CHOICE HOTELS INTERNATIONAL INC /DE
In the published model solve dated 2026-Q2, anchored at $108.86, CHOICE HOTELS INTERNATIONAL INC /DE (CHH) is priced for -3.5% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Roughly 39% of what gets reported as revenue is money collected from franchisees and spent back on their marketing and reservations, an arrangement the 10-Q says produces ⟦"no income or loss"⟧, so the actual profit engine is the 42% of revenue that is franchise and management fees. • The capital structure is the strategy: net debt near 2.0 billion dollars and very little cash on hand, deployed to retire about 4.8% of the shares a year for four running years. • The March quarter went backward
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315 institutional managers reported holding CHH in 13F filings for the quarter ended 2026-03-31. Together they hold about 78% of the company; the top 10 hold 51%. 46 opened new positions that quarter. Held by Morgan Stanley, Vanguard Group, BlackRock, among others. On the short side, 7.4M shares were sold short as of the 2026-06-15 count, about 16% of shares outstanding (10.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CHH has cut its share count 17.5% over the past five years, spending $1.38B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $1.15 a share annually. Cash returned over the past three years: $151.01M in dividends and $707.15M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CHH over the trailing three years. Absence is a fact about the company, not a signal. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CHH's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | +3.7% | -6.6% |
| 2023-11-08 | -1.6% | +5.5% |
| 2024-02-21 | -2.9% | +4.4% |
| 2024-05-09 | -5.0% | +6.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CHH's latest 8-K filings: 2026-08-28 (items 1.01, 2.03, 9.01); 2026-08-05 (items 2.02, 9.01); 2026-07-01 (items 5.02, 9.01); 2026-05-21 (items 5.03, 5.07, 9.01); 2026-05-20 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.