Choice Ups Q4 Profits on 10% Rise in Revenues
From Washington Business Journal:
RevPAR Climbs 9.7%
Silver Spring-based Choice Hotels International Inc., whose franchise brands include Comfort Inn and Econo Lodge, saw a healthy increase in business at its hotels and forecasts rising business for the new year. Choice Hotels had fourth quarter net income of $24.1 million, or 41 cents per share, compared to $23.6 million, or 40 cents per share a year earlier. Revenue rose 10 percent to $155 million. Click here for the full story.
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