Board Approves Dividend of $0.2875 Per Share on the Company's Common
Stock
NORTH
BETHESDA, Md., Dec. 11,
2024 /PRNewswire/ -- Choice Hotels International,
Inc. (NYSE: CHH), one of the world's leading lodging
franchisors, announced that its board of directors has declared a
cash dividend of $0.2875 per share on
the company's common stock. The dividend is payable on January 16, 2025, to shareholders of record on
January 2, 2025.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of
the largest lodging franchisors in the world. The one to watch in
upscale and a leader in midscale and extended stay, Choice® has
over 7,500 hotels, representing nearly 635,000 rooms, in 45
countries and territories. 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
Certain matters discussed in this press release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. 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 management's current beliefs, assumptions, and
expectations regarding future events, which, in turn, are based on
information currently available to management. Such statements may
relate to projections of the company's 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 the company's occupancy and open hotels, RevPAR, and
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.
Several factors could cause actual results, performance or
achievements of the company to differ materially from those
expressed in or contemplated by the forward-looking statements.
Such risks include, but are not limited to, changes to general,
domestic and foreign economic conditions, including access to
liquidity and capital; changes in consumer demand and confidence,
including consumer discretionary spending and the demand for
travel, transient and group business; the timing and amount of
future dividends and share repurchases; future domestic or global
outbreaks of epidemics, pandemics or contagious diseases or fear of
such outbreaks, and the related impact on the global hospitality
industry, particularly but not exclusively the U.S. travel market;
changes in law and regulation applicable to the travel, lodging or
franchising industries, including with respect to the status of the
company's relationship with employees of our franchisees; foreign
currency fluctuations; impairments or declines in the value of the
company's assets; operating risks common in the travel, lodging or
franchising industries; changes to the desirability of our brands
as viewed by hotel operators and customers; changes to the terms or
termination of our contracts with franchisees and our relationships
with our franchisees; our ability to keep pace with improvements in
technology utilized for marketing and reservations systems and
other operating systems; our ability to grow our franchise system;
exposure to risks related to our hotel development, financing and
ownership activities; exposures to risks associated with our
investments in new businesses; fluctuations in the supply and
demand for hotel rooms; our ability to realize anticipated benefits
from acquired businesses; impairments or losses relating to
acquired businesses; the level of acceptance of alternative growth
strategies we may implement; the impact of inflation; cyber
security and data breach risks; climate change and sustainability
related concerns; ownership and financing activities; hotel
closures or financial difficulties of our franchisees; operating
risks associated with our international operations; labor
shortages; the outcome of litigation; and our ability to
effectively manage our indebtedness and secure our indebtedness.
These and other risk factors are discussed in detail in the
company's filings with the U.S. Securities and Exchange Commission,
including our Annual Report on Form 10-K and, as applicable, our
Quarter Reports on Form 10-Q. We undertake no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise, except as
required by law.
© 2024 Choice Hotels International, Inc. All Rights
Reserved
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SOURCE Choice Hotels International, Inc.