Choice Hotels International Reports A 7% Increase In Second Quarter Domestic RevPAR

Published on : Thursday, July 30, 2015

Choice HotelsChoice Hotels International, Inc  today reported the following highlights for the second quarter 2015:



“We are pleased with our second quarter operating results that were highlighted by strong domestic RevPAR performance and franchise sales results,” said Stephen P. Joyce, president and chief executive officer, Choice Hotels. “Once again our RevPAR performance continued to outpace the gains reported by Smith Travel Research in the chain scale segments in which we compete and as reflected in our franchise sales results our programs to accelerate the growth of the Cambria hotels and suites and Comfort brands have been well received by developers and franchisees. We continue to be optimistic that these programs will drive the continued improvement and expansion of these brands.”


Discontinued Operations

During 2014, the company entered into and completed a plan to sell its three owned hotels operated under the MainStay Suites brand. The company determined that the sale of these hotels met the definition of a discontinued operation since the operations and cash flows of these components have been eliminated from the on-going operations of the company and the company does not have significant continuing involvement in the operations of the hotels after the transaction. As a result, the company’s consolidated statement of income for the three and six months ended June 30, 2014, reflects these three company-owned hotels as discontinued operations.


Summarized financial information related to these discontinued operations is presented in Exhibit 9 of this press release.



The company’s consolidated 2015 outlook reflects the following assumptions:






Consolidated Outlook

The company’s third quarter 2015 diluted EPS is expected to be $0.72. The company expects full-year 2015 diluted EPS to range between $2.18 and $2.22 and full year 2015 EBITDA to range between $237 million and $241 million.


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