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Last $50.66 USD
Change Today -0.52 / -1.02%
Volume 220.4K
CHH On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

choice hotels intl inc (CHH) Snapshot

Open
$50.42
Previous Close
$51.18
Day High
$50.91
Day Low
$50.17
52 Week High
03/20/15 - $65.31
52 Week Low
08/7/14 - $46.29
Market Cap
2.9B
Average Volume 10 Days
228.2K
EPS TTM
$2.09
Shares Outstanding
57.6M
EX-Date
06/29/15
P/E TM
24.2x
Dividend
$0.78
Dividend Yield
1.52%
Current Stock Chart for CHOICE HOTELS INTL INC (CHH)

choice hotels intl inc (CHH) Related Businessweek News

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choice hotels intl inc (CHH) Details

Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor worldwide. It operates in two segments, Franchising and SkyTouch Technology. The company franchises lodging properties under the proprietary brand names of Comfort Inn, Comfort Suites, Cambria hotels and suites, Quality, Clarion, Ascend Hotel Collection, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, and Suburban Extended Stay Hotel. It also develops and markets cloud-based technology products, including inventory management, pricing, and connectivity to third party channels and hoteliers that are not under franchise agreements with the company; and onsite and remote installation, training, and support services. As of July 15, 2015, the company franchised approximately 6,300 hotels comprising approximately 500,000 rooms. Choice Hotels International, Inc. was founded in 1981 and is based in Rockville, Maryland.

1,331 Employees
Last Reported Date: 03/2/15
Founded in 1981

choice hotels intl inc (CHH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $958.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $413.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $515.3K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $363.8K
Senior Vice President of Global Development
Total Annual Compensation: $352.1K
Compensation as of Fiscal Year 2014.

choice hotels intl inc (CHH) Key Developments

Choice Hotels International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Year 2015

Choice Hotels International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $232,156,000 against $197,664,000 a year ago. Operating income was $62,917,000 against $60,153,000 a year ago. Income from continuing operations before income taxes was $52,879,000 against $50,234,000 a year ago. Income from continuing operations, net of income taxes was $35,813,000 or $0.62 diluted per share against $35,279,000 or $0.60 diluted per share a year ago. Net income was $35,813,000 or $0.62 diluted per share against $35,400,000 or $0.60 diluted per share a year ago. EBITDA was $65,912,000 against $62,485,000 a year ago. For the six months, the company reported total revenues of $407,401,000 against $357,400,000 a year ago. Operating income was $104,321,000 against $101,325,000 a year ago. Income from continuing operations before income taxes was $83,913,000 against $81,762,000 a year ago. Income from continuing operations, net of income taxes was $57,407,000 or $0.99 diluted per share against $56,748,000 or $0.96 diluted per share a year ago. Net income was $57,407,000 or $0.99 diluted per share against $58,510,000 or $0.99 diluted per share a year ago. Net cash provided by operating activities was $37,930,000 against $65,832,000 a year ago. Investment in property and equipment was $6,283,000 against $12,216,000 a year ago. EBITDA was $110,006,000 against $105,935,000 a year ago. The company's third quarter 2015 diluted EPS is expected to be $0.72. The company expects full-year 2015 diluted EPS to range between $2.18 and $2.22 and full year 2015 EBITDA to range between $237 million and $241 million.

Choice Hotels International Inc. Announces Expansion in Orlando

Choice Hotels International Inc. announced that it has signed an agreement with Nevada Coal and Grain LLC led by Matthew Gillio and Don Fuller, to develop a new Cambria hotel & suites in Orlando, FL. The 140 room Cambria property will be located at the intersection of International Dr. and Central Florida Parkway and is expected to open in 2017. Designed as a business travel and leisure brand, all Cambria hotels are new-construction and feature a larger lobby to give guests a more social atmosphere; oversized rooms that are larger than standard hotel rooms and include ample living, working and sleeping spaces; and the latest technology that allows guests to stay connected while they travel. Like all Cambria hotels & suites, the International Drive Orlando property will feature other fine amenities such as a contemporary bistro, Social Circle, serving a menu of local specialties created by Chef Michael DeMaria; liquor, wine, beer and freshly prepared grab-and-go gourmet salads and sandwiches; and a barista bar. This property will also boast over 2,000 square feet of meeting and reception space for events, complimented by onsite catering and excellent service. Guests will also experience a modern fitness facility and a comfortable pool area for relaxation and enjoyment.

