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Fly News Breaks for May 24, 2019
CHH
May 24, 2019 | 06:51 EDT
After hosting a small group meeting with senior management, including CEO Patrick Pacious and CFO Dominic Dragisich, Wells Fargo analyst Jeffrey Donnelly says Choice Hotels is optimistic on its business outlook given macroeconomic factors. The Comfort Inn renovation is 50% complete, the Cambria brand pipeline is nearing critical mass, and extended stay growth - across Woodspring, Mainstay and Suburban flags - remains "relatively strong," Donnelly tells investors in a research note. The analyst keeps a Market Perform rating on Choice Hotels.
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