Choice Hotels expands Middle East Presence with seven new hotels

Press Releases   •   Sep 26, 2018 13:58 BST

ROCKVILLE, Md. (Sept. 26, 2018) – Choice Hotels International, Inc. (NYSE: CHH) announced plans to bring seven additional hotels to Saudi Arabia under its Comfort and Quality brands. The new hotels represent the first tranche of a broader strategy to open 30 Choice-branded hotels to the Kingdom.

Choice Hotels announces alliance with Sercotel Hotels

Press Releases   •   Apr 11, 2018 13:22 BST

ROCKVILLE, Md. (April 11, 2018) – Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest hotel companies, reinforces its focus on international growth through a strategic alliance announced today with Sercotel Hotels, a leading hotel operator and franchisor based in Spain.

Choice Hotels Welcomes Four Upscale Boutique Properties in the United Kingdom

Press Releases   •   Feb 09, 2018 09:30 GMT

Choice Hotels Europe, today announced that four upscale hotel properties have joined its UK portfolio, located in the Yorkshire towns and cities of Harrogate, Bradford, Wakefield and Huddersfield. Part of Cedar Court Hotels, Yorkshire’s largest independent hotel collection, three of the properties have become Clarion Collection hotels and one hotel is now an Ascend Hotel Collection member.

Choice Hotels to Acquire Woodspring Suites Brand and Franchise Business

Press Releases   •   Dec 21, 2017 10:56 GMT

CHOICE HOTELS TO ACQUIRE WOODSPRING SUITES BRAND AND FRANCHISE BUSINESS

Acquisition Strengthens Company’s Leadership in Growing Extended-Stay Segment

ROCKVILLE, Md. (December 18, 2017) – Choice Hotels International (NYSE: CHH), one of the world’s largest hotel companies, today announced that it has reached a definitive agreement to acquire the brand and franchise business of WoodSpring SuitesSM from WoodSpring Hotels Holdings LLC, a portfolio company of Lindsay Goldberg, for approximately $231 million, subject to customary adjustments. The acquisition will add nearly 240 extended-stay hotels in 35 states to the Choice Hotels portfolio, creating an extended-stay portfolio of more than 350 properties with existing brands, MainStay Suites™ and Suburban Extended Stay™.

Highlights:

The acquisition of the WoodSpring Suites brand represents an asset light franchise business that complements Choice’s existing extended-stay business with WoodSpring Suites’ market leading capabilities.

Choice plans to hire the WoodSpring Suites franchise business employees and strengthen the existing multi-unit developer and franchisee relationships that have contributed to the success of the brand.

The transaction provides attractive returns and resilience through market cycles.

“We are pleased to announce our plans to welcome WoodSpring Suites to our portfolio of brands. Like Choice Hotels, WoodSpring Suites has demonstrated exceptional customer service, attractive franchisee return on investment, and tremendous growth,” said Patrick Pacious, president and CEO of Choice Hotels. “Extended stay is a fast-growing segment, reporting some of the strongest gains in demand and has led the hospitality industry in annual RevPAR growth. The addition of the WoodSpring Suites brand will allow us to strengthen our scale within the attractive extended-stay segment, expand our runway for growth, and continue to create value for our customers, franchisees and shareholders.”

WoodSpring Hotels is the nation’s fastest growing value extended-stay hotel company, with nearly 240 properties in 35 states nationwide. Over the past few years, the company has successfully executed a brand relaunch and repositioning, resulting in WoodSpring Suites unit growth of more than 25 percent and franchise fee revenue growth of 45 percent in the last three years. More than 25 hotels are expected to open in 2018.

“Choice Hotels and WoodSpring Suites share the same values and dedication to customer service and franchisees,” said Gary A. DeLapp, WoodSpring president and CEO. “We are thrilled that our brand will join the powerful value proposition that Choice Hotels offers and know our commitment to providing the best guest experience will remain a priority.”

Transaction Details

Choice Hotels plans to acquire the WoodSpring hotel brands, including franchise operations, marketing and development, for approximately $231 million. The acquisition will be funded by cash and is expected to be accretive to financial performance in 2018, excluding one-time transaction and integration costs. For U.S. tax purposes, the transaction constitutes an asset sale, and Choice expects to amortize the acquired assets. WoodSpring Hotels Holdings LLC will be renamed and retain its hotel management operations. The transaction is expected to close in the first quarter of 2018, subject to regulatory approval, the concurrent closing of the sale of WoodSpring’s owned hotels to a third party, and satisfaction of customary closing conditions.

