CHOICE HOTELS INTERNATIONAL INC /DE
CHH · Hotels & Motels · 45.5M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $322M (gross $363M, SBC $41M)
Reference price $115.00 · est. market cap ~$5.2B — last insider sale, 2026-06-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A85Dominant asset-light hotel franchisor with top-decile margins, returns and durable royalty-based economics.
Strengths
- Net margin 23.2% (94th pct), operating margin 28% (88th pct), ROA 12.7% (90th pct) from a high-moat franchising model
- Recurring franchise-fee economies of scale across 7,575 hotels with a 825-hotel pipeline
Risks
- High financial leverage (debt/equity 10.5x) and only $45M cash; ROE 204% reflects negative book equity from buybacks
- Lodging demand is cyclical and seasonal
Notable findings
- Weak liquidityCurrent ratio 0.87 (<1)
- Exec changeRecent 8-K item 5.02 8-K ↗
- High leverageHigh leverage (debt/equity 10.52)
- Buying back stockNet buyback — share count -2%/yr over 4y
- Revenue declineRevenue -12.7% YoY
- Insider sellingInsider selling — 12 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$4M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
28.1%
Net margin
23.2%
Return on equity
204.1%
Return on assets
12.7%
ROIC
17.0%
Revenue growth (QoQ)
-12.7%
Net-income growth
23.5%
Debt / equity
10.5×
Net debt / EBITDA
3.7×
Current ratio
0.9×
EBITDA
$508M
Tangible book value
-$1.2B
Cash & investments
$45M
Stock comp / revenue
2.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | Oaksmith Scott E | Sell | 2.0K | $115.00 |
| 2026-06-12 | Oaksmith Scott E | Sell | 2.0K | $110.00 |
| 2026-05-26 | Dragisich Dominic | Sell | 5.0K | $113.56 |
| 2026-05-26 | Dragisich Dominic | Option exercise | 13K | $91.28 |
| 2026-05-26 | Dragisich Dominic | Sell | 2.1K | $112.50 |
| 2026-05-26 | Dragisich Dominic | Sell | 2.0K | $115.15 |
| 2026-05-26 | Dragisich Dominic | Sell | 14K | $114.65 |
| 2026-05-21 | Koch Monte JM | Grant | 1.6K | — |
| 2026-05-21 | JEWS WILLIAM L | Grant | 1.6K | — |
| 2026-05-21 | Bainum Brian | Other | 1.6K | $111.49 |
| 2026-05-21 | VIEIRA DONNA F | Grant | 1.6K | — |
| 2026-05-21 | TAGUE JOHN P | Grant | 1.6K | — |
| 2026-05-21 | Maureen Sullivan | Grant | 1.6K | — |
| 2026-05-21 | Smith Gordon | Grant | 1.6K | — |
| 2026-05-21 | SHAMES ERVIN R | Grant | 1.6K | — |
| 2026-05-21 | Landsman Liza | Grant | 1.6K | — |
| 2026-05-20 | Dragisich Dominic | Grant | 4.5K | — |
| 2026-05-18 | Bainum Brian | Other | 416 | — |
| 2026-05-18 | Bainum Brian | Other | 416 | — |
| 2026-05-16 | Bainum Brian | Other | 423 | — |
| 2026-05-16 | Bainum Brian | Other | 423 | — |
| 2026-05-15 | Bainum Brian | Other | 455 | — |
| 2026-05-15 | Bainum Brian | Other | 455 | — |
| 2026-04-15 | VIEIRA DONNA F | Grant | 2 | $117.65 |
| 2026-04-15 | Ramirez Sanchez Raul | Grant | 8 | $117.65 |
| 2026-04-15 | Smith Gordon | Grant | 13 | $117.65 |
| 2026-04-15 | JEWS WILLIAM L | Grant | 15 | $117.65 |
| 2026-04-15 | Landsman Liza | Grant | 17 | $117.65 |
| 2026-04-15 | Maureen Sullivan | Grant | 23 | $117.65 |
| 2026-04-15 | Koch Monte JM | Grant | 27 | $117.65 |
| 2026-04-15 | TAGUE JOHN P | Grant | 62 | $117.65 |
| 2026-04-15 | Cimerola Patrick | Grant | 68 | $117.65 |
