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Choice Hotels International Continues Global Expansion Through Consolidation of Investment in Choice Hotels Canada
Prnewswire· 2025-08-06 10:30
Core Insights - Choice Hotels Canada has a legacy since 1955 and the recent acquisition marks a significant milestone in its 70-year history, positioning the company for accelerated growth in Canada [1][2] - The acquisition, valued at approximately $112 million, was completed in July 2025 and is expected to generate around $23 million in fee revenue and $18 million in EBITDA for the full year 2025 [2][6] - The Canadian hospitality market is projected to grow at an average annual rate exceeding 5% through 2030, reaching over $50 billion, which presents a strong opportunity for Choice Hotels to expand its market share across its 22 brands [2] Company Operations - Brian Leon, CEO of Choice Hotels Canada, will continue to lead the Canadian operations, with InnVest Hotels remaining a key partner, owning and operating 50 Comfort hotels nationwide [3] - The company aims to expand its owner success system from 8 hotel brands to a full portfolio of 22 brands, creating remarkable opportunities for franchisees and guests [2] Global Expansion - The investment accelerates Choice Hotels' growth outside the United States, with a 5% increase in its net international rooms portfolio to over 140,000 rooms as of Q2 2025 [4] - Major developments include extending a master franchise agreement in Brazil for over 10,000 rooms, nearly tripling room count in France, and signing agreements in China expected to add over 19,500 rooms in the next five years [4] Company Overview - Choice Hotels International, Inc. is one of the largest lodging franchisors globally, with nearly 7,500 hotels and approximately 650,000 rooms across 46 countries and territories [5] - The company offers a diverse portfolio of 22 brands, catering to various traveler needs and driving value for franchise owners and shareholders [5]