secwatch.observer — SEC 8-K summary
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Issuer:     CHOICE HOTELS INTERNATIONAL INC /DE (CHH)
CIK:        0001046311
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001046311-23-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046311/000104631123000017/0001046311-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046311/000104631123000017/chh-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001046311-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer