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home / news releases / CHH - Choice Hotels: Favorable Developments

CHH - Choice Hotels: Favorable Developments

Choice Hotels International Inc.

2024-03-20 02:26:57 ET

Summary

  • CHH has abandoned plans to buy its peer Wyndham Hotels, which means that it has the potential to allocate more capital to other areas.
  • Choice Hotels recently disclosed the expansion of its share buyback plan and the opening of a new midscale extended stay hotel in Georgia.
  • The stock continues to be rated as a Buy, taking into account its recent developments, which I view as favorable.

Elevator Pitch

Choice Hotels International, Inc. ( CHH ) shares are assigned a Buy investment rating. Earlier, I wrote about CHH's 2024 financial outlook in my previous update published on October 10, 2023....

For further details see:

Choice Hotels: Favorable Developments
Stock Information
Company Name: Choice Hotels International Inc.
Stock Symbol: CHH
Market: NYSE
Website: choicehotels.com
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