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Choice Hotels Announces Departure of Joe Squeri Silver Spring, Md. (January 30, 2007)- Choice Hotels International (NYSE: CHH) today announced that Joseph M. Squeri, president and chief operating officer, is leaving the company and will pursue other professional opportunities. holiday wales
Since joining the company in 1997 as vice president, finance and controller, Mr. Squeri has served in a number of positions of increasing scope and responsibility, including treasurer, chief financial officer, and executive vice president of operations. cottage holiday in wales
Joe made important contributions to the company during his tenure, said Charles A. Ledsinger, Jr., vice chairman and CEO. I will miss working with him on a day-to-day basis, but I respect and support his desire to pursue other business interests at this point in his career. caravan holiday in wales
Choice has a high-caliber leadership team and incredible bench strength and depth in terms of management talent, said Ledsinger, who noted that Squeri s responsibilities will be allocated among the executive leadership team. In addition, our exceptional financial strength, sound business strategies, and brand-centric structure further enhance our ability to leverage our core strengths and take advantage of opportunities for continued growth, innovation and leadership in the lodging industry. camping holiday wales
Additional corporate information may be found on Choice Hotels Internet site, which may be accessed at choicehotels.com. Media Contact: Anne Madison Choice Hotels International Vice President, Corporate Communications Tel: (301) 592-6723 anne_madison@choicehotels.com David Peikin Senior Director, Corporate Communications Tel: (301) 592-6361 david_peikin@choicehotels.com accommodation holiday wales
Choice Hotels, Choice Hotels International, Cambria Suites, Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn are proprietary trademarks and service marks of Choice Hotels International. holiday last minute wales
Choice Hotels International today announced that Michael DeSantis, senior vice president and senior strategic advisor, is leaving the company and will pursue other professional opportunities.Mr. DeSantis joined the company in 1996, and served as senior vice president, general counsel and secretary from 1997 to 2006. In 2006, he was named to his current position, primarily focusing his attention on the company s corporate and real estate development group in support of the upscale and extended stay brands division. catering holiday self wales
I d like to thank Michael for his contributions to Choice and wish him well in his future endeavors, said Charles A. Ledsinger, Jr., vice chairman and CEO. Over the past decade, in addition to being Choice s senior legal officer, Michael contributed to many of the key business initiatives driving the company s performance, including most recently the launch and growth of Cambria Suites, added Ledsinger. holiday wales walking
DeSantis responsibilities will be assumed by other Choice executives. Choice Hotels is optimally positioned financially, strategically, and organizationally to maintain its position of industry strength and achieve our growth targets for 2007 and beyond, said Ledsinger. family holiday wales
Choice Hotels Reports Full Year 2006 Diluted Eps of $1.68, Adjusted Diluted Eps of $1.49 up 18% Choice Hotels International, Inc., (NYSE:CHH) today reported the following highlights for the fourth quarter and full-year 2006 Choice Hotels International, Charles A Ledsinger, Cambria Suites, Suburban Extended Stay Hotel, Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites Reservation Services Special Guest Programs Photo Archive Contact Us previous| index | next holiday riding wales
Choice Hotels Reports Full Year 2006 Diluted Eps of $1.68, Adjusted Diluted Eps of $1.49 up 18% New Domestic Hotel Franchise Contracts up 13% to a Record 720 for Full-Year 2006; 30 Contracts Executed for New Cambria Suites Brand in 2006Diluted earnings per share ( EPS ) for full-year 2006 were $1.68, up 27% compared to $1.32 for full-year 2005. Diluted EPS for fourth quarter 2006 were $0.37, a 16% increase compared to $0.32 for the same period in 2005. adventure holiday wales
Adjusted diluted EPS for full-year 2006 were $1.49, an 18% increase compared to $1.26 for full-year 2005. Adjusted diluted EPS for fourth quarter 2006 were $0.36, up 13% compared to $0.32 reported in the same period of the prior year. holiday park south wales
Operating income increased 16% to $166.6 million for full-year 2006, as compared to $143.8 reported in the same period of the prior year. Operating income for fourth quarter 2006 increased 10% to $39.9 million compared to $36.2 million reported for the same period in 2005. cottage holiday wales
Earnings before interest, taxes, depreciation and amortization ( EBITDA ) for full-year 2006 increased 15% to $176 million from $153 million in 2005. EBITDA for fourth quarter 2006 was $42.3 million, an increase of 10% compared to $38.5 million reported for the same period in 2005. holiday in wales
Franchising revenues and total revenues increased 14% for full-year 2006. Franchising revenues increased 10% and total revenues increased 18% for fourth quarter 2006 compared to the same period of the prior year. holiday wales
