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Choice Hotels Family and Friends Rate Code 2017

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American hospitality company

Choice Hotels International, Inc.
Type Public

Traded equally

 NYSE: CHH
S&P 400 Component
Russell 1000 Component
Manufacture
  • Hospitality
  • Franchising
Founded 1939; 83 years ago  (1939)
Headquarters

Rockville, Maryland

,

United states

Number of locations

 Increase vii,118 (June 30, 2020)[i] [ii]

Area served

 Worldwide

Key people
  • Pat Pacious (president and​ CEO)
  • Stewart W. Bainum Jr.​ (chairman)
  • Dom Dragisich (CFO)
Brands
  • Ascend Hotel Drove
  • Cambria Hotels
  • Comfort
  • Sleep Inn
  • Quality Inn
  • Clarion
  • MainStay Suites
  • WoodSpring Suites
  • Suburban Extended Stay Hotel
  • Econo Lodge
  • Rodeway Inn
  • Holiday Rentals past Choice Hotels
Revenue United states of america$1.04 billion (2018)[3]

Net income

 US$114.nine one thousand thousand (2017)[4] : 37

Number of employees

 1,987 (global operations)[4] : 37
Website www.choicehotels.com

Choice Hotels International, Inc. is a hospitality franchisor based in Rockville, Maryland, United States. The visitor, which is one of the largest hotel chains in the world,[5] [6] owns several hotel brands ranging from upscale to economy. Every bit of June 30, 2020, Choice Hotels franchised 7,118 properties in 41 countries and territories worldwide, with approximately 597,018 rooms, in improver to 1,035 hotels under construction with 85,129 rooms.[1] [half-dozen]

History [edit]

Founding and early years [edit]

Quality Courts United, Inc., which began equally a nonprofit referral concatenation of seven motels in Florida,[7] was founded in 1939.[8] It would undergo several name changes before becoming what is known today as Selection Hotels International.[vii] The concatenation initially remained east of the Mississippi River.[nine]

By the early 1960s, Quality Courts United had approximately 600 members.[nine] All of its hotels needed to meet certain quality standards and offering amenities similar ac, telephones, swimming pools, paved driveways, and wall-to-wall carpeting.[9] In 1963, the organization became a for-turn a profit corporation and changed its name to Quality Courts Motels, Inc.[vii] [nine]

In 1957, Stewart W. Bainum Sr., who ran a Washington, D.C., plumbing business, opened his first hotel in Silver Jump, Maryland.[ten] He afterward franchised his start Quality Courts cabin in 1963.[11] In 1968, Bainum merged his business organisation, Park Consolidated Motels, Inc., with Quality Courts Motels, assumed the role of president and CEO,[eight] [11] and moved the visitor's headquarters from Daytona Embankment to Silver Bound, Maryland.[nine]

Lodging Magazine wrote that, by 1969, Quality Courts Motels was the world'south "largest association of independent motel operators".[7]

Growth and expansion [edit]

The Clarion Hotel in Hamden, Connecticut in 2007

A Comfort Suites in Laredo, Texas in 2008

The company changed its proper name to Quality Inns International in 1972 and, in 1990, the parent visitor became known equally Choice Hotels International.[9] [12]

In the 1980s, the company started the industry'southward offset marketplace partitioning strategy, using a range of hotel brands across cost points.[13] Geographically, it expanded across the state by opening hotels in the west.[9]

The Comfort make, which would later become Choice Hotels' flagship brand, was established in 1981. The brand was marketed to family vacationers, business travelers, and senior citizens[nine] to compete with Days Inn, All-time Western, and Friendship Inn.[13] The company'southward Quality Inn hotels remained in the midscale segment, competing with Holiday Inn, Ramada, Howard Johnson, and Travelodge.[xiii] The now-discontinued Quality Royale brand was positioned as Selection Hotels' upscale brand,[seven] designed to compete with Marriott, Hyatt, Hilton, and Sheraton; Quality Royale would eventually be rebranded as Clarion.[xiii] In the 1980s, Pick bought Friendship Inn, Rodeway Inn, and Econo Social club.[ix]

