Choice Hotels: Favorable Developments

The Value Pendulum
Investing Group Leader

Summary

  • CHH has abandoned plans to buy its peer Wyndham Hotels, which means that it has the potential to allocate more capital to other areas.
  • Choice Hotels recently disclosed the expansion of its share buyback plan and the opening of a new midscale extended stay hotel in Georgia.
  • The stock continues to be rated as a Buy, taking into account its recent developments, which I view as favorable.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

Receptionist talking customers at hotel lobby

FG Trade Latin/E+ via Getty Images

Elevator Pitch

Choice Hotels International, Inc. (NYSE:CHH) shares are assigned a Buy investment rating. Earlier, I wrote about CHH's 2024 financial outlook in my previous update published on October 10, 2023.

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This article was written by

The Value Pendulum
12.78K Followers

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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