Moreover, it has over 10 Everhome Suites expected to open within the next year. In the extended stay category, the company has more than 400 properties in the pipeline across its four brands as of the first quarter of 2024. Choice's domestic extended stay hotel portfolio expanded by 17.4% from March 31, 2023, to March 31, 2024, fueled by growth in its economy and midscale extended stay brands. Focus on Extended Stay Brand On Jun 6, 2024, the company unveiled plans to expand the Everhome Suites brand with th ...

Thomas Barwick My rating for Choice Hotels International, Inc. (NYSE:CHH) stock is a Buy. Recent Travel Surveys Were Favorable But Choice Hotels' guidance is pretty conservative, which stands in contrast with the reasonably bullish travel surveys cited above. In specific terms, CHH anticipates that the company's Revenue Per Available Room or RevPAR will be "flat to 2%" higher for full-year 2024 as indicated in its investor presentation slides. My opinion is that CHH's actual full-year 2024 RevPAR will be at ...

Choice Hotels International, Inc. (CHH) will expand the footprint of one of its extended stay brands, Everhome Suites, with three new properties across the Northeast markets of the United States. Developed in partnership with Highside Companies, the new extended stay properties will be located in Portsmouth, NH; Rochester, NY; and Somerset, NJ. The properties are named Everhome Suites Portsmouth, Everhome Suites Rochester and Everhome Suites Somerset, and are expected to open for service in the summer, spri ...

"With three new properties breaking ground in key high-barrier-to-entry Northeast markets, Choice is continuing its leadership and growth in extended stay," said Matt McElhare, vice president and lead for Extended Stay Brands, Choice Hotels. "With four Everhome Suites open, over 60 in development, 20 under construction, and more than 10 expected to open within the next year, Choice has first mover advantage with a proven track record of success. Our leadership is made possible by Choice's dedicated team of ...

Choice Hotels International, Inc. (CHH) is likely to benefit from its unit growth strategy, hotel conversions and franchise business. Also, synergies through the Radisson Hotels Americas integration bode well. However, uncertain macroeconomic environments are a concern. Let us discuss the factors that highlight why investors should retain the stock for now. Growth Catalysts The company's distinct unit growth strategy continues to yield positive results, enhancing the attractiveness of its brands. By focusin ...

Addendum This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 915 Meeting St, North Bethesda, MD 20852, email: [email protected]. About Choice Hotels® Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. The challenger in upscale an ...

Choice Hotels International, Inc. (CHH) recently announced the opening of Everhome Suites in Nampa, Idaho. This marks the brand's third hotel opening.Developed in collaboration with Highside Companies, Everhome Nampa marks the first of eight planned properties. The four-story, 122-room hotel offers amenities such as fully-equipped kitchens, spa-style bathrooms, pet-friendly accommodations and contemporary lobby and outdoor spaces. The Nampa Hotel showcases the brand's Closer to Home design package, incorpor ...

"With over 60 Everhome Suites in various stages of development and an extended stay pipeline of more than 400 properties across four brands, Choice is continuing its leadership and growth in extended stay," said Matt McElhare, vice president and extended stay segment lead. "We're excited to officially mark the opening of the third Everhome Suites and look forwarding to demonstrating the brand's performance as a first mover in lower midscale." Standard design elements include locally inspired artwork through ...

Choice Hotels International, Inc. (CHH) delivered mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top line fell year over year, while the bottom line increased. Following the results, the company’s shares declined 5.3% on May 7.Patrick Pacious, president and CEO, expressed satisfaction with first-quarter performance, which was built on the company's record financial results in 2023. CHH benefited from impressive outcomes of the effectiv ...

"This year's convention was about celebrating the new level of success that Choice and its franchisees have achieved together," said Choice Hotels President and CEO Patrick Pacious. "I've never been more optimistic about our shared future. With our brands well positioned to capture even more of the growing travel demand, we have a tremendous opportunity in front of us." During the event, Choice awarded and celebrated the top-performing hotels through Choice's Premier Awards and the Best of Choice Awards, th ...