In 1989, the company introduced McSleep, an economy brand utilizing a consequent, interior-corridor design epitome designed by Rob Spurr that was all new construction. The proper name was before long changed to Sleep Inn following litigation from McDonald'due south.[9] [14]

Bainum's other business organisation, Manor Intendance, Inc., which endemic and managed nursing homes, bought Choice Hotels in 1990.[ix] The visitor later spun off its hotels concern in 1996.[15] Bainum Sr. led Option Hotels International until 1987, when his son, Stewart West. Bainum Jr., took over the role of chairman and main executive.[ten] As of 2018, Bainum Jr. remains chairman of Choice Hotels.[16]

Option Hotels International became publicly traded in 1996.[eight] That same yr, it announced the institution of the MainStay Suites brand, a midscale extended-stay hotel.[17]

In the mid-2000s, Pick Hotels expanded into the upscale hotel market.[xviii] [5] The company appear in 2005 the creation of its Cambria Hotels & Suites make, later renamed Cambria Hotels, the company's showtime new brand since MainStay Suites's creation in 1996.[eighteen] The Cambria make was created as an upscale hotel chain marketed to business concern travelers.[18] As of 2018[update], the Cambria brand had expanded to well-nigh 100 hotels open or in the pipeline, including hotels in Philadelphia,[nineteen] Dallas, New Orleans,[20] South Windsor, Connecticut and Savannah, Georgia.[5]

In 2008, Choice Hotels was the beginning industry chain to establish a "soft make", Ascend Hotel Drove.[21] [22] [23] The Ascend Hotel Collection includes upscale boutique and historic hotels whose owners are bailiwick to fewer fixed brand standards compared with Choice'due south other brands.[21]

Recent history [edit]

Cambria Chicago Magnificent Mile exterior

Choice Hotels began a transformation of its Comfort properties in 2012,[24] with the company removing its franchising from 600 properties that did not meet Option Hotels' new standards.[25] Selection Hotels rebranded Comfort in 2018, which brought its Comfort Inn, Comfort Inn & Suites, and Condolement Suites brands nether 1 umbrella.[25] Some of the Comfort properties that didn't run across Choice's standards for the make were rebranded under the Quality Inn make, equally Comfort and Quality swapped market place positions within Choice's hierarchy.

In Oct 2010, officials in Maryland and Montgomery County announced that Choice Hotels International would move its headquarters from Silver Leap,[26] [27] to a new 197,866 square feet (eighteen,382.4 10002) facility in Rockville Town Centre in Rockville. Groundbreaking occurred in August 2011,[28] and Choice Hotels completed the move into the new headquarters in June 2013.[29]

Rendering of Sleep Inn prototype exterior, November 2017

Throughout its history, Choice Hotels introduced new features into the hotel manufacture,[seven] including having all hotels include non-smoking rooms, 24-60 minutes-a-24-hour interval price-costless reservations, Internet-based property management systems, and the industry's starting time iPhone application.[vii] [thirty] The visitor's technological developments also led it to create a division called SkyTouch Engineering in 2013, which markets Choice Hotels' property management system to other hotel companies.[31] [32]

In 2014, Choice Hotels invested millions of dollars to brainstorm a multi-year procedure to develop the industry'southward first new global reservations system and distribution platform in 27 years.[32] [31] A deject-based system, choiceEDGE, launched in 2018.[32] The organisation can integrate with voice search and artificial intelligence.[32]

In 2018, Selection Hotels expanded the number of hotel brands it franchised by acquiring WoodSpring Suites, an extended-stay economy hotel brand.[33] [34] Adding WoodSpring's 240 hotels across the U.Southward. tripled the number of extended-stay hotels in the company's portfolio to effectually 350 backdrop.[33]

Equally of 2018[update], Choice Hotels-branded properties are located in more than 40 countries and territories,[6] including hotels in Europe,[35] Asia-Pacific,[36] the Center East,[37] and Scandinavia.[38] Choice Hotels entered into an agreement with Spanish hotel operator Sercotel in 2018 to increase Option's footprint in Spain and Latin America.[39]

Corporate affairs [edit]

Choice Hotels International is publicly traded on the New York Stock Exchange under the stock symbol CHH.[forty] It maintains a corporate headquarters in Rockville, Maryland,[20] and a technology campus in Phoenix, Arizona.[41] At twelvemonth-cease 2017, Pick Hotels employed one,987 people in its global corporate operations.[iv] : 37

