Highest-materiality recent filing
Choice Hotels CEO Patrick Pacious steps down; Dominic Dragisich named interim CEO
Patrick Pacious steps down as President & CEO effective May 20, 2026; will serve as advisor through Aug 31, 2026.
Choice Hotels Q1: record revenue $340.6M, net income down to $20.3M; global net rooms +1.7%
Total revenues $340.6M (record Q1); net income $20.3M ($0.44 diluted EPS); adjusted EPS $1.07.
Choice Hotels Q3 net income $180M ($3.86 EPS); adjusted EBITDA record $190M, up 7% YoY
Net income $180M vs $105.7M; diluted EPS $3.86 vs $2.22; total revenues $447M (+5% YoY).
Choice Hotels Q2 net income $81.7M ($1.75 EPS); adjusted EPS $1.92 record; Canada acquisition closed
Adjusted diluted EPS $1.92 (record, +4% YoY); adjusted EBITDA $165M (+2% YoY).
Choice Hotels Q1 net income up 44% to $44.5M; adjusted EPS $1.34 record
Net income $44.5M ($0.94 diluted EPS) vs $31M ($0.62) yoy; adjusted EPS $1.34 vs $1.28, record Q1.
Choice Hotels beats Q4/FY2024 guidance; net income $299.7M, record adjusted EBITDA $604.1M
Net income $299.7M (+16% YoY), diluted EPS $6.20 (+22%), both exceeded top end of FY2024 guidance.
Choice Hotels Q3 2024 EPS $2.22 (+23% YoY); raises full-year guidance
Total revenues of $428.0M (record, +1% YoY); net income $105.7M (+15%).
Choice Hotels Q2 net income up 3% to $87.1M, raises FY2024 EPS guidance
Total revenues $435.2M (+2% YoY); net income $87.1M (+3%); diluted EPS $1.80 (+9% YoY).
Choice Hotels closes $600M offering of 5.850% senior notes due 2034
Issued $600M aggregate principal amount of 5.850% senior notes maturing Aug 1, 2034.
Choice Hotels Q1 adjusted EPS record $1.28, pipeline up 10%, raises guidance
Net income $31.0M ($0.62 diluted EPS); adjusted net income up 9% to $63.7M, adjusted diluted EPS up 14% to $1.28 (Q1 record).
Choice Hotels ends Wyndham acquisition bid, boosts buyback by 5M shares
Exchange offer expired March 8; no shares bought; Choice withdrew director nominee slate for Wyndham 2024 meeting.
Choice Hotels urges Wyndham stockholders to tender shares by March 8 deadline in exchange offer
Offer value of $90 per share: $49.50 cash plus 0.324 Choice shares, based on Choice's Oct 16, 2023 price.
FY2023 revenue $1.5B (+10% YoY), adj diluted EPS $6.11 (+16%), adj EBITDA $540.5M (record, above guidance).
Choice Hotels proposes eight nominees for Wyndham board as part of hostile takeover attempt
Slate of eight independent nominees proposed for Wyndham 2024 annual meeting; includes former Discovery CFO and hospitality leaders.
Choice Hotels enters $500M unsecured term loan due Dec 2024 with SOFR pricing
$500M unsecured term loan; maturity Dec 16, 2024 with optional one-year extension subject to lender consent.
Choice Hotels launches hostile exchange offer for Wyndham at ~$90/share; begins HSR review
Exchange offer: $49.50 cash + 0.324 CHH shares per WH share, valued at ~$90/share (30% premium to Wyndham's Oct 16 close of $69.10).
Choice Hotels Q3 adjusted EPS $1.82, up 17% YoY; raises FY2023 guidance
Total revenues $425.6M (+3% YoY); adjusted EBITDA $155.9M (record, +12%).
Choice Hotels publicly urges Wyndham to negotiate on $90/share acquisition proposal
Choice calls on Wyndham board to engage in good faith discussions on $90 per share cash-and-stock offer (14.9x consensus 2023 EBITDA).
Choice Hotels proposes to acquire Wyndham for $90/share, ~$7.8B equity value
Total equity value ~$7.8B (enterprise value ~$9.8B); consideration 55% cash / 45% stock.
Choice Hotels appoints new CFO, EVP Operations; exec team reshuffled after Radisson integration
Dominic Dragisich promoted to EVP, Operations & Chief Global Brand Officer; salary raised to $750k, short-term target to 115%.
Revenue $427.4M record (+16% YoY); adjusted EBITDA $153.1M record (+18%).
