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4-Traders Homepage  >  Equities  >  Nyse  >  Choice Hotels International Inc    CHH

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Choice Hotels International : Cambria Hotels Opens in New Orleans

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10/19/2017 | 11:12pm CEST

By a News Reporter-Staff News Editor at Leisure & Travel Business -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, in collaboration with Fillmore Capital Partners and Fillmore Hospitality, announced the opening of the newest addition to the Cambria Hotels portfolio, the Cambria Hotel New Orleans Warehouse District.

Located at 632 Tchoupitoulas Street, the 162-room newly constructed, upscale Cambria hotel is located in the trendy Arts and Warehouse District offering numerous dining and entertainment options and the action of the French Quarter. The area has been designated a Louisiana Cultural District. The hotel is just blocks from the French Quarter and the New Orleans Convention Center, and is adjacent to the central business district.

"This is another important milestone for the Cambria Hotels brand as we continue to open in markets with a balance of cultural and corporate offerings demanded and valued by today's modern traveler," said Janis Cannon, senior vice president, upscale brands at Choice Hotels. "We're thrilled to once again have worked with Fillmore Hospitality to bring this great property to market. It follows recent Cambria and Fillmore Capital Partners openings in Los Angeles - LAX, Chicago Magnificent Mile, and Southlake - DFW."

The Cambria Hotel New Orleans Warehouse District property features contemporary on-site dining, serving a menu comprised of local specialties, signature cocktails and area craft beers, as well as freshly prepared grab-and-go gourmet salads and sandwiches. The property also includes 1,200 square feet of meeting space and a state-of-the-art fitness center.

Choice Hotels again teamed up with Fillmore Hospitality, a management company that provides a full spectrum of development, investment and property management services to owners of hotels and resorts throughout North America. Fillmore has now opened four Cambria hotels, and early next year will expand the brand to Nashville.

"Choice Hotels has been a tremendous collaborator every step of the way, providing all of the resources to help us open the doors to now four Cambria properties," said Ron Silva, Fillmore Capital Partners president and CEO. "New Orleans is a city of rich history and year-after-year one of the most popular U.S. cities for leisure and business. This new Cambria property is in a prime location where guests can truly experience all of this city's charm."

Keywords for this news article include: Lodging Companies, Service Companies.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Leisure, Travel & Entertainment Newsletters

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Financials ($)
Sales 2017 984 M
EBIT 2017 281 M
Net income 2017 161 M
Debt 2017 647 M
Yield 2017 1,27%
P/E ratio 2017 23,84
P/E ratio 2018 21,54
EV / Sales 2017 4,56x
EV / Sales 2018 4,31x
Capitalization 3 839 M
Chart CHOICE HOTELS INTERNATIONA
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Choice Hotels Internationa Technical Analysis Chart | CHH | US1699051066 | 4-Traders
Technical analysis trends CHOICE HOTELS INTERNATIONA
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 12
Average target price 66,2 $
Spread / Average Target -2,5%
EPS Revisions
Managers
NameTitle
Patrick S. Pacious President, Chief Executive Officer & Director
Stewart W. Bainum Chairman
Dominic E. Dragisich Chief Financial Officer
Todd Davis Chief Information Officer
John Bonds Senior VP- Enterprise Operations & Technology
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