Board Approves Dividend of $0.2875 Per Share on the Company's Common
Stock
NORTH BETHESDA, Md.,
Feb. 28, 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
April 17, 2024, to shareholders of
record on April 2, 2024.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest
lodging franchisors in the world. The challenger in upscale and a
leader in midscale and extended stay, Choice® has over 7,500
hotels, representing more than 630,000 rooms, in 46 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," "believe," "anticipate," "will," "forecast," "plan,"
"project," 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 growth, performance and revenue and other financial,
strategic and operational measures, including the company's
liquidity, organizational structure, corporate initiatives and
services, 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; the company's ability to successfully
integrate Radisson Hotels Americas' employees and operations; the
ability to realize the anticipated benefits and synergies of the
acquisition of Radisson Hotels Americas as rapidly or to the extent
anticipated; changes in consumer demand and confidence; 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; 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; and our ability to effectively
manage our indebtedness, and secure our indebtedness, including
additional indebtedness incurred as a result of the acquisition of
Radisson Hotels Americas. These and other risk factors are
discussed in detail in the company's filings with the 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.