Moelis & Company LLC is serving as financial advisor to Choice Hotels on the transaction, and Willkie Farr & Gallagher is serving as legal advisor. Morgan Stanley and Co. LLC is serving as financial advisor to WoodSpring, and Weil, Gotshal & Manges LLP is serving as legal advisor.

About Choice Hotels

Choice Hotels International, Inc. (NYSE: CHH) is one of the world's largest hotel companies. With over 6,500 hotels franchised in more than 40 countries and territories, Choice Hotels International represents more than 500,000 rooms around the globe. As of September 30, 2017, over 800 hotels were in our development pipeline. Our company's Ascend Hotel Collection®, Cambria® Hotels, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge®, Rodeway Inn®, and Vacation Rentals by Choice Hotels™ brands provide a spectrum of lodging choices to meet guests' needs. With more than 33 million members, our Choice Privileges® rewards program enhances every trip a guest takes, with benefits ranging from instant, every day rewards to exceptional experiences, starting right when they join. All hotels and vacation rentals are independently owned and operated. Visit us at www.choicehotels.com for more information.

© 2017 Choice Hotels International, Inc. All rights reserved.

About WoodSpring Hotels Holdings LLC

WoodSpring Hotels Holdings LLC, the economy extended-stay lodging company behind the nation’s fastest growing value extended-stay hotel brand operating under the WoodSpring Suites and Value Place brands, provides management and accounting services for hotels and includes business units for development, construction and operation of company-owned hotels. The WoodSpring brand, with nearly 240 hotels and approximately 28,500 rooms in 35 states nationwide, provides ownership groups with an easy-to-operate model with low overhead and higher return on investment, and its recent brand relaunch has refreshed virtually all aspects of the hotel experience, including free wireless internet access and new interior and exterior signage to appeal to the budget-minded, long-term guest. For information, visit www.woodspringfranchise.com.

About Lindsay Goldberg

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders and long-term oriented management teams seeking to actively build their businesses. For more information about Lindsay Goldberg, please visit www.lindsaygoldbergllc.com.

Forward Looking Statement

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, our use of words such as “expect,” “estimate,” “believe,” “anticipate,” “should,” “will,” “forecast,” “plan,” “project,” “assume” or similar words of futurity identify such forward-looking statements. These forward-looking statements are based on management's current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to management. Such statements may relate to projections of the company’s revenue, earnings and other financial and operational measures, company debt levels, ability to repay outstanding indebtedness, payment of dividends, repurchases of common stock and future operations, among other matters. We caution you not to place undue reliance on any such forward-looking statements. Forward-looking statements do not guarantee future performance and involve known and unknown risks, uncertainties and other factors. Several factors could cause actual results, performance or achievements of the company to differ materially from those expressed in or contemplated by the forward-looking statements. Such risks include, but are not limited to, changes to general, domestic and foreign economic conditions; foreign currency fluctuations; operating risks common in the lodging and franchising industries; changes to the desirability of our brands as viewed by hotel operators and customers; changes to the terms or termination of our contracts with franchisees; our ability to keep pace with improvements in technology utilized for marketing and reservations systems and other operating systems; our ability to grow our franchise system; exposure to risks related to our hotel development and financing activities; fluctuations in the supply and demand for hotels rooms; our ability to realize anticipated benefits from acquired businesses; the level of acceptance of alternative growth strategies we may implement; operating risks associated with our international operations; the outcome of litigation; and our ability to manage our indebtedness. These and other risk factors are discussed in detail in the company's filings with the Securities and Exchange Commission including our annual report on Form 10-K for 2016 and our quarterly reports filed on Form 10-Q. Except as may be required by law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

