---
schema_version: "secwatch.filing_event.v1"
accession: "0001046311-24-000006"
form_type: "8-K"
ticker: "CHH"
cik: "0001046311"
company_name: "CHOICE HOTELS INTERNATIONAL INC /DE"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:38:30.401974+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Choice Hotels reports record FY2023 revenue $1.5B, adj EBITDA $540.5M; guides 2024 adj EBITDA $580-600M

## Summary
- FY2023 revenue $1.5B (+10% YoY), adj diluted EPS $6.11 (+16%), adj EBITDA $540.5M (record, above guidance).
- Q4 adj diluted EPS $1.44 (+14% YoY), adj EBITDA $125M (+11%); total rev $358.4M (-1%).
- Global rooms pipeline >105,000 (+6% seq); conversion rooms pipeline +34% YoY; 263 hotel openings in 2023 (+13%).
- FY2024 guidance: net income $260-274M, adj EBITDA $580-600M; domestic effective royalty rate 4.99% (+6 bps).
- Pushing Wyndham combination; purchased >$110M of Wyndham shares in Q4; nominated director slate for Wyndham 2024 annual meeting.

## SEC filing metadata
- accession: 0001046311-24-000006
- form_type: 8-K
- ticker: CHH
- cik: 0001046311
- company_name: CHOICE HOTELS INTERNATIONAL INC /DE
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046311/000104631124000006/0001046311-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046311/000104631124000006/chh-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046311-24-000006
- JSON: https://secwatch.observer/filing/0001046311-24-000006.json
- Plain text: https://secwatch.observer/filing/0001046311-24-000006.txt

## Key facts
- Earnings Releases
  CHOICE HOTELS INTERNATIONAL INC /DE reported full-year 2024 results: net income $260 million and $274 million. Guidance initiated.
  - Period: full-year 2024
  - Net income: $260 million and $274 million
  - Guidance: initiated
  - Result: guidance update
  source text: • The company provided full-year 2024 net income guidance of $ 260 million and $274 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046311/000104631124000006/0001046311-24-000006-index.htm
- Earnings Releases
  CHOICE HOTELS INTERNATIONAL INC /DE reported fourth quarter 2023 results: revenue $358.4 million, net income $29 million, EPS $0.58.
  - Period: fourth quarter 2023
  - Revenue: $358.4 million
  - Net income: $29 million
  - EPS: $0.58
  - Result: reported results
  source text: • Fourth quarter 2023 total revenues were $358.4 million, a 1% decline compared to the same period of 2022. • Net income was $29 million for fourth quarter 2023, representing diluted EPS of $0.58.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046311/000104631124000006/0001046311-24-000006-index.htm
- Earnings Releases
  CHOICE HOTELS INTERNATIONAL INC /DE reported full-year 2023 results: revenue $1.5 billion, net income $258.5 million, EPS $5.07.
  - Period: full-year 2023
  - Revenue: $1.5 billion
  - Net income: $258.5 million
  - EPS: $5.07
  - Result: reported results
  source text: • Record total revenues grew 10% to $1.5 billion for full-year 2023 compared to the same period of 2022. • Net income was $258.5 million for full-year 2023, representing diluted earnings per share (EPS) of $5.07.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046311/000104631124000006/0001046311-24-000006-index.htm

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