Stewart Westward. Bainum Jr. is chairman of Pick Hotels' board of directors, a position he has held since 1987.[42] Pat Pacious became president and CEO in September 2017.[43] [44] Previously, he served as Choice Hotels' president and main operating officeholder.[45]

In 2017, Pick Hotels teamed up with the Reddish Cross and Boys and Girls Clubs of America in the aftermath of Hurricane Harvey and Hurricane Irma.[46]

Option Hotels scored 100 on the Human Rights Entrada Foundation'due south Corporate Equality Index in 2018.[47]

The visitor's sustainability efforts include Room to exist Greenish, which requires franchised properties to reduce their bear upon on the surround and lower operating costs with energy-efficient lighting and recycling, and giving guests the option of foregoing daily change of linens.[48] Choice Hotels also participates in Clean the World to recycle hotel lather.[49]

Partnerships [edit]

Choice Hotels formed an alliance with Bluegreen Vacations, an international timeshare company, in 2013. Pursuant to this organisation, many Bluegreen resorts are members of Choice Hotels' Arise Hotel Collection make.[fifty] [51]

Brands [edit]

Cambria Hotel New Orleans Warehouse District guestroom, November 2017

Quality Inn & Suites exterior, November 2017

Selection Hotels International is the parent company of a number of hotel brands split among diverse marketplace segments, in addition to a holiday rentals brand. As of June 30, 2020, Choice Hotels franchised 7,118 properties worldwide, with a total of 597,018 rooms, in addition to one,035 hotels under construction with 85,129 rooms.[ane] [4] : 11 [2]

Upscale

  • Arise Hotel Collection
  • Cambria Hotels

Midscale

  • Comfort (Economic system in Norway, Sweden and Lithuania)
  • Sleep Inn
  • Clarion Pointe
  • Blaring Hotels (upscale in Commonwealth of australia, Kingdom of norway, Kingdom of denmark, Sweden and Finland)
  • Quality Inn

Extended stay

  • MainStay Suites
  • Suburban Extended Stay Hotel
  • WoodSpring Suites

Economy

  • Econo Lodge
  • Rodeway Inn

Vacation rentals

  • Vacation Rentals by Choice Hotels

Rewards [edit]

Choice Hotels' rewards program is called Pick Privileges. In order to earn points through the program, one must book a reservation by either calling a cost-free number, going online, or using their mobile app. Points are updated the day after the user's stay.[52] To redeem points earned using the program, one must log in on Pick Hotels' website. Points can be redeemed for gift cards or airline mileage.[52] Through a partnership with digital asset manager Bakkt, Choice Privileges members can now catechumen their rewards points to cash and use that cash to buy Bitcoin, send to friends, or spend anywhere Apple Pay or Google Pay is accustomed.[53]

See also [edit]

  • Nordic Choice Hotels

References [edit]

