A conference call will also be available. Participants may listen to the call by dialing (888) 259-6580
domestically or (416) 764-8624 internationally using conference ID 12743708.
A replay and transcript of the event will be available on the companys
investor relations website within 24 hours at
www.investor.choicehotels.com/events-and-presen
tations.
About Choice Hotels®
Choice Hotels International,
Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world, with over 7,500 hotels, representing more than 630,000 rooms, in 46 countries and territories as of December 31, 2023. A diverse portfolio of 22 brands that
range from full-service upper upscale properties to midscale, extended stay, and economy enables Choice® to meet travelers needs in more places and for more occasions while driving more
value for franchise owners and shareholders. The award-winning Choice Privileges® rewards program and co-brand credit card options provide members with a fast and easy way to earn reward
nights and personalized perks. For more information, visit www.choicehotels.com.
Forward-Looking Statements
Information set forth herein includes forward-looking statements. Certain, but not necessarily all, of such
forward-looking statements can be identified by the use of forward-looking terminology, such as expect, estimate, believe,
anticipate, should, will, forecast, plan, project, assume, or similar words of futurity. All statements other than historical facts are forward-looking statements.
These forward-looking statements are based on managements current beliefs, assumptions, and expectations regarding future events, which in turn are based on information currently available to management.
Such statements include, but are not limited to, the ultimate outcome of any possible transaction between Choice and Wyndham (including the possibility that the parties will not agree to pursue a business combination transaction or that the terms of
any definitive agreement will be materially different from those described); uncertainties as to whether Wyndham will cooperate with Choice regarding the proposed transaction; Choices ability to consummate the proposed transaction with
Wyndham; the conditions to the completion of the proposed transaction, including the receipt of any required shareholder approvals and any required regulatory approvals; Choices ability to finance the proposed transaction with Wyndham;
Choices indebtedness, including the substantial indebtedness Choice expects to incur in connection with the proposed transaction with Wyndham and the need to generate sufficient cash flows to service and repay such debt; the possibility that
Choice may be unable to achieve expected synergies and operating efficiencies within the expected timeframes or at all and to successfully integrate Wyndhams operations with those of Choice, including the Choice rewards program; the
possibility that Choice may be unable to achieve the benefits of the proposed transaction for its franchisees, associates, investors and guests within the expected timeframes or at all, including that such integration may be more difficult,
time-consuming or costly than expected; that operating costs and business disruption (without limitation, difficulties in maintaining relationships with associates, guests or franchisees) may be greater than expected following the proposed
transaction or the public announcement of the proposed transaction; and that the retention of certain key employees may be difficult. Such statements may relate to projections of Choices revenue, expenses, EBITDA, adjusted EBITDA, earnings,
debt levels, ability to repay outstanding indebtedness, payment of dividends, repurchases of common stock and other financial and operational measures, including occupancy and open hotels, RevPAR, and Choices liquidity, among other matters. We
caution you not to place undue reliance on any such forward-looking statements. Forward-looking statements do not guarantee future performance and involve known and unknown risks, uncertainties, and other
factors.