Choice Hotels

Finout Raises $26 Million Series B, Leading FinOps Forward With Its Complete Platform

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木曜日, 5月 23, 2024

Technology, Finance, Venture Capital, Consulting, Fintech, Professional Services, Software, Data Management, Artificial Intelligence, Cloud, Wiz, Gartner, Senior, Lyft, The New York Times, Choice Hotels, ROI, Multimedia, Cryptocurrency

Finout’s complete FinOps platform is now used by leading global brands, including Lyft, the New York Times, Choice Hotels, Wiz, Tenable, and Appsflyer, to optimize cloud expenditure and allocate costs across all cloud providers and services.

Key Points:

Finout’s complete FinOps platform is now used by leading global brands, including Lyft, the New York Times, Choice Hotels, Wiz, Tenable, and Appsflyer, to optimize cloud expenditure and allocate costs across all cloud providers and services.
The funding brings the total raised by Finout to $45 million.
Finout’s comprehensive FinOps platform addresses these issues by providing complete visibility and streamlining cost management and allocation, helping businesses optimize their cloud resources and enhance ROI.
"Large enterprises are increasingly turning to our platform to address their FinOps challenges," said Roi Ravhon, co-founder and CEO of Finout.

Oracle Hospitality Hotel Merchandising Solution to be Offered to Choice Hotels International's Portfolio of Upscale Hotels

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火曜日, 5月 14, 2024

Cloud, Probability, API, Food, SVP, Sale, AI, Oracle, Choice Hotels, Software, Hotel

AUSTIN, Texas, May 14, 2024 /PRNewswire/ -- Oracle Hospitality today announced that it has signed an agreement with Choice Hotels International, one of the largest lodging franchisors in the world, to extend its AI-powered merchandising solution Oracle Nor1, to its portfolio of upscale hotels to help them capitalize on incremental revenue opportunities. With applied AI built into to the system, each hotel can present targeted offers via its mobile app or digital marketing channels with relevant and targeted options to have the highest probability of conversion. This includes offers at every stage of the guest's journey, from initiating a room upgrade at the time of booking to upselling daily breakfast during their stay, to offering late check-out.

Key Points:

"Our mission to deliver the intelligent, intuitive technologies that customers need to operate and build lasting loyalty aligns with the commitment Choice Hotels has made to its franchisees and owners," said Alex Alt, executive vice president and general manager of Oracle Hospitality and Retail.
"With the AI-driven insights in Nor1, their hotels can give guests the power to customize the stay they want, while helping each property increase incremental revenue and profitability."
Integrated with digital marketing channels, fully automated offers can be presented across the entire pre-arrival phase of the guest journey.
Oracle Hospitality brings more than 45 years of experience in providing technology solutions to independent hoteliers, global and regional chains, gaming, and cruise lines.

Everhome Suites Debuts First Hotel Reflecting Brand Standard Prototype in Nampa, Idaho to Meet Growing Demand in Market

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月曜日, 5月 13, 2024

Partnership, Population growth, Ford Idaho Center, HomeBase, Growth, Ford, Choice Hotels, CHH, Meal, Tourism

NORTH BETHESDA, Md., May 13, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH) announced the opening of Everhome Suites in Nampa, Idaho, marking the midscale extended stay brand's third opening, with more than 10 open hotels forecasted within the next year. The Nampa hotel exemplifies the brand's Closer to Home design package, incorporating local community touches into signature spaces. The property is anticipated to meet hotel demand resulting from the booming commercial development and population growth in the Boise area.

Key Points:

The Nampa hotel exemplifies the brand's Closer to Home design package, incorporating local community touches into signature spaces.
The property is anticipated to meet hotel demand resulting from the booming commercial development and population growth in the Boise area.
Everhome Suites Nampa is situated at 16183 Idaho Center Blvd., just 20 minutes outside of Boise, blocks away from Amazon's recently opened fulfillment center and the Ford Idaho Center.
Hotel demand in the market is expected to come from a mixture of healthcare, leisure, and advanced manufacturing.