New domestic hotel franchise contracts for full-year 2006 increased 13% to a record 720. Fourth quarter new domestic hotel franchise contracts increased 21% to 267 compared to fourth quarter 2005. cottage holiday in wales
Domestic unit growth increased 4 percent for 2006. caravan holiday in wales
Domestic system-wide revenue per available room (RevPAR) increased 6.1% for full-year 2006 and 3.7% for the fourth quarter. Domestic RevPAR for the company s midscale without food and beverage brands increased approximately 9% for 2006 and approximately 6% for the fourth quarter of 2006. camping holiday wales
The domestic hotel pipeline of hotels under construction, awaiting conversion or approved for development increased more than 43% to 860 hotels representing 66, 238 rooms; the worldwide pipeline increased 35% to 930 hotels representing 72, 555 rooms. accommodation holiday wales
Thirty domestic hotel contracts executed for the new upscale Cambria Suites brand during 2006, with 43 executed since the brand was introduced in 2005. holiday last minute wales
2006 was another strong year for Choice Hotels, as we saw significant growth in domestic franchise contracts for both new construction and conversion hotels, said Charles A. Ledsinger, Jr., vice chairman and chief executive officer. We are very pleased with Cambria Suites progress and the momentum we are seeing for the brand among hotel developers. For 2007 and beyond, our solid operating model, prudent management of our strong portfolio of ten brands, and continued focus on both new construction and conversion markets positions Choice for continued long-term growth. catering holiday self wales
Outlook for 2007The company s first quarter 2007 diluted EPS is expected to be $0.23. The company expects full year 2007 diluted EPS of $1.59. Earnings before interest, taxes, depreciation and amortization ( EBITDA ) for full-year 2007 is expected to be approximately $186 million. These estimates include the following assumptions. holiday wales walking
The company expects net domestic unit growth of approximately 4% in 2007; family holiday wales
RevPAR is expected to increase 2% for first quarter 2007 and 4% for full-year 2007; holiday riding wales
The effective royalty rate is expected to increase 3 basis points for full-year 2007; adventure holiday wales
All figures assume the existing share count and assume an effective tax rate of 36.25%; holiday park south wales
All figures assume approximately $3.6 million ($0.03 diluted EPS) in first-quarter 2007 and $4.5 million ($0.04 diluted EPS) for full-year 2007, respectively, of severance costs related to the previously announced termination of certain executive officers. cottage holiday wales
Net income and diluted earnings per share for the three and twelve months ended December 31, 2006 include a reduction of income tax expense related to reversal of provisions for certain income tax contingencies of approximately $0.2 million and $12.8 million, respectively. Net income and diluted earnings per share for the twelve months ended December 31, 2006 also include a loss of approximately $0.3 million ($0.2 million, net of the related tax effect) related to the extinguishment of debt. Those items represent diluted EPS of $0.01 and $0.19, net, for the three and twelve months ended December 31, 2006, respectively. Adjusted diluted EPS and adjusted net income for the three and twelve months ended December 31, 2006 exclude these items. holiday in wales
Net income and diluted earnings per share for the twelve months ended December 31, 2005 include additional income tax expense of approximately $1.2 million related to the Company s plan to repatriate approximately $23.5 million of foreign earnings pursuant to the American Jobs Creation Act. Net income and diluted earnings per share for the three and twelve months ended December 31, 2005 include a reduction of income tax expense related to the reversal of provisions for certain income tax contingencies of approximately $0.5 million and $4.9 million, respectively. Those items represent diluted EPS of less than $0.01, net, for the three months and $0.06, net, for the twelve months ended December 31, 2006. Adjusted diluted EPS and adjusted net income for the three and twelve months ended December 31, 2005 exclude these items. holiday wales
Use of Free Cash FlowThe company has consistently used its free cash flow (cash flow from operations less capital expenditures) generated from its operations to return value to shareholders. This is primarily achieved through share repurchases and dividends. For the twelve months ended December 31, 2006, the company paid $35.4 million of cash dividends to shareholders. The annual dividend rate per common share was increased 15% by the Board of Directors in September 2006 and is now $0.60. cottage holiday in wales
The company has authorization to purchase up to an additional 5.1 million shares under the share repurchase program. Repurchases will continue to be made in the open market and through privately negotiated transactions subject to market and other conditions. No minimum number of shares has been fixed. Since Choice announced its stock repurchase program on June 25, 1998, the company has repurchased 33.6 million shares of its common stock for a total cost of $711.9 million through February 13, 2007. Considering the effect of a two-for-one stock split in October 2005, the company has repurchased 66.6 million shares at an average price of $10.69 per share. caravan holiday in wales