| 2026-04-15 | SHAMES ERVIN R | Grant | 99 | $117.65 |
| 2026-03-18 | Oaksmith Scott E | Sell | 1.6K | $100.00 |
| 2026-03-17 | Oaksmith Scott E | Sell | 600 | $100.07 |
| 2026-03-02 | Abdalla Noha | Tax withheld | 1.3K | $104.15 |
| 2026-03-02 | Scozzafava Anna | Tax withheld | 241 | $104.15 |
| 2026-03-02 | Pacious Patrick | Tax withheld | 23K | $104.15 |
| 2026-03-02 | Oaksmith Scott E | Tax withheld | 2.1K | $104.15 |
| 2026-03-02 | Dragisich Dominic | Tax withheld | 12K | $104.15 |
| 2026-03-02 | WU Simone | Tax withheld | 2.6K | $104.15 |
| 2026-03-02 | BAINUM STEWART JR | Other | 2.4K | — |
| 2026-03-02 | BAINUM STEWART JR | Other | 2.4K | — |
| 2026-02-26 | Scozzafava Anna | Grant | 1.3K | — |
| 2026-02-26 | Dragisich Dominic | Grant | 12K | — |
| 2026-02-26 | Oaksmith Scott E | Grant | 5.2K | — |
| 2026-02-26 | BAINUM STEWART JR | Grant | 3.2K | $107.98 |
| 2026-02-26 | Cimerola Patrick | Grant | 2.7K | — |
| 2026-02-26 | Ramirez Sanchez Raul | Grant | 5.7K | — |
| 2026-02-26 | Abdalla Noha | Grant | 1.9K | — |
| 2026-02-26 | Pacious Patrick | Grant | 12K | — |
| 2026-02-25 | Scozzafava Anna | Tax withheld | 506 | $107.43 |
| 2026-02-20 | Cimerola Patrick | Grant | 6.8K | — |
| 2026-02-20 | Scozzafava Anna | Grant | 661 | — |
| 2026-02-20 | Ramirez Sanchez Raul | Grant | 3.3K | — |
| 2026-02-20 | Pacious Patrick | Grant | 16K | — |
| 2026-02-20 | Oaksmith Scott E | Grant | 4.3K | — |
| 2026-02-20 | Dragisich Dominic | Grant | 19K | — |
| 2026-02-20 | WU Simone | Grant | 5.8K | — |
| 2026-02-20 | Abdalla Noha | Grant | 4.1K | — |
| 2026-02-19 | Pacious Patrick | Tax withheld | 56K | $111.05 |
| 2026-02-19 | Pacious Patrick | Option exercise | 65K | $81.15 |
| 2026-02-19 | Pacious Patrick | Option exercise | 1.2K | $81.15 |
| 2026-02-19 | Pacious Patrick | Tax withheld | 900 | $111.05 |
| 2026-02-12 | Cimerola Patrick | Option exercise | 1.2K | $81.15 |
| 2026-02-12 | Cimerola Patrick | Tax withheld | 917 | $109.01 |
| 2026-02-02 | WU Simone | Sell | 1.0K | $102.72 |
| 2026-02-02 | WU Simone | Option exercise | 8.1K | $81.15 |
| 2026-02-02 | WU Simone | Sell | 4.2K | $101.01 |
| 2026-02-02 | WU Simone | Sell | 2.4K | $101.63 |
| 2026-02-02 | WU Simone | Sell | 400 | $103.99 |
| 2026-01-15 | SHAMES ERVIN R | Grant | 107 | $108.34 |
| 2026-01-15 | VIEIRA DONNA F | Grant | 2 | $108.34 |
| 2026-01-15 | Smith Gordon | Grant | 15 | $108.34 |
| 2026-01-15 | Maureen Sullivan | Grant | 25 | $108.34 |
| 2026-01-15 | Landsman Liza | Grant | 18 | $108.34 |
| 2026-01-15 | Koch Monte JM | Grant | 29 | $108.34 |
| 2026-01-15 | Cimerola Patrick | Grant | 55 | $108.34 |
| 2026-01-15 | TAGUE JOHN P | Grant | 67 | $108.34 |
| 2026-01-15 | JEWS WILLIAM L | Grant | 16 | $108.34 |
| 2025-12-29 | SHAMES ERVIN R | Gift | 6.5K | — |
| 2025-10-16 | JEWS WILLIAM L | Grant | 17 | $101.43 |
| 2025-10-16 | VIEIRA DONNA F | Grant | 2 | $101.43 |
| 2025-10-16 | Smith Gordon | Grant | 16 | $101.43 |
| 2025-10-16 | Maureen Sullivan | Grant | 26 | $101.43 |
| 2025-10-16 | Landsman Liza | Grant | 19 | $101.43 |
| 2025-10-16 | Koch Monte JM | Grant | 31 | $101.43 |
| 2025-10-16 | Cimerola Patrick | Grant | 59 | $101.43 |
| 2025-10-16 | TAGUE JOHN P | Grant | 71 | $101.43 |
