Another vestige of Carlson travel empire sold, this one to Amex spinoff for $570M [Yahoo! Finance]
Choice Hotels International, Inc. (CHH)
Last choice hotels international, inc. earnings: 2/18 08:12 am
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Source: Yahoo! Finance
rival American Express Global Business Travel for $570 million, the companies announced Monday. The merger, which should close in the latter half of this year, blends two of the biggest corporate travel entities. CWT, formerly Carlson Wagonlit Travel, started in its current form in the mid-1990s and touts 4,000 customers with a projected revenue of approximately $850 million this year. American Express spun off its global business travel (GBT) sector as a joint venture with an investor group in 2014, and GBT has rapidly grown through various mergers and acquisitions since. CWT was not reachable for comment, including on if its global headquarters will remain in the state, if this will affect any jobs or if the CWT name will survive. American Express said the deal means CWT customers will have access to its proprietary software and services. "Joining forces with Amex GBT helps accelerate our vision of a tech-enabled future for business travel, where people and technology combin
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CHH
News
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Choice Hotels International, Inc. (NYSE: CHH)PR Newswire
- Choice Hotels International Unveils Year of Sustainability Milestones in Newly Published 2023 Environmental, Social, and Governance Report [Yahoo! Finance]Yahoo! Finance
- Choice Hotels International Unveils Year of Sustainability Milestones in Newly Published 2023 Environmental, Social, and Governance ReportPR Newswire
- Investing in Choice Hotels International (NYSE:CHH) five years ago would have delivered you a 45% gain [Yahoo! Finance]Yahoo! Finance
- Choice Hotels International, Inc. (NYSE: CHH) had its price target lowered by analysts at Robert W. Baird from $140.00 to $137.00. They now have an "outperform" rating on the stock.MarketBeat
CHH
Earnings
- 2/20/24 - Beat
CHH
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- CHH's page on the SEC website