Choice Hotels International Concludes 68th Annual Convention, One of its Largest Ever

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木曜日, 5月 9, 2024

Extended Stay America, Mentorship, Choice Hotels, Travel, Quality Inn, RIU Hotels, Econo Lodge, Sleep, CHH, SOAR, Comfort, Web Cartoonists' Choice Awards, Hotel

NORTH BETHESDA, Md., May 9, 2024 /PRNewswire/ -- Last week, Choice Hotels International (NYSE: CHH) concluded its 68th Annual Convention in Las Vegas, NV, one of the largest to date. Over the course of three days, Choice provided owners and operators with a roadmap on how together they will capitalize on their competitive position to capture the growing demand for travel. Choice announced the relaunch of Park Inn by Radisson and its strategic repositioning into the premium value space. The company also reintroduced the SOAR program and reaffirmed its over twenty-year commitment to create hotel ownership opportunities for underrepresented entrepreneurs.

Key Points:

Choice announced the relaunch of Park Inn by Radisson and its strategic repositioning into the premium value space.
"This year's convention was about celebrating the new level of success that Choice and its franchisees have achieved together," said Choice Hotels President and CEO Patrick Pacious.
During the event, Choice awarded and celebrated the top-performing hotels through Choice's Premier Awards and the Best of Choice Awards, the company's most coveted accolades.
Today, he has 15 Choice hotels under the Comfort, Country, Sleep Inn, Quality Inn, and MainStay Suites brands.

From Acquisition to Reposition: Choice Hotels Relaunches Park Inn by Radisson to Capitalize on Untapped Market within Portfolio of Hotels

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木曜日, 5月 2, 2024

Choice Hotels, OTA, Acquisition, CHH, Hotel

NORTH BETHESDA, Md., May 2, 2024 /PRNewswire/ -- During its 68th Annual Convention in Las Vegas, Nevada, Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, announced the relaunch of Park Inn by Radisson. As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space. Park Inn by Radisson will deliver on an unmet need tailored to the growing demographic of younger, value-conscious travelers.

Key Points:

As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space.
Park Inn by Radisson will deliver on an unmet need tailored to the growing demographic of younger, value-conscious travelers.
Members can also earn points through two co-brand credit cards – the Choice Privileges Select Mastercard and Choice Privileges Mastercard.
For more information about Park Inn by Radisson, as well as Choice Hotels development opportunities, visit www.choicehotelsdevelopment.com/park-inn/ .

Choice Hotels International Takes it to the "Next Level" at 68th Annual Convention

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水曜日, 5月 1, 2024

CHH, Choice Hotels, Trackhouse Racing Team, Growth, Travel

NORTH BETHESDA, Md., May 1, 2024 /PRNewswire/ -- Choice Hotels International (NYSE: CHH), one of the world's largest lodging franchisors, kicked off its 68th annual convention in Las Vegas yesterday, highlighting the company's strong competitive position and its plans to help owners and operators capitalize on the growing demand for leisure and business travel. With over 6,600 registrants, including more than 1,100 exhibitors, the three-day conference is one of Choice's largest ever. It will feature more than 100 educational and brand sessions, a trade show and more, all designed to help owners and operators effectively harness the Choice franchisee success system and take advantage of the latest travel trends.

Key Points:

With over 6,600 registrants, including more than 1,100 exhibitors, the three-day conference is one of Choice's largest ever.
"Choice is a leader in technology and innovation, brand creation, brand renewal and franchisee retention," Pacious added.
Additionally, the number of Choice Privileges members grew from 40 million to 65 million (as of end of Q1 2024).
When I look at how far we've progressed together, I've never been more optimistic about the future," said Pacious.

Questex’s IHIF EMEA 2024: The Meeting Place of Hospitality Innovators and Game-Changers

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水曜日, 4月 10, 2024

The investor community attendance is record-breaking this year, with 40% of the investor audience attending IHIF EMEA for the first time.

