Latest news with #ComfortInn
Yahoo
02-06-2025
- General
- Yahoo
BREAKING: Large police presence in Pooler
POOLER, Ga. (WSAV) — WSAV has a crew on the way to Pooler where there is a large police presence near the Comfort Inn and Suites and Candlewood Suites. We will update as information becomes available. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
08-05-2025
- Business
- Yahoo
Choice Hotels (NYSE:CHH) Reports Sales Below Analyst Estimates In Q1 Earnings
Hotel franchisor Choice Hotels (NYSE:CHH) missed Wall Street's revenue expectations in Q1 CY2025, with sales flat year on year at $332.9 million. Its non-GAAP profit of $1.34 per share was 2% below analysts' consensus estimates. Is now the time to buy Choice Hotels? Find out in our full research report. Revenue: $332.9 million vs analyst estimates of $346.7 million (flat year on year, 4% miss) Adjusted EPS: $1.34 vs analyst expectations of $1.37 (2% miss) Adjusted EBITDA: $129.6 million vs analyst estimates of $131.3 million (38.9% margin, 1.3% miss) Management lowered its full-year Adjusted EPS guidance to $7.06 at the midpoint, a 0.7% decrease EBITDA guidance for the full year is $625 million at the midpoint, in line with analyst expectations Operating Margin: 24%, up from 18.1% in the same quarter last year Free Cash Flow was $9.92 million, up from -$31.04 million in the same quarter last year RevPAR: $46.28 at quarter end, up 12.6% year on year Market Capitalization: $5.87 billion "Choice Hotels generated another quarter of record financial performance and RevPAR outperformance, demonstrating the successful execution of our growth strategy," said Patrick Pacious, President and Chief Executive Officer. With almost 100% of its properties under franchise agreements, Choice Hotels (NYSE:CHH) is a hotel franchisor known for its diverse brand portfolio including Comfort Inn, Quality Inn, and Clarion. A company's long-term sales performance can indicate its overall quality. Any business can have short-term success, but a top-tier one grows for years. Regrettably, Choice Hotels's sales grew at a sluggish 7.3% compounded annual growth rate over the last five years. This was below our standard for the consumer discretionary sector and is a tough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new property or trend. Choice Hotels's recent performance shows its demand has slowed as its annualized revenue growth of 3.6% over the last two years was below its five-year trend. We can better understand the company's revenue dynamics by analyzing its revenue per available room, which clocked in at $46.28 this quarter and is a key metric accounting for daily rates and occupancy levels. Over the last two years, Choice Hotels's revenue per room averaged 1.5% year-on-year growth. Because this number is lower than its revenue growth, we can see its sales from other areas like restaurants, bars, and amenities outperformed its room bookings. This quarter, Choice Hotels's $332.9 million of revenue was flat year on year, falling short of Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 4.3% over the next 12 months, similar to its two-year rate. This projection is underwhelming and implies its newer products and services will not lead to better top-line performance yet. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Choice Hotels's operating margin has been trending up over the last 12 months and averaged 26.9% over the last two years. On top of that, its profitability was elite for a consumer discretionary business thanks to its efficient cost structure and economies of scale. In Q1, Choice Hotels generated an operating profit margin of 24%, up 5.9 percentage points year on year. This increase was a welcome development and shows it was more efficient. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Choice Hotels's EPS grew at a decent 10.4% compounded annual growth rate over the last five years, higher than its 7.3% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. In Q1, Choice Hotels reported EPS at $1.34, up from $1.28 in the same quarter last year. Despite growing year on year, this print slightly missed analysts' estimates, but we care more about long-term EPS growth than short-term movements. Over the next 12 months, Wall Street expects Choice Hotels's full-year EPS of $6.98 to stay about the same. We struggled to find many positives in these results. Its revenue missed and its EPS fell short of Wall Street's estimates. Overall, this was a softer quarter. The stock remained flat at $125.10 immediately after reporting. Choice Hotels didn't show it's best hand this quarter, but does that create an opportunity to buy the stock right now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Yahoo
Can higher bail be used to stop deportation? Mass. high court weighs man's rape case
A Haitian migrant charged with raping a teenage girl at a Massachusetts family shelter wants to be released from custody after a judge set his bail at $150,000 last fall. The state's Supreme Judicial Court heard arguments Wednesday morning about a Plymouth County judge's decision to increase the man's original $500 bail to prevent his deportation and allow the case to proceed. Prosecutors asked for 26-year-old Cory Alvarez's bail to be set at $1 million after federal immigration authorities sought to deport him in October, before a judge set it at $150,000. Alvarez is charged with raping a teenage girl at a Comfort Inn in Rockland and his deportation was set for Oct. 31 before a state judge intervened. The hotel where Alvarez lived was part of the state's shelter program for homeless families, Plymouth County District Attorney Timothy Cruz's Office previously said. Federal immigration authorities have an agreement with Cruz's office not to detain Alvarez as long as he remains in state custody, according to John Zanini, a lawyer for the district attorney's office, at Wednesday's hearing. 