Tel: (478) 296-1223 Fax: (478) 296-1310 camping holiday wales
Econo Lodge Opens In Dublin, Ga. Dublin, Ga. (July 18, 2002)- A 50-unit Econo Lodge recently opened here at 2184 Highway 441 (off I-16 at Exit 51 of Highway 441). The hotel, which formerly operated as the Deluxe Inn, underwent a $100, 000 renovation of its interior and exterior. The two-floor Econo Lodge features 50 units including four suites with one king size or two queen size beds, remote-control cable television with HBO, telephone with data port, hair dryer and clock radio. Senior rooms feature brighter lighting, large button telephones and television remote controls, lever handles on doors and faucets, alarm clocks with large, easy-to-read numbers, coffee makers and grab bars in the bathrooms. accommodation holiday wales
Suites feature two separate rooms with a king size bed or two queen size beds, sofa bed, refrigerator, microwave, coffee maker, two 25-inch televisions, wet bar, iron and ironing board and hair dryer. Handicapped and non-smoking rooms are available. holiday last minute wales
The hotel features exterior corridors and lighted parking for cars, buses and trucks. The hotel offers complimentary continental breakfast consisting of pastry, coffee, tea and milk in addition to free local telephone calls. catering holiday self wales
Children, ages 18 and under, stay for free when accompanied by an adult. Discounts are available when booked in advance for seniors, AAA members, business travelers, government and military personnel and groups. holiday wales walking
The Econo Lodge in Dublin is located near Cracker Barrel, Denny s, Krystal and Ruby Tuesday s restaurants. The hotel is half way between Savannah and Atlanta. The Econo Lodge in Dublin is owned and operated by Mardhave, Inc. The Econo Lodge hotel brand is franchised by Choice Hotels International (NYSE: CHH), one of the world s largest lodging franchisors. There currently are 723 Econo Lodge hotels open and 72 under development worldwide. family holiday wales
Econo Lodge hotels participate in EA$Y CHOICE, a frequent traveler promotion that offers guests free lodging or frequent flier miles from participating airlines. The Econo Lodge brand was the first in the industry to certify housekeepers. Under an initiative cosponsored with Procter Gamble and its Mr. Clean brand, Econo Lodge housekeepers participate in a training program that leads to certification by the Mr. Clean brand. holiday riding wales
Econo Lodge Hotel Of Tacoma OpensTel: (253) 535-3100 Fax: (253) 537-6497 adventure holiday wales
Econo Lodge Hotel Of Tacoma Opens Tacoma, Wash. (July 18, 2002)- The Econo Lodge Hotel here at 8702 South Hosmer Street is now open. Formerly known as the Tacoma Express Inn, the hotel underwent several renovations to convert to an Econo Lodge hotel. Renovations included new carpet, paint, wall coverings, lighting, furniture and in-room amenities including microwaves and refrigerators. holiday park south wales
The two-story hotel, owned and operated by Rupinder Johal and Hardev Johal of Tacoma, Wash. features 142 rooms. Room amenities include remote-control cable television and computer data ports. Some rooms also feature a refrigerator, microwave, coffee maker, desk and hairdryer. cottage holiday wales
The Econo Lodge hotel also features rooms specifically designed for seniors with brighter lighting; large-button telephones and television remote controls; lever handles on doors and faucets; alarm clocks with large, easy-to-read numbers; in-room brochures with large print; coffee makers; and grab bars in the bath and either shower massages or hand-held shower heads. holiday in wales
Hotel features include an outdoor pool and guest laundry services. The Econo Lodge hotel is centrally located to many attractions and businesses including the Tacoma Art Museum, Tacoma Dome, Point Defiances Zoo and the University of Puget Sound. Rates begin at $69 and include a complimentary continental breakfast. Discounts are available for seniors, American Automobile Association members, government and military personnel, business travelers and groups. holiday wales
The Econo Lodge hotel is franchised by Choice Hotels International (NYSE: CHH). There currently are 723 Econo Lodge hotels open and 72 under development worldwide. For reservations at any Econo Lodge hotel worldwide, contact the Econo Lodge toll-free reservation service at (800)-4CHOICE or visit www.econolodge.com on the Internet. Rooms at the Econo Lodge hotel also can be booked by contacting the hotel directly at (253) 535-3100. cottage holiday in wales
Choice Hotels Foundation Donates $5, 000 To Salvation Army To Aid Arizona Fire Victims Silver Spring, Md. (July 23, 2002) --The Choice Hotels International Foundation has donated $5, 000 to the Salvation Army to assist victims of the Rodeo-Chediski fire that raged in the Show-Low area of Arizona. caravan holiday in wales
