secwatch.observer — SEC 8-K summary
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Issuer:     CHOICE HOTELS INTERNATIONAL INC /DE (CHH)
CIK:        0001046311
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001046311-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046311/000104631124000006/0001046311-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046311/000104631124000006/chh-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001046311-24-000006

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