  1. ^ a b c "Inline XBRL Viewer". www.sec.gov. Retrieved August twenty, 2020.
  2. ^ a b "Selection Hotels boss says hotels in a tech battle with Booking.com and Expedia". Australian Financial Review. March thirteen, 2018. Retrieved July ii, 2018.
  3. ^ "Choice Hotels revenue". www.craft.co.
  4. ^ a b c d "2017 Course x-K". Choice Hotels. Retrieved May 28, 2018.
  5. ^ a b c Grant, Peter (Feb twenty, 2018). "Choice Hotels Signs Bargain in Savannah". The Wall Street Journal . Retrieved May 28, 2018.
  6. ^ a b c Trejos, Nancy (July v, 2018). "The brands and rooms of Option Hotels, past the numbers". USA Today . Retrieved September 19, 2018.
  7. ^ a b c d e f thou Ellen Meyer (April x, 2018). "The origins and growth of franchising in the hotel industry". Lodging Magazine . Retrieved May 28, 2018.
  8. ^ a b c Male monarch, Danny (February 13, 2014). "Obituary: Option Hotels founder Stewart Bainum Sr". Travel Weekly . Retrieved May 28, 2018.
  9. ^ a b c d e f thousand h i j g Jakle, John A; Sculle, Keith A; Rogers, Jefferson Southward (2002). The Cabin in America. JHU Press. pp. 162–165. ISBN9780801869181 . Retrieved May 28, 2018.
  10. ^ a b Langer, Emily (Feb 19, 2014). "Stewart W. Bainum Sr., D.C. man of affairs, dies". The Washington Postal service . Retrieved May 28, 2018.
  11. ^ a b Ricca, Stephanie (October 4, 2010). "AH&LA: celebrates an era of achievement". Hotel & Motel Management . Retrieved May 28, 2018. Stewart Bainum, from plumbing contractor to international franchisor: Stewart Bainum franchised his commencement motel with Quality Courts Motels in 1963, and by 1968 he operated eight nursing homes, incorporating them as Estate Intendance, Inc., while grouping v motels, franchised with Quality Courts Motels, under the name Park Consolidated Motels, Inc. In that year, Bainum merged Park Consolidated with Quality Courts, condign president and principal financial officer of a visitor, which by then represented 410 franchised and 12 visitor-owned motels. Within two years, Quality Courts operated franchised motels in 33 states, and began its first international operations. In 1980 Bainum merged Manor Care and Quality, with Estate Care purchasing Quality for $37 one thousand thousand.
  12. ^ Faiola, Anthony (July 3, 1995). "Choice Hotels makes a broad turn". The Washington Mail . Retrieved July 2, 2018.
  13. ^ a b c d Knight, Jerry (May ix, 1981). "Quality Inns planning 3 classes of motels". The Washington Post . Retrieved May 28, 2018.
  14. ^ "'McSleep' Loses to Big Mc". The New York Times. September 19, 1988. Retrieved Baronial 10, 2013.
  15. ^ Salganik, M. William (March 4, 2000). "Manor Care gets 2 buyout offers". The Baltimore Sun . Retrieved March 10, 2017.
  16. ^ "Pick Hotels International". Reuters. Retrieved June 1, 2018.
  17. ^ Richards, Rhonda (January 26, 1996). "Midprice hotels becoming mainstay of travel". USA Today . Retrieved May 28, 2018.
  18. ^ a b c "Pick Hotels to launch 'lower-upscale' brand". The Washington Postal service. January 24, 2005. Retrieved May 28, 2018.
  19. ^ Hilario, Kenneth (Feb 22, 2018). "Philadelphia Cambria Hotel is now open on South Wide". Philadelphia Business Journal . Retrieved September 20, 2018.
  20. ^ a b Trejos, Nancy (February 16, 2018). "New hotels: Gleaming properties from Washington, D.C. to California". U.s. Today . Retrieved September xx, 2018.
  21. ^ a b Haberkorn, Jen (May 26, 2008). "Hotel franchiser rebrands collection". The Washington Times . Retrieved May 28, 2018.
  22. ^ Hughes, Kate (September 15, 2017). "Independently Minded: The Power of Soft Brands". Lodging Mag . Retrieved September 20, 2018.
  23. ^ Sickel, Julie (July seven, 2017). "The Rise of Hotel 'Collection' Brands". Business Travel News . Retrieved September 20, 2018.
  24. ^ Judy Maxwell (February 27, 2018). "Seeking Condolement In a Sea of Hotel Brands". Asian Hospitality . Retrieved September xx, 2018.
  25. ^ a b Jena Tesse Play a trick on (May 3, 2018). "Selection Hotels' Comfort brand gets new logo, Cambria gets new program". Hotel Management . Retrieved September 20, 2018.
  26. ^ "Pick Hotels International Headquarters Movement Marks A New Era". Choice Hotels International - Media Center . Retrieved April 24, 2018.