| 2025-10-16 | SHAMES ERVIN R | Grant | 114 | $101.43 |
| 2025-08-15 | Abdalla Noha | Tax withheld | 502 | $121.98 |
| 2025-07-23 | Dragisich Dominic | Sell | 2.5K | $136.45 |
| 2025-07-16 | Smith Gordon | Grant | 9 | $133.51 |
| 2025-07-16 | Maureen Sullivan | Grant | 19 | $133.51 |
| 2025-07-16 | Landsman Liza | Grant | 15 | $133.51 |
| 2025-07-16 | Koch Monte JM | Grant | 22 | $133.51 |
| 2025-07-16 | Cimerola Patrick | Grant | 44 | $133.51 |
| 2025-07-16 | SHAMES ERVIN R | Grant | 86 | $133.51 |
| 2025-07-16 | JEWS WILLIAM L | Grant | 13 | $133.51 |
| 2025-07-16 | TAGUE JOHN P | Grant | 54 | $133.51 |
| 2025-07-16 | VIEIRA DONNA F | Grant | 2 | $133.51 |
| 2025-07-08 | Dragisich Dominic | Option exercise | 4.9K | $91.28 |
| 2025-07-08 | Dragisich Dominic | Sell | 4.9K | $132.72 |
| 2025-07-03 | Dragisich Dominic | Option exercise | 100 | $91.28 |
| 2025-07-03 | Dragisich Dominic | Sell | 100 | $132.47 |
| 2025-07-03 | Koch Monte JM | Grant | 834 | $131.71 |
| 2025-07-03 | Smith Gordon | Grant | 1.2K | $131.79 |
| 2025-07-03 | Maureen Sullivan | Grant | 436 | $131.67 |
| 2025-07-01 | Dragisich Dominic | Sell | 3.6K | $128.57 |
| 2025-07-01 | Dragisich Dominic | Sell | 1.4K | $128.45 |
| 2025-06-06 | Dragisich Dominic | Option exercise | 953 | $104.87 |
| 2025-06-06 | Dragisich Dominic | Tax withheld | 776 | $128.64 |
| 2025-05-19 | SHAMES ERVIN R | Sell | 2.0K | $129.56 |
| 2025-05-18 | Bainum Brian | Other | 415 | — |
| 2025-05-18 | Bainum Brian | Other | 415 | — |
| 2025-05-16 | Bainum Brian | Other | 412 | — |
| 2025-05-16 | Bainum Brian | Other | 412 | — |
| 2025-05-15 | VIEIRA DONNA F | Grant | 1.4K | — |
| 2025-05-15 | Bainum Brian | Other | 1.4K | $128.28 |
| 2025-05-15 | TAGUE JOHN P | Grant | 1.4K | — |
| 2025-05-15 | Maureen Sullivan | Grant | 1.4K | — |
| 2025-05-15 | Smith Gordon | Grant | 1.4K | — |
| 2025-05-15 | SHAMES ERVIN R | Grant | 1.4K | — |
| 2025-05-15 | Landsman Liza | Grant | 1.4K | — |
| 2025-05-15 | Koch Monte JM | Grant | 1.4K | — |
| 2025-05-15 | JEWS WILLIAM L | Grant | 1.4K | — |
| 2025-04-16 | VIEIRA DONNA F | Grant | 1 | $126.75 |
| 2025-04-16 | Smith Gordon | Grant | 7 | $126.75 |
| 2025-04-16 | Maureen Sullivan | Grant | 17 | $126.75 |
| 2025-04-16 | Landsman Liza | Grant | 14 | $126.75 |
| 2025-04-16 | Koch Monte JM | Grant | 22 | $126.75 |
| 2025-04-16 | Cimerola Patrick | Grant | 47 | $126.75 |
| 2025-04-16 | TAGUE JOHN P | Grant | 57 | $126.75 |
| 2025-04-16 | SHAMES ERVIN R | Grant | 91 | $126.75 |
| 2025-04-16 | JEWS WILLIAM L | Grant | 14 | $126.75 |
| 2025-03-04 | Oaksmith Scott E | Sell | 1.8K | $144.40 |
| 2025-03-02 | BAINUM STEWART JR | Other | 2.3K | — |
| 2025-03-02 | Pacious Patrick | Tax withheld | 19K | $140.71 |
| 2025-03-02 | Dragisich Dominic | Tax withheld | 9.1K | $140.71 |
| 2025-03-02 | WU Simone | Tax withheld | 2.0K | $140.71 |
| 2025-03-02 | Scozzafava Anna | Tax withheld | 282 | $140.71 |
| 2025-03-02 | Oaksmith Scott E | Tax withheld | 1.7K | $140.71 |
| 2025-03-02 | Ramirez Sanchez Raul | Tax withheld | 719 | $140.71 |
| 2025-03-02 | BAINUM STEWART JR | Other | 2.3K | — |
| 2025-02-27 | BAINUM STEWART JR | Grant | 2.4K | $143.27 |
| 2025-02-27 | WU Simone | Grant | 4.4K | — |
