CHH - Choice Hotels signs agreement with ServiceStar Capital

• Choice Hotels International ( NYSE: CHH ) has signed an agreement with Colorado-based real estate investment firm ServiceStar Capital Management develop 21 new Everhome Suites hotels.
• This transaction represents Choice's largest investment in the brand, outlining a significant expansion across the U.S. with future Everhome Suites planned in Colorado, Arizona, Utah, Nevada and Florida over the next few years.
• Choice's newest brand, Everhome Suites, is a new construction, midscale extended stay offering featuring purpose-built accommodations for the way guests live and work during longer-term stays.
• In addition to investing in Everhome Suites, ServiceStar Capital Management and their Development Partners are developing more than 50 WoodSpring Suites hotels across the country.

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