---
schema_version: "secwatch.filing_event.v1"
accession: "0001046311-23-000017"
form_type: "8-K"
ticker: "CHH"
cik: "0001046311"
company_name: "CHOICE HOTELS INTERNATIONAL INC /DE"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T07:56:21.017394+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Choice Hotels Q1: record revenue $332.8M (+29%), adjusted EBITDA $106.4M; raises FY outlook

## Summary
- Total revenues $332.8M (Q1 record, +29% YoY); net income $52.8M ($1.02 diluted EPS) down 22% due to Radisson integration costs.
- Adjusted EBITDA record $106.4M, +10% YoY, exceeding guidance; adjusted diluted EPS $1.12 (record, +9% YoY).
- Domestic RevPAR +5.9% YoY; ADR +5.2%; occupancy +34 bps; effective royalty rate 4.99% (+6 bps).
- Returned over $173M to shareholders; board raised quarterly dividend 21% to $1.15 annual rate starting April 2023.
- Signed multi-year co-branded credit card agreement with Wells Fargo and Mastercard; global pipeline up 14% to 96,000+ rooms.

## SEC filing metadata
- accession: 0001046311-23-000017
- form_type: 8-K
- ticker: CHH
- cik: 0001046311
- company_name: CHOICE HOTELS INTERNATIONAL INC /DE
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046311/000104631123000017/0001046311-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046311/000104631123000017/chh-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046311-23-000017
- JSON: https://secwatch.observer/filing/0001046311-23-000017.json
- Plain text: https://secwatch.observer/filing/0001046311-23-000017.txt

## Key facts
- Earnings Releases
  CHOICE HOTELS INTERNATIONAL INC /DE reported first quarter 2023 results: revenue $332.8 million, net income $52.8 million, EPS $1.02. Guidance raised.
  - Period: first quarter 2023
  - Revenue: $332.8 million
  - Net income: $52.8 million
  - EPS: $1.02
  - Guidance: raised
  - Result: reported results
  source text: one of the world's largest lodging franchisors, today reported its first quarter 2023 results. Highlights of first quarter 2023 results include : 1 • Total revenues reached $332.8 million for first quarter 2023, a first-quarter record and a 29% increase compared to the same period of 2022. • Net income exceeded the top end of the company’s guidance and reached
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046311/000104631123000017/0001046311-23-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.