Choice Hotels reaffirms 2023 outlook, projects >10% adjusted EBITDA growth in 2024
Reaffirmed full-year 2023 guidance; 2024 adjusted EBITDA growth >10% at midpoint, driven by ~$20M incremental Radisson contribution.
Choice Hotels Q1: record revenue $332.8M (+29%), adjusted EBITDA $106.4M; raises FY outlook
Total revenues $332.8M (Q1 record, +29% YoY); net income $52.8M ($1.02 diluted EPS) down 22% due to Radisson integration costs.
Choice Hotels reports record FY2022 revenue of $1.4B; adjusted EBITDA up 19% to $478.6M
Total revenues for FY2022 reached $1.4B, up 31% YoY; net income record $332.2M ($5.99 diluted EPS).
Choice Hotels Q3 net income $103.1M, RevPAR up 15.2% vs 2019, Radisson deal closed
Total revenues $414.3M (+28% YoY); diluted EPS $1.85; adjusted diluted EPS $1.56.
Choice Hotels' Radisson purchase: combined financials filed; Radisson lost $51.9M in 2021
Consideration paid at closing was approximately $673.2 million for Radisson Americas.
Choice Hotels completes acquisition of Radisson Hotels Americas for ~$673M, adds 67K rooms
Purchase price of ~$673.2M funded by cash on hand; includes real estate value of three owned hotels.
Choice Hotels Q2 2022 RevPAR up 13% vs 2019; net income rises 24% to $106.2M
Domestic RevPAR grew 13% vs Q2 2019, outperforming industry by 360 bps; 13 consecutive months above 2019 levels.
Choice Hotels to acquire Radisson Hotel Group Americas for $675M, adding 624 hotels
Purchase price ~$675M for Radisson Americas franchise business, operations, and IP; funded with cash and revolver borrowings.
Choice Hotels extends CEO severance term to 2027, adds aircraft and health benefits
CEO Patrick Pacious severance agreement extended through Dec 31, 2027; auto-renews every five years unless notice given.
Choice Hotels Q1 2022 RevPAR +10.4% vs 2019; net income $67.4M, EPS $1.20
Total revenues up 41% YoY to $257.7M; royalties up 38% to $87.0M.
Full-year 2021 net income $289M ($5.15 diluted EPS), a company record; adjusted EBITDA $403.6M, margin 74.7% (520 bps increase vs 2019).
Choice Hotels Q3 RevPAR +11.4% vs 2019; net income $116.7M, EPS $2.08
Domestic systemwide RevPAR up 11.4% vs Q3 2019; ADR +8.8%, occupancy +150 bps.
Choice Hotels Q2 net income up 15% to $85.9M; RevPAR nearly back to 2019 levels, dividend reinstated
Q2 net income $85.9M ($1.53 EPS), up 15% vs Q2 2019; adjusted EPS $1.22, up 3%.
The Board of Directors (the “Board”) of Choice Hotels International, Inc. (the “Company”) appointed Ali Keshavarz as a director of the Company, effective June 26, 2026, for a term expiring at the 2027 Annual Meeting of Shareholders.
the Board appointed Dominic E. Dragisich, the Company’s Chief Growth & Strategy Officer, as the Company’s Interim CEO, effective May 20, 2026.
Patrick S. Pacious will step down as the Company’s President & Chief Executive Officer (“CEO”), effective May 20, 2026.
In addition, John E. Bonds, the Company’s Senior Vice President, Enterprise Operations and Technology, will be resigning from the Company effective November 10, 2023 to pursue other opportunities.
(ii) Scott E. Oaksmith as Chief Financial Officer, in each case, effective as of September 1, 2023.
On August 30, 2023, Choice Hotels International, Inc. (the “Company”) announced the appointment of (i) Dominic E. Dragisich as Executive Vice President, Operations and Chief Global Brand Officer
On March 20, 2023, Elizabeth A. Redmond, the current principal accounting officer of Choice Hotels International, Inc. (the “Company”) for the purposes of the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), provided notice of her resignation from the Company, effective April 7, 2023.
Dominic E. Dragisich, Chief Financial Officer of the Company since March 2017 and the current principal financial officer of the Company for the purposes of the Company’s filings with the SEC, will serve as the Company’s principal financial officer and principal accounting officer upon Ms. Redmond’s departure.
On July 21, 2021, the Board of Directors (the “Board”) of Choice Hotels International, Inc. (the “Company”) appointed Donna Vieira as a director of the Company, effective immediately
Max materiality 0.90 · Median 0.70 · Most common event earnings