The Rodeo-Chediski, the worse wildfire in the history of Arizona, took over three weeks to contain. The fire charred over 469, 000 acres on Arizona s Mogollon Rim, destroyed almost 500 structures from Heber to Pinetop/Lakeside and forced more than 30, 000 people to evacuate their homes. camping holiday wales
In addition to the $5, 000 donation from the Choice Hotels International Foundation, many Choice brand hotels in the region rallied to the aid of the victims with money and supplies. For example, the Comfort Inn and Econo Lodge in Holbrook and seven Choice brand hotels in Flagstaff offered discounted rates and voided their pet policies to accommodate evacuees. accommodation holiday wales
We were overwhelmed with evacuees, Red Cross volunteers and insurance adjusters, said Harry Singh, general manager of both the Holbrook Comfort Inn and Econo Lodge, located only 50 miles north of Show-Low. Over a dozen guests had completely lost their homes to the fire. Every room was occupied with children, adults and pets. holiday last minute wales
To accommodate guests staying at his Comfort Inn and Econo Lodge, Singh negotiated a deal with the manager of Jerry s Restaurant, an on-site eatery, which also offered discounts to evacuees. The following Choice brand hotels were among those offering in-kind contributions to evacuees: catering holiday self wales
The Sleep Inn in Flagstaff, Arizona donated 15 mattress sets to the Red Cross; holiday wales walking
The Comfort Inn in Camp Verde, Arizona donated soap and shampoo; family holiday wales
The Comfort Inn at 2355 S. Beulah Blvd. in Flagstaff donated six cases of soap; and holiday riding wales
The Econo Lodge at 2480 E. Lucky Lane in Flagstaff donated bags of personal hygiene items. adventure holiday wales
Based in Silver Spring, Md., Choice Hotels International, Inc. (NYSE:CHH) franchises more than 5, 000 hotels open or under development worldwide in 46 countries under the Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, MainStay Suites, Econo Lodge and Rodeway Inn brand names. holiday park south wales
Amusement Packages Silver Spring, Md. (July 26, 2002)- Guests looking for some amusement this summer will enjoy these affordable packages at Comfort, Clarion, Quality and Econo Lodge brand hotels. Choice Hotels International, the world s second-largest lodging franchisor, franchises more than 5, 000 hotels under the Comfort, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn and MainStay Suites brands in 43 countries. To book these packages call our toll free number 1-800-4-CHOICE. For more information on Choice, visit the company s Internet site at www.choicehotels.com. cottage holiday wales
Clarion Hotel Universal 7299 Universal Boulevard Orlando, FL 32819One-day pass to Universal Studios holiday in wales
Complimentary welcome drink holiday wales
On-site restaurant, outdoor pool and whirlpool and tennis court cottage holiday in wales
Located 1/2 mile from Universal Studios, 3 miles from Sea World, 10 miles from Disney World and 8 miles from downtown Orlando caravan holiday in wales
Two adult tickets for Sea World camping holiday wales
Complimentary continental breakfast accommodation holiday wales
Complimentary parking for one night holiday last minute wales
On-site restaurant and exercise room catering holiday self wales
Located 1/2 mile from downtown San Diego, 3 miles from Sea World and 3 miles from San Diego International Airport holiday wales walking
Two night stay family holiday wales
Two two-day tickets to Six Flags Great Adventure Amusement Park holiday riding wales
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One adult pass or two child passes to Henry Doorly Zoo holiday in wales
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Suites with whirlpool, microwave and refrigerator available cottage holiday in wales
Hotel features include an outdoor pool; a meeting room that can accommodate up to 55 people; and valet cleaning services. Guests of the Comfort Suites hotel receive a deluxe continental breakfast consisting of hot and cold cereals, pastries, breads, fruit, juice and coffee, tea and milk. Guests also receive a free USA TODAY newspaper, free local and toll-free telephone calls and 100 percent guest satisfaction guarantee. caravan holiday in wales
Current room rates start at $79. Children, ages 18 and under, stay free when accompanied by an adult. Discounts are available when booked in advance for seniors, AAA members, government and military personnel, business travelers and groups. The Comfort Suites hotel is conveniently located near the Brunswick Beaches (3 miles), antique shops and restaurants. Ferries for Fort Fisher Aquarium and Bald Head Island are 5 miles away. Orton Plantation is 10 miles from the hotel. Golf courses are 5 to 10 miles away. camping holiday wales
Seaman, Ohio (Aug. 1, 2002) -A new 34-unit Comfort Inn hotel, located at 55 Stern Drive near the intersection of Hwy. 32 and 247, celebrated its grand opening on Wednesday, July 31. The Comfort Inn, formerly operated as a Rodeway Inn, recently underwent a $175, 000 renovation, which included installing a new outdoor swimming pool and upgrading each guest room with a microwave, refrigerator, coffee maker and new wallpaper. accommodation holiday wales
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