'The United States government could go pick up Mr. Alvarez, take him into custody and remove him any time they want and they have not,' Zanini said. 'They have not because they are respecting right now our custody so that we can proceed with our trial.' Alvarez appeared before an immigration judge last year, and based on his 'admissions and concessions,' was found removable, according to Zanini. Alvarez did not appeal the decision and used it 'as a tool to escape prosecution,' Zanini wrote in a court filing. Zanini added that the judge considered Alvarez's lack of community connections, lack of work history, the nature of the case, the potential penalty and the strength of the prosecution's case when setting the $150,000 bail. A misuse of bail laws? Alvarez's attorney, Brian Kelley, argued that the state's bail law has a 'glaring omission' when it comes to considering immigration issues such as deportations. Legislators didn't write the bail laws to consider the deportation issue, Kelley said. Bail increases are usually for defendants who violate conditions of their release, and high bail amounts are typically set for people who are considered flight risks, Kelley said. 'What bothers me about this case is that it's completely out of [Alvarez's] hands,' Kelley said. 'If allowed to be the rule, immigrant-defendants who face a possibility of being deported will [be] unfairly subjected to higher (or held without) bail to prevent them being deported through no fault of their own,' Kelley wrote in a filing. 'If allowed to stand, the Court's decision would create a wholly different standard of bail for immigrants, which has not been established before.' Judge Scott Kafker asked whether the state and the victim's 'interest in justice being done' is a factor. 'I can't say it's not a factor,' Kelley responded, but suggested that, if Alvarez was released and detained by the federal government, immigration authorities could guarantee his appearance in court. The Supreme Judicial Court judges did not issue a ruling Wednesday. Alvarez's history Alvarez is in the United States as part of the Biden administration's Humanitarian Parole Program for Cubans, Haitians, Nicaraguans, and Venezuelans, according to prosecutors. On the night of March 13, police went to the Comfort Inn in Rockland at 850 Hingham St. after hotel staff reported a girl said she had been raped, Rockland Police Det. Sgt. Greg Pigeon testified in Hingham District Court during Alvarez's dangerousness hearing in March. Rockland police took the girl to South Shore Hospital for treatment after arriving at the hotel. Alvarez entered the country legally and had undergone two background checks, Kelley said at a prior court hearing, citing Gov. Maura Healey's office. It was not clear how long Alvarez had been living at the hotel and Kelley said he spent time in New York City before arriving in Massachusetts. The girl and Alvarez had no pre-existing relationship before the incident, both prosecutors and Kelley previously confirmed. What happens next Prosecutors argued in favor of increasing Alvarez's bail to keep him in Massachusetts and face prosecution on his charges: aggravated rape of a child with 10 year age difference and rape of a child by force. His deportation would have '(left) him unable to answer the accusations against him,' Cruz's office said in a statement. 'Such a scenario would halt the case indefinitely, preventing any resolution for both the alleged victim and the defendant.' Judge Elaine Buckle found the prosecutor's arguments convincing in October. The district attorney's office quoted the judge as saying, 'The Commonwealth does have a case of strength. The court finds justice requires the increase in bail.' Alvarez is scheduled to appear in Plymouth Superior Court on July 23. More News Read the original article on MassLive.
Hospitality Net
07-05-2025
- Business
- Hospitality Net
Choice Hotels International Concludes its 69th Annual Convention, Powering the Future of Franchise Ownership
Last week, Choice Hotels International, Inc. (NYSE: CHH), concluded its 69th Annual Convention. Over the course of three days, Choice Hotels showcased how its growth, strategic investments, and innovation-first mindset continue to power the future of franchise ownership by helping to drive revenue, reduce costs, and provide state-of-the-art tools for its hotel owners. During the convention, the company announced the piloting of signature breakfast items for its Comfort and Country Inn & Suites brands. Choice also celebrated reaching the Ascend Collection's milestone of over 400 open properties worldwide by unveiling a new logo that honors its pioneering legacy as the first soft brand and its commitment to unique, personalized guest experiences. Hotel owners also learned about Choice Hotels' ambitious ongoing investments to develop and implement cutting-edge capabilities. These initiatives include empowering franchisees to manage rates more flexibly, driving occupancy from small-to-mid-sized companies through a self-service travel management platform, enhancing AI-ready digital marketing to attract and retain guests, and introducing an AI-infused group travel system to optimize opportunities and respond to requests for proposals. The driving force of Choice Hotels' growth – what is truly Powering the Future – is a relentless focus on enhancing hotel performance by helping them drive revenue up, operating costs down and making running hotels easier through our best-in-class technology tools and systems. President and CEO Patrick Pacious In addition to talking about the key areas Choice Hotels is investing in the growth and performance of hotels across its system, the franchisor also awarded and celebrated top-performing hotels. Premier