| 2025-02-27 | Ramirez Sanchez Raul | Grant | 2.4K | — |
| 2025-02-27 | Scozzafava Anna | Grant | 786 | — |
| 2025-02-27 | Pacious Patrick | Grant | 3.6K | — |
| 2025-02-27 | Cimerola Patrick | Grant | 4.1K | — |
| 2025-02-27 | Pacious Patrick | Grant | 6.8K | — |
| 2025-02-27 | Pacious Patrick | Grant | 14K | — |
| 2025-02-27 | Pacious Patrick | Grant | 1.7K | — |
| 2025-02-27 | Oaksmith Scott E | Grant | 3.4K | — |
| 2025-02-27 | Dragisich Dominic | Grant | 1.8K | — |
| 2025-02-27 | Dragisich Dominic | Grant | 14K | — |
| 2025-02-27 | Dragisich Dominic | Grant | 426 | — |
| 2025-02-25 | Pacious Patrick | Tax withheld | 674 | $148.16 |
| 2025-02-25 | Pacious Patrick | Option exercise | 1.2K | $81.55 |
| 2025-02-25 | Dragisich Dominic | Option exercise | 3.5K | $91.28 |
| 2025-02-25 | Dragisich Dominic | Sell | 2.8K | $148.11 |
| 2025-02-25 | Dragisich Dominic | Sell | 600 | $148.98 |
| 2025-02-25 | Dragisich Dominic | Sell | 100 | $149.61 |
| 2025-01-16 | VIEIRA DONNA F | Grant | 1 | $143.64 |
| 2025-01-16 | VIEIRA DONNA F | Grant | 0 | $142.84 |
| 2025-01-16 | Smith Gordon | Grant | 6 | $143.64 |
| 2025-01-16 | Smith Gordon | Grant | 0 | $142.84 |
| 2025-01-16 | Maureen Sullivan | Grant | 15 | $143.64 |
| 2025-01-16 | Maureen Sullivan | Grant | 1 | $142.84 |
| 2025-01-16 | Landsman Liza | Grant | 12 | $143.64 |
| 2025-01-16 | Landsman Liza | Grant | 1 | $142.84 |
| 2025-01-16 | Koch Monte JM | Grant | 19 | $143.64 |
| 2025-01-16 | Koch Monte JM | Grant | 1 | $142.84 |
| 2025-01-16 | Cimerola Patrick | Grant | 31 | $143.64 |
| 2025-01-16 | Cimerola Patrick | Grant | 2 | $142.84 |
| 2025-01-16 | TAGUE JOHN P | Grant | 48 | $143.64 |
| 2025-01-16 | TAGUE JOHN P | Grant | 2 | $142.84 |
| 2025-01-16 | SHAMES ERVIN R | Grant | 76 | $143.64 |
| 2025-01-16 | SHAMES ERVIN R | Grant | 4 | $142.84 |
| 2025-01-16 | JEWS WILLIAM L | Grant | 12 | $143.64 |
| 2025-01-16 | JEWS WILLIAM L | Grant | 1 | $142.84 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-21 | 5.03Shareholder voteExhibits | filing ↗ |
| 2026-05-20 | Exec/director changeExhibits | filing ↗ |
| 2026-04-30 | ResultsExhibits | filing ↗ |
| 2026-02-20 | Exec/director change | filing ↗ |
| 2026-02-19 | ResultsExhibits | filing ↗ |
| 2026-01-06 | Exec/director change | filing ↗ |
| 2025-11-05 | ResultsReg FDExhibits | filing ↗ |
| 2025-08-06 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-21 | 2026-05-21 | 0001193125-26-234741 ↗ |
| 8-K | 2026-05-20 | 2026-05-20 | 0001193125-26-232581 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001046311-26-000019 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001046311-26-000017 ↗ |
| 8-K | 2026-02-20 | 2026-02-20 | 0001628280-26-010118 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001046311-26-000006 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0001046311-26-000008 ↗ |
| 8-K | 2026-01-06 | 2025-12-31 | 0001628280-26-000795 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001046311-25-000028 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001046311-25-000030 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001046311-25-000021 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001046311-25-000023 ↗ |