Professional
Added to YB: 2026-03-06
Pitch date: 2026-03-04
CHH [bullish]
Choice Hotels International, Inc.
Author Info
Voss Capital is a hedge fund looking for value-oriented special situations. Sign up for the newsletter.
Company Info
Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor in the United States and internationally.
Market Cap
$4.8B
Pitch Price
N/A
Price Target
159.00
Dividend
1.09%
EV/EBITDA
13.54
P/E
13.40
EV/Sales
6.94
Sector
Hotels, Restaurants and Leisure
Category
value
Voss Capital New Position: Choice Hotels International, Inc.
CHH (new position): Asset-light franchisor (60%+ EBITDA margin) down from $154 to $106 on RevPAR declines, now 10.7x EBITDA (bottom 2.5% of 10yr range). Shifting to higher-margin segments: Extended Stay (9% rooms, +12% YoY, 6% royalty); Intl EBITDA doubling to $50M by 2027; ~$700M cash unlock (14% of mkt cap) from Cambria/Everhome sales for buybacks. 26% short interest, 40% insider ownership, M&A prep signals. Reversion to 14x fwd EBITDA = 50% upside.
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