Key Points:

The investor community attendance is record-breaking this year, with 40% of the investor audience attending IHIF EMEA for the first time.
Expect unparalleled opportunity for deal-making, networking, and garnering invaluable insights to propel the hospitality investment industry forward,” said Julie Rey-Gore, Content Director, IHIF EMEA.
The highly anticipated HAMA Awards will be presented by IHIF EMEA and the Hospitality Asset Managers Association (HAMA) Europe and is co-sponsored by Questex Hospitality and HotStats.
For more information about IHIF EMEA 2024 and to register for the event, visit IHIF EMEA website .

Palladius Capital Management on Track to Double Loan Originations in 2024

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木曜日, 4月 18, 2024

Palladius Capital Management (“Palladius”), a vertically-integrated real estate investment manager focused on pursuing multifamily, student housing, hospitality and select thematic investment strategies, today announced that it has ramped up its lending activity and is on pace to double origination volume year-over-year.

Key Points:

Palladius Capital Management (“Palladius”), a vertically-integrated real estate investment manager focused on pursuing multifamily, student housing, hospitality and select thematic investment strategies, today announced that it has ramped up its lending activity and is on pace to double origination volume year-over-year.
“While we have seen some stabilization in pricing as expectations for rate increases have moderated, opportunities for private lenders like Palladius remain very strong,” said Manish Shah, Senior Managing Director at Palladius.
Through these co-investments, Palladius has been able to lead or participate in larger loan originations, providing the firm with enhanced flexibility.
Considering our access to capital, proven underwriting process, and growing investment pipeline, we believe we are well positioned to put capital to work in a credit-challenged market.”

Chevron Joins Tesla as Most Shorted Large-Cap Security in March, Finds Hazeltree Shortside Crowdedness Report

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水曜日, 4月 10, 2024

Chevron and Tesla topped the Americas large-cap list for most shorted stocks in March, according to the latest Shortside Crowdedness Report from Hazeltree , a leader in active treasury and intelligent operations technology for the alternative asset industry.

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Chevron and Tesla topped the Americas large-cap list for most shorted stocks in March, according to the latest Shortside Crowdedness Report from Hazeltree , a leader in active treasury and intelligent operations technology for the alternative asset industry.
The report also found LVMH and Toyota continued their hold as the top shorted large-cap stocks in their respective regions of EMEA and APAC.
The data is aggregated and anonymized from the contributing Hazeltree community, which includes approximately 700 asset manager funds.
In the mid-cap category, Wayfair topped the list, with a Hazeltree Crowdedness Score of 99, moving up from the last spot the prior month, ranking 87 on February’s Shortside Report.

Choice Hotels International Unveils Year of Sustainability Milestones in Newly Published 2023 Environmental, Social, and Governance Report

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木曜日, 4月 25, 2024

LEED, Science, Pike, Investment, Emerging Markets Program, Choice Hotels, Woman, Sustainability, American Hotel, Targets, Carbon, EV, CHH, African Americans, Multimedia, Renewable energy

NORTH BETHESDA, Md., April 25, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, today published its 2023 Environmental, Social, and Governance Report. The report details Choice's latest initiatives to drive sustainability across its portfolio of hotels. This includes new and expanded requirements to help reduce utility usage and identify savings through its revamped Room to be Green verification program. As part of this initiative, the report highlights the growing adoption of Choice's automated utility tracking dashboard, with over 2,600 properties participating and counting.

Key Points:

(NYSE: CHH), one of the world's largest lodging franchisors, today published its 2023 Environmental, Social, and Governance Report .
The report details Choice's latest initiatives to drive sustainability across its portfolio of hotels.
As part of this initiative, the report highlights the growing adoption of Choice's automated utility tracking dashboard, with over 2,600 properties participating and counting.
Guests browsing ChoiceHotels.com can now identify properties committed to sustainability through a search filter and a designated sustainability practices icon.