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Stock impact report

CHH Emerges as the Pioneer of Extended-Stay Conversion Hotels [Yahoo! Finance]

Choice Hotels International, Inc. (CHH) 
Last choice hotels international, inc. earnings: 2/18 08:12 am Check Earnings Report
US:NYSE Investor Relations: investor.choicehotels.com
Company Research Source: Yahoo! Finance
Choice Hotels International, Inc. 's CHH expertise in top-tier hotel conversions is opening new doors for it in the extended-stay hotels segment along with expanding its market reach. Between Jan. 1 and Sept. 17, 2024, CHH opened 17 MainStay Suites and Suburban Studios hotels, of which 16 properties were conversions, with the average length of time between contract signing and official opening being around 120 days. The key opening markets were Las Vegas, NV; Moreno Valley, CA; Orlando and Tampa, FL. Furthermore, about half of the approximately 70 properties in the pipeline for MainStay Suites and Suburban Studios are conversions, which are expected to open between September 2024 and March 2025. CHH stock inched up 0.5% during the trading hours on Monday following this announcement. CHH's MainStay Suites & Suburban Studios Two of Choice Hotels' proprietary brand names, MainStay Suites and Suburban Studios, offer the comforts of home with a fully equipped kitchen in every ro Show less Read more
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