For Immediate Release

Choice Hotels: Sarah Lee

Tel: 301-628-4397

Email: Sarah.Lee@choicehotels.com

Choice Hotels International, Inc. (NYSE: CHH) is one of the world's largest lodging companies. With more than 6,500 hotels franchised in more than 40 countries and territories, Choice Hotels International represents more than 500,000 rooms around the globe. As of September 30, 2017, 800 hotels were in our development pipeline. Our company's Ascend Hotel Collection™, Cambria™ hotels & suites, Comfort Inn™, Comfort Suites™, Sleep Inn™, Quality™, Clarion™, MainStay Suites™, Suburban Extended Stay Hotel™, Econo Lodge™, Rodeway Inn™, and Vacation Rentals by Choice Hotels™ brands provide a spectrum of lodging choices to meet guests' needs. With more than 34 million members and counting, our Choice Privileges™ rewards program enhances every trip a guest takes, with benefits ranging from instant, every day rewards to exceptional experiences, starting right when they join. All hotels and vacation rentals are independently owned and operated. Visit us at  www.ChoiceHotels.com for more information.

Choice Hotels International (NYSE: CHH), one of the world’s largest hotel companies, today announced that it has reached a definitive agreement to acquire the brand and franchise business of WoodSpring SuitesSM from WoodSpring Hotels Holdings LLC, a portfolio company of Lindsay Goldberg, for approximately $231 million, subject to customary adjustments.

Read more »

Choice Hotels Europe appoints Andrius Remeikis to lead Europeean Corporate Sales

Press Releases   •   Dec 05, 2017 07:00 GMT

Choice Hotels Europe, the company behind the Comfort, Quality, Clarion and Ascend Hotel Collection brands here in Europe and part of Choice Hotels International, Inc, announced today the appointment of Andrius Remeikis as Director, Corporate Sales, Europe.

Choice Privileges rated top hotel loyalty program in USA Today´s 10 Best Readers´Choice Awards

Press Releases   •   Nov 16, 2017 10:51 GMT

Another big win for the Choice Privileges loyalty program from Choice Hotels. For the second straight year, USA Today’s 10Best Readers’ Choice Awards has named Choice Privileges the “Best Hotel Loyalty Program.”

Choice Hotels Europe recognises its 2017 best franchised hotels in Europe

Press Releases   •   Nov 08, 2017 16:45 GMT

  • Comfort Hotel Grand Central in Oslo, Norway “European Comfort Hotel of the Year”
  • Quality Hotel Star Inn Premium Salzburg Gablerbrau in Austria “European Quality Hotel of the Year”
  • Clarion Congress Hotel Olomouc in Czech Republic “European Clarion Hotel of the Year”
  • Ascend Hotel Collection La Malmaison Nice in France “European Ascend Hotel Collection Member of the Year”
  • Malone Lodge, An Ascend Hotel Collection Member in Northern Ireland “European Newcomer of the Year”
  • Fanny Gaucher of the Quality Hotel Bordeaux Centre in France “European General Manager of the Year”

The winners were selected by reviewing each franchised property's guest satisfaction scores, operational superiority and by demonstrating consistent brand performance. "These deserving winners go that extra mile to make our guests feel at home and highlight the property's commitment to exceptional customer service and operational excellence," said Mark Pearce, senior vice president, international division, for Choice Hotels.

Malone Lodge, An Ascend Hotel Collection Member, was awarded “European Newcomer Hotel of the Year.” Joining Choice’s hotel portfolio in June 2017 this Belfast property is located inside a chic Victorian town-house, only minutes away from the Ulster Museum, the Botanic Gardens and the city center. The rooms and apartments offered are all carefully designed to offer a combination of space, comfort and modern technology, within a luxurious décor.

Lisa O’Shea, General Manager, said, “We are delighted to have been recognised as the European Newcomer of the Year, a fitting testament to our dedication to guest service.”

Choice Hotels Europe has also awarded “European General Manager of the Year” to Fanny Gaucher of the Quality Hotel Bordeaux Centre in France. General Manager award winners are selected from nominations by their direct supervisors and owners at the franchised hotels, in response to specific questions relating to their work and collaboration with the Choice Hotels team and brands.

Pearce added, “Many congratulations to Fanny for being recognised for a great effort in upholding brand standards and willingness to share best practices with other Choice brand hotels. All our winners really are excellent examples of the calibre of hotels and their staff that make up our growing franchised hotel network in the UK and the rest of Europe.”