Award Winners The Premier Legacy Award recognizes phenomenal and longstanding Choice hotel owners who have built a true legacy with the company. The Premier Developer Award goes to Choice hotel owners who have demonstrated an incredible commitment to development with Choice Hotels. Gary and David Burton of the Burton Hotel Group (Premier Legacy Award) : Based in Tulsa, Oklahoma, Gary and his son David opened their first hotel in 2007 and have since opened a half-dozen properties with Choice, including the Platinum Award-winning Sleep Inn & Suites in South Tyler, Texas. David served as Chair of the Choice Hotels Owners Council (CHOC) from 2022 to 2023. : Based in Tulsa, Oklahoma, Gary and his son David opened their first hotel in 2007 and have since opened a half-dozen properties with Choice, including the Platinum Award-winning Sleep Inn & Suites in South Tyler, Texas. David served as Chair of the Choice Hotels Owners Council (CHOC) from 2022 to 2023. Jay Patel, Devesh Patel, Vince Patel and Nash Desai of Athena Hospitality Group (Premier Developer Award): Based in Florence, Kentucky, Athena Hospitality Group has developed Choice hotels across core, extended stay and upscale brands, including the Cambria at Nashville Airport — the only Cambria with a swimming pool shaped like a guitar. Athena was recently awarded agreements for nine WoodSpring Suites, including one that's now under construction in Baton Rouge, Louisiana. Lifetime Achievement Award Toshio Muraki, Founder, Choice Hotels Japan: Last year, the Choice Hotels International family lost an esteemed member, the founder of Choice Hotels Japan and Greens Company Limited, Toshio Muraki. Over more than half a century in hospitality — starting with the opening of the Shin Yokkaichi Hotel in 1957 — Muraki built an incredible legacy of growth and partnership. In 2024, Choice Hotels Japan grew to nearly 100 hotels, including the addition of 22 Comfort properties. In recognition of his achievements and collaboration, Choice bestowed Muraki with a Lifetime Achievement Award, which his son and current President and Director of Choice Hotels Japan, Takeya Muraki, accepted on his behalf. Best of Choice Winners Every year, the best U.S. hotel from each brand and the best international properties are selected for Best of Choice Awards. Demonstrating a commitment to superior guest service and operational excellence, these hotels represent the very best Choice Hotels has to offer from across its wide-ranging portfolio of brands. Subscribe to receive Choice Hotels news updates via email here. About Choice Hotels® Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. The one to watch in upscale and a leader in midscale and extended stay, Choice® has nearly 7,500 hotels, representing more than 630,000 rooms, in 45 countries and territories. A diverse portfolio of 22 brands that range from full-service upper upscale properties to midscale, extended stay and economy enables Choice® to meet travelers' needs in more places and for more occasions while driving more value for franchise owners and shareholders. The award-winning Choice Privileges® rewards program and co-brand credit card options provide members with a fast and easy way to earn reward nights and personalized perks. For more information, visit Forward-Looking Statements This communication includes "forward-looking statements" about future events, including anticipated development and hotel openings. Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and the other "Risk Factors" described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, any of which could cause actual results to be materially different from our expectations. Addendum This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 915 Meeting Street, Suite 600, North Bethesda, Maryland 20852 or by email at: [email protected]. © 2024 Choice Hotels International, Inc. All Rights Reserved SOURCE Choice Hotels International, Inc.
Yahoo
01-05-2025
- Yahoo
Stabbing at Mass. hotel leaves 2 men hurt, 1 woman arrested after police pursuit
A woman faces charges in connection with a stabbing at an Auburn hotel that left two men hurt, followed by a police pursuit reaching Bellingham, Auburn police said Thursday. On Tuesday, Auburn police learned of a stabbing inside a Comfort Inn at 486 Southbridge St., police said in a statement. The caller told dispatchers that a woman had left the area in a car. Officers found two men with minor injuries, the statement read. The two men were treated by Auburn firefighters. When detectives spoke with the two men, they were 'uncooperative and refused to provide information about the incident,' police said. 'Blood and other evidence indicated that a violent incident had occurred in the room,' police continued. Meanwhile, Auburn police found the woman after a stop on Southbridge Street, near the on-ramp to Interstate 90, police said. She spoke with officers before she drove off, prompting Auburn police and Massachusetts State Police to follow and try to stop her. She continued driving at or near the speed limit before heading south on Route 495, police said. The pursuit ended in Bellingham, where police arrested her. Police have not released the woman's name or the potential charges she faces. Anyone with information about this incident is asked to call the Auburn Police Detective Bureau at 508-832-7777 or send an email or text to TextaTip@ The incident remains under investigation. Dominican national living in Merrimack Valley accused of distributing counterfeit pills Swansea man filmed teenage girl in Target fitting room, police say Mass. man threatened people with airsoft gun at Patriot Place, police say Homeless man faces charges in connection with setting fire to Western Mass. home Man found shot dead behind Taunton high school identified as Cape Cod man
