choice hotels intl inc (CHH) Key Developments
Choice Hotels International Inc. Appoints Mark Shalala Vice President of Franchise Development for Cambria Hotels & Suites
Mar 25 15
Choice Hotels International Inc. announced that it has named Mark Shalala as vice president of franchise development for Cambria hotels & suites. In his new role, Mr. Shalala will be responsible for the franchise growth of the Cambria hotels & suites brand. He will be responsible for leading the franchise sales team in developing and implementing new strategies to increase the brand's distribution among key markets nationwide. This includes capitalizing on the company's commitment to the brand, including $250 million in corporate investments and other financial based incentives aimed to fuel the brand's growth, primarily in urban markets. As Mr. Shalala oversees the franchise development team, the Cambria hotels & suites brand will also place a concentrated effort on solidifying institutional capital partnerships. CA Anderson, vice president, Cambria Investments, will lead this effort moving forward.
Choice Hotels International and O'Reilly Hospitality Management Announce the Opening of New Cambria Hotel & Suites Plano-Legacy in Texas
Mar 20 15
Choice Hotels International Inc. and O'Reilly Hospitality Management, LLC have announced the opening of new Cambria hotel & suites Plano-Legacy in Texas. This four-story, 84,000 square-foot hotel features 129 rooms all with separate living, working and sleeping spaces. Guests can spread out in oversized rooms and enjoy functional, chic decor and modern amenities such as a MediaHub plug-and-play station, which allows guests to connect their laptop, MP3 player, game console, digital camera, smartphone, or CD/DVD player hassle free. Guests can also feel a little pampered while traveling in the large spa-like bathrooms with walk-in showers.
Choice Hotels International Declares Quarterly Cash Dividend Payable on April 17, 2015
Mar 4 15
Choice Hotels International announced that its board of directors declared a quarterly cash dividend of $0.195 per share of common stock. The dividend is payable on April 17, 2015 to shareholders of record on April 3, 2015.
Choice Hotels International Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year 2015
Feb 20 15
Choice Hotels International Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's total revenues were $185.402 million compared with $168.831 million a year ago. Operating income was $46.257 million compared with $41.142 million a year ago. Income from continuing operations before income taxes was $36.038 million compared with $32.315 million a year ago. Net income was $25.285 million or $0.43 per diluted share compared with $23.443 million or $0.40 per basic and diluted share a year ago. EBITDA was $48.719 million against $43.497 million a year ago.
For the year, the company's total revenues were $757.970 million compared with $724.650 million a year ago. Operating income was $214.568 million compared with $196.248 million a year ago. Income from continuing operations before income taxes was $173.758 million compared with $158.672 million a year ago. Net income was $123.160 million or $2.10 per diluted share compared with $113.709 million or $0.17 per basic and diluted share a year ago. Net cash provided by operating activities was $183.891 million compared with $153.913 million a year ago. Investment in property and equipment was $20.946 million compared with $33.397 million a year ago. EBITDA was $223.933 million against $205.304 million a year ago.
For the first quarter of 2015, the company's diluted EPS is expected to be $0.37. The effective tax rate for continuing operations is expected to be 31.8%. The company also expects strong RevPAR trends experienced in the fourth quarter to extend into the first quarter. Therefore, the company is projecting RevPAR to increase 11% for the first quarter of 2015, but then expect a slight deceleration in the pace of quarterly RevPAR growth for the remainder of the year as the prior year comparable figures gets stronger. The company’s franchising activity guidance assumes that its RevPAR will increase approximately 11% for the first quarter.
For the full year 2015, the company's diluted EPS to range between $2.14 and $2.21. EBITDA are expected to range between $236 million and $241 million. The effective tax rate for continuing operations is expected to be 31.1%. Current RevPAR trends, industry supply dynamics and U.S. macroeconomic trends point to continued growth in 2015, and the company expects its full year 2015 RevPAR to increase between 6.5% and 8%. The company’s franchising activity guidance assumes that its RevPAR will range between 6.5% and 8% for full year 2015. The company’s net domestic unit growth will increase by approximately 1% and its effective royalty rate will increase by 2 basis points for the full year. Based on these assumptions, the company is establishing guidance for full year 2015 EBITDA from franchising activities to range between $254 million and $259 million.
Cambria Hotels + Suites Presents at Americas Lodging Investment Summit, Jan-27-2015 10:45 AM
Jan 27 15
Cambria Hotels + Suites Presents at Americas Lodging Investment Summit, Jan-27-2015 10:45 AM. Venue: JW Marriott & Nokia Theatre L.A., Los Angeles, California, United States. Speakers: CA Anderson, Vice President, Development.