The Choice Hotels Europe portfolio of franchised hotels offers business and leisure travellers a full spectrum from premium economy to upscale hotels. Choice Hotels Europe franchises almost 400 hotels across Europe that are either open or under development. Brands franchised by Choice Hotels Europe include Clarion, which is three to four star rated, Quality, which is three-star rated and provides a mid-scale full service offering, and Comfort, which is two to three star rated and is the largest Choice Hotels International brand worldwide, known for value, customer service and reliability. Choice also provides guests with an upscale, boutique hotel offering through Ascend Hotel Collection, a portfolio of 4-5 star rated independent hotels located in key cities and destinations.

ENDS

For further information, please contact: Sally Brown, sally@brownpr.co.uk, 07917 091782

Choice Hotels International, Inc. (NYSE: CHH) is one of the world's largest lodging companies. With more than 6,500 hotels franchised in more than 40 countries and territories, Choice Hotels International represents more than 500,000 rooms around the globe. As of June 30, 2017, 792 hotels were in our development pipeline. Our company's Ascend Hotel Collection™, Cambria™ hotels & suites, Comfort Inn™, Comfort Suites™, Sleep Inn™, Quality™, Clarion™, MainStay Suites™, Suburban Extended Stay Hotel™, Econo Lodge™, Rodeway Inn™, and Vacation Rentals by Choice Hotels™ brands provide a spectrum of lodging choices to meet guests' needs. With more than 33 million members and counting, our Choice Privileges™ rewards program enhances every trip a guest takes, with benefits ranging from instant, every day rewards to exceptional experiences, starting right when they join. All hotels and vacation rentals are independently owned and operated. Visit us at www.ChoiceHotels.com for more information.

Choice Hotels Europe, the company behind the Comfort, Quality, Clarion and Ascend Hotel Collection brands here in Europe and part of Choice Hotels International, Inc., today announced that it has recognised its 2017 best franchised hotels in Europe.

Read more »

Stewart Bainum, Jr., Choice Hotels Chairman of the Board of Directors, Announces Patrick Pacious to Become Chief Executive Officer and President Effective September 12

Press Releases   •   Aug 10, 2017 11:00 BST

On July 13, 2017, Choice Hotels International, Inc., (NYSE:CHH) Board of Directors announced our CEO Succession Plan and the appointment of Patrick Pacious as incoming President and Chief Executive Officer. We are pleased to share that Pat will assume his role as President and Chief Executive Officer and is joining the Board of Directors on September 12, 2017.

Patrick Pacious to Succeed Stephen Joyce as Chief Executive Officer

Press Releases   •   Jul 14, 2017 23:00 BST

Choice Hotels International, Inc. announced that its Board of Directors appointed Patrick Pacious as President and Chief Executive Officer, effective January 1, 2018.

Choice Hotels Launches Upscale Ascend Hotel Collection Brand in Germany

Press Releases   •   May 09, 2017 09:00 BST

Boutique hotel brand Ascend Hotel Collection, which has been expanding since 2008, is to open its first German property in 2018. It will be part of the new MOTORWORLD Koeln-Rheinland, an event and classic car centre that will open in Spring 2018 and host the private collection of seven times Formula 1 champion Michael Schumacher.

Contacts 1 contact

  • Press Contact
  • Editorial Manager
  • Sazokhmiittca.fgShdyarfmmall@Czfhofnicxmehywotqselyss.ifconamlt

About Choice Hotels UK

You Always Have a Choice.™

With more than 400 hotels in 18 countries across Europe, Choice Hotels Europe™ helps travellers discover and explore new places. Choice Hotels Europe™ is a part of Choice Hotels International, Inc™ (NYSE:CHH), one of the world’s largest and most successful lodging companies. With more than 6,800 hotels franchised in more than 40 countries and territories, we represent more than 550,000 rooms around the globe. Our four distinct hotel brands in Europe provide a spectrum of lodging choices to meet our guests’ needs. Ascend Hotel Collection™ member hotels offer a unique and upscale experience that allows guests to connect with the local flavour of a destination in an entirely new way. Clarion™ properties combine first class service with exceptional facilities and attention to detail. Quality™, the name that has been trusted throughout the years, offers guests a memorable experience through hotels with full service and superior facilities. Comfort™ hotels are widely represented and offer the ideal mix of value and reliability. With more than 37 million global members and counting, Choice Privileges™ rewards programme allows guests to reap the benefits of being a member of the Choice Hotels™ family.

Address

  • Choice Hotels UK
  • 67-74 Saffron Hill
  • EC1N 8QX London
  • United Kingdom