Choice Hotels Q3 net income drops 68% to $58 million
Bitget2026/11/02 11:32- Choice Hotels’ third-quarter net income fell 68% year over year to $58 million.
- The decline primarily reflected a $100 million joint-venture acquisition gain recognized in the prior-year quarter.
- Total revenues rose year over year to $458.33 million.
- Following quarter-end, two owned hotels sold for approximately $34 million in estimated net cash proceeds, with franchise agreements retained.
- Full-year 2026 net income guidance was lowered to $178 million–$185 million, primarily due to higher expected marketing and reservation-system reimbursable expenses.
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