  27. ^ "Choice Hotels moving to Rockville". The Washington Post. October 26, 2010. Retrieved Oct 9, 2011.
  28. ^ "Construction starts on Choice Hotels headquarters in Rockville". Gazette.Net. August 31, 2011. Archived from the original on May 10, 2012. Retrieved October ix, 2011.
  29. ^ "Choice Hotels International Completes Movement Into New Rockville Headquarters" (Press release). Pick Hotels International. Retrieved April 24, 2018 – via PR Newswire.
  30. ^ Deanna Ting (July 13, 2017). "Choice Hotels appoints Pat Pacious as new CEO offset in 2018". Skift. Retrieved May 28, 2018.
  31. ^ a b Dorothy Creamer (March 29, 2018). "The intersection of applied science & hospitality". Hospitality Technology. Retrieved May 29, 2018.
  32. ^ a b c d Cooper, Rebecca (January 23, 2018). "Choice Hotels launches new reservations arrangement at long last". Washington Business organization Journal . Retrieved May 29, 2018.
  33. ^ a b Trejos, Nancy (December 20, 2017). "Choice Hotels buys extended stay make". U.s.a. Today . Retrieved May 29, 2018.
  34. ^ Mest, Elliott (May ten, 2018). "Choice revels in extended-stay success". Hotel Management . Retrieved July 2, 2018.
  35. ^ "Choice centers Europe growth on four known brands". Hotel News At present. October 16, 2017. Retrieved September 19, 2018.
  36. ^ Gabriella Warden (August 28, 2015). "Choice Hotels unveils new brand identity in Asia-Pacific". Travel Weekly . Retrieved September 19, 2018.
  37. ^ Clarke, Patrick (May 2, 2016). "Option Hotels Signs Chief Agreement to Enter Centre Due east". TravelPulse.
  38. ^ Björn Wallenberg (May 29, 2018). "A Norwegian hotel billionaire wants to use blockchain to cutting out booking sites similar Expedia". Business Insider Nordic. Archived from the original on November 29, 2018. Retrieved September 19, 2018.
  39. ^ "Choice Hotels chain announces partnership with Castilian Sercotel". Forbes Mexico. April 11, 2018. Retrieved May 29, 2018.
  40. ^ "Choice Hotels International". The Wall Street Journal. Retrieved June 1, 2018.
  41. ^ O'Connell, Jonathan (March 31, 2013). "Capital letter Business". The Washington Post . Retrieved May 29, 2018.
  42. ^ Abramowitz, Michael (March 6, 1987). "Bainum takes begetter'southward mail service at Manor Care". The Washington Postal service . Retrieved March 10, 2017.
  43. ^ Jena Tesse Pull a fast one on (August 10, 2017). "Pat Pacious to step up as Option Hotels International CEO in September". Hotel Direction. Retrieved May 29, 2018.
  44. ^ Nycz-Conner, Jennifer (March 22, 2018). "Choice Hotels CEO Pat Pacious: WoodSpring, Cambria efforts paying off". Washington Business organisation Journal . Retrieved May 29, 2018.
  45. ^ Cooper, Rebecca (August 10, 2017). "Selection's new CEO will accept helm early on every bit Joyce exits". Washington Business Journal . Retrieved July 3, 2018.
  46. ^ Trejos, Nancy (September 22, 2017). "Hotels respond to series of hurricanes". United states Today . Retrieved September 19, 2018.
  47. ^ David Eisen (November 13, 2017). "12 hotels, hotel companies score perfect ratings in commitment to LGBTQ customs". Hotel Management. Retrieved May 29, 2018.
  48. ^ Kerry Medina (March eight, 2017). "U.Due south. hotels continue to make strides in energy efficiency". Hotel Management. Retrieved May 29, 2018.
  49. ^ Silverish, Kate (November 30, 2017). "Bank check in, help out: Socially witting hotels requite dorsum to the community". The Washington Post . Retrieved May 29, 2018.
  50. ^ "Choice Hotels-Bluegreen Join Forces". Zacks.com. Retrieved May 24, 2017.
  51. ^ Dennis Schaal (January 23, 2013). "Choice Hotels is no longer merely a hotel visitor as it gets into timeshares". Skift . Retrieved September xix, 2018.
  52. ^ a b "Pick Privileges FAQ". Choice Hotels.
  53. ^ Insider, Bitcoin (September 29, 2021). "Pick Hotels Expands Rewards Program With Bakkt Partnership". Bitcoin Insider . Retrieved November 28, 2021.

External links [edit]

  • Official website Edit this at Wikidata

picotaccen1995.blogspot.com

Source: https://en.wikipedia.org/wiki/Choice_Hotels_International

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