Choice Hotels International, Inc. Enters into New Credit Agreement

On July 21, 2015, Choice Hotels International Inc. entered into the new credit agreement. The new credit agreement provides for a $450 million unsecured revolving credit facility with a final maturity date of July 21, 2020, subject to optional one-year extensions that can be requested by the company prior to each of the first, second and third anniversaries of the closing date of the new revolver. The effectiveness of any such extensions are subject to the consent of the lenders under the new credit agreement and certain customary conditions. Up to $35 million of borrowings under the new revolver may be used for alternative currency loans and up to $15 million of borrowings under the new revolver may be used for swingline loans. the new revolver is unconditionally guaranteed, jointly and severally, by certain of the company's domestic subsidiaries, which are considered restricted subsidiaries under the new credit agreement. The subsidiary guarantors currently include all subsidiaries that guarantee the obligations under the company's indenture governing the terms of its 5.75% senior notes due 2022 and its 5.70% senior notes due 2020. If the company achieves and maintains an investment grade rating, as defined in the new credit agreement, then the subsidiary guarantees will at the election of the company be released and the new revolver will not be guaranteed. The company may at any time prior to the final maturity date increase the amount of the new revolver by up to an additional $150 million to the extent that any one or more lenders commit to being a lender for the additional amount and certain other customary conditions are met. The company currently may elect to have borrowings under the new revolver bear interest at a rate equal to LIBOR plus a margin ranging from 135 to 175 basis points based on the company's total leverage ratio or a base rate plus a margin ranging from 35 to 75 basis points based on the company's total leverage ratio. If the company achieves an investment grade rating, then the company may elect to use a different, ratings-based, pricing grid set out in the new credit agreement. The new credit agreement requires the company to pay a fee on the undrawn portion of the new revolver, calculated on the basis of the average daily unused amount of the new revolver multiplied by 0.20% per annum. If the company achieves an investment grade rating and it elects to use the ratings-based pricing grid set out in the new credit agreement, then the company will be required to pay a fee on the total commitments under the new revolver, calculated on the basis of the actual daily amount of the commitments under the new revolver (regardless of usage) times a percentage per annum ranging from 0.10% to 0.25% (depending on the company's senior unsecured long-term debt rating). The new credit agreement requires that the company and its restricted subsidiaries comply with various covenants, including with respect to restrictions on liens, incurring indebtedness, making investments and effecting mergers and/or asset sales. With respect to dividends, the company may not declare or make any payment if there is an existing event of default or if the payment would create an event of default. in addition, if the company's total leverage ratio exceeds 4.0 to 1.0, the company is generally restricted from paying aggregate dividends in excess of $50 million in any calendar year. The new credit agreement imposes financial maintenance covenants requiring the company to maintain a total leverage ratio of not more than 4.5 to 1.0 and a consolidated fixed charge coverage ratio of at least 2.5 to 1.0. If the company achieves and maintains an investment grade rating, then the company will not need to comply with the consolidated fixed charge coverage ratio covenant. the new credit agreement includes customary events of default, the occurrence of which, following any applicable cure period, would permit the lenders to, among other things, declare the principal, accrued interest and other obligations of the company under the new credit agreement to be immediately due and payable. The proceeds of the new revolver are expected to be used for general corporate purposes, including working capital, debt repayment, stock repurchases, dividends, investments and other permitted uses set forth in the new credit agreement. Certain of the lenders, as well as certain of their respective affiliates, have performed and may in the future perform for the company and its subsidiaries, various commercial banking, investment banking, lending, underwriting, trust services, financial advisory and other financial services, for which they have received and may in the future receive customary fees and expenses. In connection with the entry into the new credit agreement, on July 21, 2015, the company's $350 million senior secured credit facility, dated as of July 25, 2012, among the company, Deutsche Bank AG New York Branch, as administrative agent, Wells Fargo Bank, National Association, as syndication agent, and a syndication of lenders (the old credit facility), was terminated and replaced by the new credit agreement. The old credit facility consisted of a $200 million revolving credit tranche and a $150 million term loan with an initial maturity date of July 25, 2016.

 

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CHH Competitors

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La Quinta Holdings Inc $21.22 USD -0.13
Mandarin Oriental International Ltd $1.59 USD -0.025
Melia Hotels International SA €13.11 EUR -0.035
Millennium & Copthorne Hotels PLC 558.00 GBp +5.50
Hongkong & Shanghai Hotels Ltd/The $10.28 HKD +0.22
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Industry Analysis

CHH

Industry Average

Valuation CHH Industry Range
Price/Earnings 24.1x
Price/Sales 3.6x
Price/Book NM Not Meaningful
Price/Cash Flow 22.0x
TEV/Sales 2.3x
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