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BUSINESS
By David Conn and David Conn,Staff Writer | August 4, 1993
Rick Kaden, executive director of the Baltimore law firm Semmes, Bowen & Semmes, will leave this month to become chief financial officer at a division of Manor Care Inc.Mr. Kaden, 47, left Manor Care in 1987 to take the top administrative job at Semmes. He'll be returning as CFO at the Silver Spring company's Choice Hotels International division, which includes 3,000 franchised hotels in the United States and abroad."I guess it was time for a change," Mr. Kaden said, explaining his resignation, which is effective Aug. 11.Mr.
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NEWS
May 17, 2010
With the pageantry, pomp and parade of the Preakness Stakes now past, it's tempting to toss aside thoughts of tourism dollars like so much Pimlico infield debris. The Triple Crown event is a red-letter day on the visitors calendar, but the reality is that the horse race and all its attendant ceremonies and celebrations are only a small component of Maryland's lucrative tourism trade. A report by a travel and marketing consultant released last week found that the number of visitors to Maryland rose 3.5 percent in 2009, a year when tourism fell 5.5 percent nationally.
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BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | October 10, 1996
Manor Care Inc. yesterday tapped Taco Bell Corp.'s chief operating officer to become the top executive of its Choice Hotels International Inc. division, which is being spun off from the Gaithersburg health care firm next month.The appointment of William R. Floyd as chief executive officer and vice chairman of Choice Hotels comes before the anticipated Nov. 1 tax-free spinoff of the hotel business, the world's second-largest lodging franchise company."He's a brand builder who knows a lot about franchising," said Stewart Bainum Jr., Manor Care's chairman and chief executive officer, who will remain chairman of Choice Hotels.
BUSINESS
January 16, 2010
Silver Spring-based Choice Hotels International Inc. said Friday it's too soon to know whether two hotel projects planned for Haiti will move forward. Less than a week before Tuesday's earthquake leveled Port-au-Prince, the lodging company had announced plans to bring the first global hotel brand to the island in more than a decade. It had planned to open a Comfort Inn this year in the township of Jacmel and to start construction of an Ascend boutique hotel as part of a new luxury development of lodging, housing and shops, also in Jacmel.
BUSINESS
By Michael Pollick | November 6, 1991
On Monday, the Rock and Roll Hall of Fame announced that singer Johnny Cash would be a 1992 inductee.But the real sign that Mr. Cash has been immortalized came yesterday, when he taped three suitcase commercials for Choice Hotels International.After all, the $65 million rock hall of fame, planned for Cleveland, won't be finished until 1994.But the Silver Spring hotel chain, working with Baltimore-based advertising agency Gray Kirk/VanSant, has spent $52 million on its whimsical suitcase commercials.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | December 22, 2000
Choice Hotels International Inc. of Silver Spring said yesterday that it will eliminate 140 positions, consolidate certain functions and take charges totaling $17 million in the fourth quarter as part of a restructuring and reorganization plan designed to streamline operations. About 40 of the layoffs will occur at the Silver Spring office, which employs about 450 people. Another 80 of the layoffs occurred this year at the company's Phoenix, Ariz., office. The balance of the cuts will be spread worldwide.
BUSINESS
By June Arney and June Arney,SUN STAFF | April 22, 1998
Benefitting from new rooms and higher rates, Choice Hotels International Inc. yesterday reported net income of $8.1 million for the first quarter, up $2.4 million from the same period of 1997.Diluted per-share earnings rose from 9 cents to 13 cents, including a penny per share from a one-time sale of investments.For the quarter ended March 31, Silver Spring-based Choice generated $56.7 million in revenue, a slight increase from the $56.6 million it took in the same period in 1997.Choice operates in 34 countries under the brand names Quality, Comfort, Clarion, Sleep Inn, Rodeway Inn, EconoLodge and Mainstay Suites.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | June 27, 1997
Riding a wave of unparalleled industry growth, Choice Hotels International Inc. yesterday detailed ambitious expansion plansas part of a strategic plan to help guide the Silver Spring lodging company into the 21st century.As part of a three-year restructuring, Choice Hotels intends to establish five regions to better handle U.S. growth, alter franchising operations, expand globally, improve brand standards, retool its property management, consolidate suppliers, move into new businesses and create strategic partnerships with the likes of Walt Disney Co. and others.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | August 5, 1998
Choice Hotels International Inc. named a former top official of Promus Hotel Corp. as its chief executive yesterday, a move the Silver Spring hotel franchiser contends will help it capitalize on industry trends and grow domestically and internationally.Charles A. Ledsinger Jr. becomes the company's second president and chief executive officer in as many years.Six weeks ago, Choice Hotels' president and chief executive officer, William R. Floyd, resigned in the wake of a nearly 30 percent drop since March in the company's stock price, which hit a 12-month low. Floyd, a former Taco Bell Corp.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | July 25, 2002
Choice Hotels International, the parent company of Comfort Inn and Econo Lodge, has joined a string of hospitality companies that are trying to woo black, Hispanic and Native American franchise owners with financial perks or aggressive marketing. The Silver Spring-based company has begun a program offering up to $200,0000 to minority individuals or companies with at least a 51 percent minority ownership that want to open hotels. Prompted by criticism from civil rights and business groups, more hotel companies are hiring diversity managers or creating incentive programs to attract minority owners.
