Choice Hotels expands Everhome Suites across the U.S. with largest transaction in brand history

Building on its extended stay growth strategy, Choice Hotels International, Inc. (NYSE: CHH), signed an agreement on July 29, 2022 with Colorado-based real estate investment firm ServiceStar Capital Management, one of the nation’s largest extended stay developers, to develop 21 new Everhome Suites hotels. This transaction represents Choice’s largest investment in the brand, outlining significant expansion across the United States with future Everhome suites planned in Colorado, Arizona, Utah, Nevada and Florida over the next few years. years.

“Everhome Suites combines decades of Choice Hotels’ midrange hotel expertise with our proven extended-stay operating model, and this commitment from ServiceStar, one of the most experienced extended-stay investors, confirms opportunity that savvy developers see in this segment. It’s no secret that the extended stay segment has delivered incredible resilience and high returns in any environment,” said Patrick Pacious, President and CEO of Choice Hotels.”Everhome is poised for major growth, with the first hotel set to open this month and more than 30 more already in development. Key to the brand’s continued success is our ongoing collaboration with growth-oriented investors/developers like ServiceStar, whose commitment fuels our shared goal of delivering new hotels in the right markets that meet the needs of longer-staying guests. .”

Choice’s new brand, Everhome Suites, is a new build, mid-range extended-stay offering featuring accommodations specifically designed for the way guests live and work during long-term stays.

“Choice Hotels is a leader in extended stays and our new collaboration underscores our shared focus on profitability, which is key to our mutual success. We strongly believe in their ability to bring another highly successful brand to the segment guest market. mid-range extended stays will love, while offering franchisees its industry-leading return on investment potential – which is precisely why we and our development partners are excited to grow our relationship with them,” said Mark DeRose, director and co-founder of ServiceStar Capital Management.

In addition to investing in Everhome Suites, ServiceStar Capital Management and its development partners are developing more than 50 Wood Spring Suites hotels across the country, building on their existing portfolio of open and under-development WoodSpring properties in Colorado, Arizona, Utah, Nevada, Montana and Pennsylvania. They will also be developing WoodSpring Suites in Atlanta, GA and throughout Florida.

For more information on Everhome Suites development opportunities, please visit choicehotelsdevelopment.com/everhome-suites.

About Choice Hotels®

Choice Hotels International, Inc. (NYSE: CHH) is one of the largest accommodation franchisors in the world. With nearly 7,000 hotels, representing nearly 600,000 rooms, in 35 countries and territories as of March 31, 2022, Choice® The family of hotel brands offers business and leisure travelers a range of high-quality accommodation options from limited-service to full-service hotels in the upscale, midscale, extended-stay and economic. Award-Winning Choice Privileges® loyalty program offers its members benefits ranging from daily rewards to exceptional experiences. For more information, visit www.choicehotels.com.

© 2022 Choice Hotels International, Inc. All rights reserved.

SOURCE Choice Hotels International, Inc.

Forward-looking statement

This communication includes “forward-looking statements” about future events, including planned hotel openings. These statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and other “Risk factors” described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, each of which may cause actual results to differ materially from our expectations.

Addendum

This is not an offering. No offer or sale of a franchise will be made except by a franchise disclosure document filed and registered with the appropriate state authorities. A copy of the Franchise Disclosure Document may be obtained by contacting Choice Hotels International at 1 Choice Hotels Circle, Suite 400, Rockville, MD 20850, [email protected].

© 2022 Choice Hotels International, Inc. All rights reserved

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