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....
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Choice Hotels: Favorable Developments