NEWS
By Tom Pelton and Scott Calvert and Tom Pelton and Scott Calvert,SUN STAFF | June 20, 2004
A check of court records two years ago might have saved Baltimore taxpayers millions of dollars on the city's sweeping west-side renewal effort. City officials agreed in late 2002 to pay $8.7 million for the Paramount Hotel, at 8 N. Howard St., which the city seized through eminent domain to make way for luxury apartments. That price - almost three times the $3 million the Paramount sold for in 1999 after it was targeted for condemnation - was based on appraisals that relied on the faulty assumption that the owner was getting a valuable Comfort Inn franchise he never got because he never finished renovations demanded by the hotel chain.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | July 25, 2002
Choice Hotels International, the parent company of Comfort Inn and Econo Lodge, has joined a string of hospitality companies that are trying to woo black, Hispanic and Native American franchise owners with financial perks or aggressive marketing. The Silver Spring-based company has begun a program offering up to $200,0000 to minority individuals or companies with at least a 51 percent minority ownership that want to open hotels. Prompted by criticism from civil rights and business groups, more hotel companies are hiring diversity managers or creating incentive programs to attract minority owners.
BUSINESS
By June Arney and June Arney,SUN STAFF | April 8, 2001
This was to be a time of celebration for Gray, Kirk/Van- Sant Advertising and Public Relations Inc., one of Baltimore's established advertising agencies. It just changed its name and moved into the city's trendy Tide Point development. But there is little time to celebrate. The agency recently lost its largest account, Choice Hotels International Inc., and was forced to lay off 13 of 68 employees. It missed the final cut for the Best Western International contract, which could have significantly softened the blow of the Choice loss - to a Baltimore firm run by a Gray Kirk alum, which only added to the insult.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | December 22, 2000
Choice Hotels International Inc. of Silver Spring said yesterday that it will eliminate 140 positions, consolidate certain functions and take charges totaling $17 million in the fourth quarter as part of a restructuring and reorganization plan designed to streamline operations. About 40 of the layoffs will occur at the Silver Spring office, which employs about 450 people. Another 80 of the layoffs occurred this year at the company's Phoenix, Ariz., office. The balance of the cuts will be spread worldwide.
BUSINESS
By June Arney and June Arney,SUN STAFF | November 30, 2000
Gray Kirk/VanSant has laid off 13 employees, mainly after losing the advertising account for Choice Hotels International Inc., which ends a 19-year relationship with the hotel chain. The Choice account represented 25 percent of the Baltimore ad agency's business, and 10 to 15 employees have had some involvement with the client. The junior- to mid-level employees who were let go Monday were from the media, account management and creative departments, according to Roger L. Gray, the Baltimore ad agency's president and chief executive officer.
BUSINESS
By June Arney and June Arney,SUN STAFF | October 27, 2000
Baltimore-based Gray Kirk/VanSant might lose its 19-year advertising relationship with Choice Hotels International Inc., an account which agency officials say represents one-fourth of its business. Choice Hotels, which has a new senior vice president of marketing, recently announced that it has hired a New York search firm to conduct an agency review for its $35 million to $40 million consumer advertising account. Roger L. Gray, Gray Kirk president and chief executive officer, said that although the agency, which has $110 million in annual billings, has been invited to participate in the review, he has not decided whether to do so. He plans to meet with Choice officials next week, then make a decision on whether to pursue the business.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | March 8, 1996
Manor Care Inc. said yesterday that it will spin off its lodging division in a separate company, allowing it to concentrate on its growing health care business."
BUSINESS
February 5, 1997
Choice Hotels International Inc. is considering spinning off its hotel real estate assets to shareholders in order to focus on its hotel management and franchising operations."
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | August 5, 1998
Choice Hotels International Inc. named a former top official of Promus Hotel Corp. as its chief executive yesterday, a move the Silver Spring hotel franchiser contends will help it capitalize on industry trends and grow domestically and internationally.Charles A. Ledsinger Jr. becomes the company's second president and chief executive officer in as many years.Six weeks ago, Choice Hotels' president and chief executive officer, William R. Floyd, resigned in the wake of a nearly 30 percent drop since March in the company's stock price, which hit a 12-month low. Floyd, a former Taco Bell Corp.
BUSINESS
By June Arney and June Arney,SUN STAFF | April 22, 1998
Benefitting from new rooms and higher rates, Choice Hotels International Inc. yesterday reported net income of $8.1 million for the first quarter, up $2.4 million from the same period of 1997.Diluted per-share earnings rose from 9 cents to 13 cents, including a penny per share from a one-time sale of investments.For the quarter ended March 31, Silver Spring-based Choice generated $56.7 million in revenue, a slight increase from the $56.6 million it took in the same period in 1997.Choice operates in 34 countries under the brand names Quality, Comfort, Clarion, Sleep Inn, Rodeway Inn, EconoLodge and Mainstay Suites.
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