Choice Hotels International appointed Dominic E. Dragisich as President and CEO and to the Board of Directors, effective August 31, 2026. He succeeds Patrick S. Pacious, who resigned from both roles on that date after serving as Interim CEO since May 20, 2026. Dragisich’s compensation includes a $1,000,000 base salary, a target short-term incentive of 150% of base salary, and long-term equity awards valued at least at $4,000,000 plus a one-time grant worth $1,000,000. The company also executed an amended severance agreement providing for lump-sum payments up to 250% of salary and bonus in the event of a Change in Control termination. Choice Hotels International is a global lodging franchisor operating over 7,500 hotels across 49 countries.

Choice Hotels International entered into a $500 million senior unsecured credit agreement on August 28, 2026. The facility consists of a term loan maturing on August 28, 2029, with an optional one-year extension subject to lender consent. Interest rates are set at SOFR plus 1.25% or a base rate plus 0.25%. The agreement imposes financial maintenance covenants requiring a consolidated fixed charge coverage ratio of at least 2.5 to 1.0 and a leverage ratio not exceeding 4.5 to 1.0, which may increase to 5.5 to 1.0 for specific acquisitions. Proceeds are intended for general corporate purposes, including working capital and debt repayment. Choice Hotels International operates in the hospitality industry, providing franchising and management services for lodging properties.

Choice Hotels International reported second quarter 2026 results with net income of $64 million ($1.41 diluted EPS), a 21% decline from the prior year period due to higher reimbursable deficits and increased depreciation. Adjusted EBITDA rose 6% to $175 million, and adjusted diluted EPS increased 5% to $2.02. U.S. RevPAR grew 1.3%, while global net rooms expanded 2.6%. The company returned $139 million to shareholders year-to-date through dividends and share repurchases. Management raised full-year 2026 adjusted EBITDA guidance but lowered net income and diluted EPS ranges, citing higher interest expense, tax rates, and reimbursable costs. Choice Hotels International is a leading global lodging franchisor operating an asset-light model with over 7,500 hotels across 49 countries.

Choice Hotels International appointed Ali Keshavarz to its Board of Directors effective June 26, 2026, for a term expiring at the 2027 Annual Meeting of Shareholders. Mr. Keshavarz is the President and Chief Data & Analytics Officer of CVS Health and previously worked at McKinsey. His appointment increases the Board size to twelve directors. He will receive compensation consistent with other non-employee directors. The company operates in the hospitality industry as a franchisor of hotels and motels.