Choice Hotels Boosts Stock Buyback Authorization

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  • Choice Hotels International Inc CHH board of directors has approved an increase in its share repurchase program by five million shares.
  • When added to the remaining number of available shares previously authorized for repurchase, the total authorization is about 6.7 million shares.
  • The company held $607.2 million in cash and equivalents as of June 30, 2022.
  • Choice Hotels is a lodging franchisor with 22 brands and has more than 7,500 hotels and nearly 650,000 rooms in 46 countries and territories as of August 11, 2022.
  • Price Action: CHH shares traded higher by 1.23% at $113.49 on the last check Wednesday.
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Posted In: NewsBuybacksGeneralBriefs
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