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NYSE · Consumer Discretionary

CHOICE HOTELS INTL INC CHH

Choice Hotels International (CHH) is the world's leading hotel franchisor. It authorizes multiple brands to operate through a light asset model, covering the economy to mid-to-high-end markets. The company mainly generates revenue through franchise fees, and investment analysis can focus on the market penetration of its brand matrix, the pace of expansion of the franchise network, and the cyclicality of the tourism accommodation industry.

Sources Company annual reports / financials annualreports.com
Hotels/Resorts

Company profile

Business mix

  • With hotel franchising as its core business, it does not directly own hotel properties, but authorizes owners to use its brands and operating systems through franchise agreements.
  • It has a brand portfolio covering multiple market segments, including the economical Econo Lodge and Rodeway Inn, the mid-range Comfort Inn and Quality Inn, and the mid-to-high-end Cambria Suites and Ascend Collection.
  • Revenue mainly comes from franchise fees, including initial franchise fees, ongoing royalties, and fees for services such as reservation systems.

Current key questions

  • The asset-light model is highly dependent on the operating conditions of franchisees. If the franchise hotel occupancy rate or RevPAR declines, it will directly affect the company's revenue.
  • Competition in the hotel industry is fierce, and challenges from other franchisees and OTA platforms may compress profit margins.
Holders 1 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 14.79 FCF 2.02% Buyback 2.4%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Baron Capital Ron Baron 2.4% $796.0M 2026-03-31

Recent trading changes over the last 1 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 1 Last 1 13F filing periods
Net reducers 1 Last 1 13F filing periods
Unchanged holders 1 Share count unchanged
Increase amount $31.5M Estimated from net added shares
Reduction amount $93.1M Estimated from net reduced shares
Net share change / base shares -5.2% -429,973 / 8,235,967
Baron Capital Ron Baron 1 filing periods
13F 2026-03-31 Filed 2026-05-15
Minor increase Shares 4.1% 13F value change +$92.3M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 7,386,575 Last 1 periods +303,919 (+4.1%) Total shares 7,690,494 Value $796.0M
Fundsmith Terry Smith 1 filing periods
13F 2025-09-30 Filed 2025-11-14
Sold out Shares -100.0% 13F value change -$93.1M
Settlement As of 13F 2025-09-30 · Filed 2025-11-14
Base shares 733,892 Last 1 periods -733,892 (-100.0%) Total shares 0 Value $0
Markel Group Tom Gayner 1 filing periods
13F 2025-09-30 Filed 2025-10-31
Unchanged Shares 0.0% 13F value change $0
Settlement As of 13F 2025-09-30 · Filed 2025-10-31
Base shares 115,500 Last 1 periods +0 (0.0%) Total shares 115,500 Value $12.3M

Recent mentions

No public mentions.