and the Budweiser Brewery Experience. The four-story, 119-room hotel offers a clean and modern nature-inspired design and a variety of thoughtful features and services designed to provide guests with a harmonious stay. All guest ro ...

Thomas Barwick Summary I am neutral on Choice Hotels International (NYSE:CHH). My summarized thesis is that CHH will continue to suffer from macro pressure in the near term, and the stock will trade at a discount to peers because of the relative underperformance. Company overview CHH is a hotel franchisor with franchise agreements and owned hotels under various brands that has presence across the economy, midscale, upper midscale, and upscale chain scale hotels. As of 2Q24, CHH has a total room capacity of ...

"We're so excited to announce the first contract under the newly reintroduced SOAR program and to work with franchisees like Damon Healey. Our team is dedicated to opening doors so that underrepresented entrepreneurs can soar as hotel owners," said John Lancaster, vice president of franchise development and strategic programs at Choice Hotels International. "Choice has, if not the best, one of the best franchise models, especially in the extended stay category. That's why I'm thrilled that our hard work and ...

Choice Hotels International, Inc. (CHH) , a global leader in the lodging industry, is making strategic moves to further solidify its position in the extended stay market. The company recently broke ground on three new Everhome Suites in San Antonio, TX; Bowling Green, KY and Wichita, KS. These new developments are a testament to Choice Hotels' commitment to expanding its footprint in high-demand markets, particularly in the midscale extended stay segment. Collaborating with Highside Companies, Choice Hotels ...

Choice continues to break ground and open Everhome Suites extended stay hotels across the country. The Everhome Suites San Antonio marks the sixth property under construction in Texas. This will be Choice's second Everhome Suites in Kentucky and the first in Kansas. "These three new locations speak to our continued leadership in new construction midscale extended stay," said Ron Burgett, senior vice president, extended stay development, Choice Hotels. "We're opening hotels at a rapid pace and providing fran ...

A different company today than even two years ago, Choice Hotels has expanded to eight upscale and fullservice hotel brands globally, introduced new vibrant designs for several of its well-known select-service and lifestyle hotel brands, is opening extended stay hotels to meet growing demand for stays longer than a week, and is transforming its rewards program, Choice Privileges, to be more experiential and offer even more benefits and ways to earn and redeem points. Together with Choice's in-house marketin ...

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 newconstruction brand, WoodSpring offers longer-term guests a welcoming environment and spacious, smartly designed suites with in-room kitchens at affordable weekly and monthly rates. "Choice Hotels is leading the way in the fast-growing extended stay segment, and this recognition, for a third consecutive ...

Choice Hotels International, Inc. (CHH) delivered lower-than-expected second-quarter 2024 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. However, both metrics increased on a year-over-year basis. The quarter's performance was backed by strong demand trends across the company's diversified portfolio of brands. This uptrend in demand aided in accelerating global hotel openings, expanding international market reach and increasing the size of its rewards program. Moreover, CH ...