Choice Hotels International
Headquarters: 1 Choice Hotels Circle
Rockville, MD 20850
CEO: Stephen Joyce
Stock Symbol: CHH
Choice Hotels International franchises more than 6,300 hotels, representing more than 500,000 rooms, in the United States and more than 35 other countries and territories.
The company's hotel brands include: Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn. The company's Ascend Hotel Collection membership program serves guests worldwide at 125 independent hotels.
As of December 31, 2013, 422 hotels, representing more than 31,000 rooms, were under construction, awaiting conversion or approved for development in the United States. Additionally, 81 hotels, representing approximately 7,200 rooms, were under construction, awaiting conversion or approved for development in more than 15 other countries and territories.
Choice Hotels International offers the Choice Privileges rewards program with more than 17 million members worldwide.
In 2013, the company reported total revenues of $724.3 million, up 5%, and net income of $112.6 million. Average daily room rates for all brands was $83.21 in 2013 with 56.3% average occupancy.
Choice's business began as a marketing cooperative formed by a group of Florida motor court owners in 1941. Operating under the name Quality Courts United — the nation's first hotel chain — the owners sought to refer business to each other's hotels and establish service standards for their properties in order to better meet the needs and expectations of their guests.
In 1963, Quality Courts goes from a non-profit organization to a for-profit corporation and changes its name to Quality Courts Motels, Inc. Stock is sold for the first time to members and employees.
In 1972, Quality Courts Motels changes its name to Quality Inns International to reflect its growing global presence. The company's first European hotel, the Quality Motel in Ratigen, West Germany, opens.
In 1980, Quality Inn becomes a wholly-owned subsidiary of Manor Care.
In 1990, Quality Inn International is renamed Choice Hotels International.
In 1996, Choice is spun off from Manor Care as a separate publicly traded company with its own board of directors and traded management structure. On Nov. 4, 1996, Choice stock begins trading on the New York Stock Exchange under the ticker symbol CHH.
The company moved to a new headquarters building in April 2013.
Employees can stay at Choice hotels at a discounted rate.
401(k) plan -- You will become eligible to participate in the plan after 3 months of employment with the company. As a participant, you may save up to the IRS annual maximum of $17,000 a before-tax basis. Associates over age 50 may contribute additional $5,500 into the plan as a "catch-up contribution".
The company will match your pre-tax salary reduction contributions (excluding "catch-up" contributions) to your 401(k) account. The company matching contribution will be an amount equal to 100% of your contributions up to 3% of your compensation, plus 50% of your contributions on the next 2% of your compensation.
Your pre-tax salary reduction contributions to the 401(k) Plan (including any "catch-up" contributions) are 100% vested. The company matching contribution is fully vested.
Health and Welfare
As a new associate, your health benefits will begin on the first of the month following 3 months of service with Choice. Our extensive Health and Welfare benefit package consists of:
Medical Coverage — Medical insurance covers health care costs for you and your dependents in the event of illness or
injury. Our medical program, offered through Cigna, contains both a Consumer Driven Health Plan and Health Savings
Account (HSA). Prescription drug coverage is a part of this plan.
Dental Coverage — Our dental insurance, offered through Cigna, covers preventive and diagnostic services for you and
your eligible dependents. Orthodontic benefits are available for dependent children.
Vision Coverage — The Choice vision plan is offered through VSP, a leading vision coverage provider.
The plan provides coverage to you and your eligible dependents for routine eye exams, contacts, glasses and much more.
Covered associates also have access to a Computer Vision benefit - a separate exam and glasses designed to reduce eye
strain from computer use.
Life Insurance — Life insurance pays benefits to designated beneficiaries upon your death or that of your spouse or
dependent children. Choice provides you, at no cost to you, life insurance coverage equal to your annual base, $2,000
coverage for your spouse and $1,000 coverage for each of your eligible dependent children. You may purchase additional
life insurance coverage for yourself, your spouse and your children if you wish.
Accidental Death & Dismemberment Insurance — Accidental Death and Dismemberment (AD&D) coverage provides a benefit if you, or your covered spouse or child, are seriously injured or die as a result of an accident. Choice provides AD&D coverage equal to your annual base pay at no cost to you. You may purchase additional AD&D coverage for yourself, your spouse, and your children if you wish.
Flexible Spending Accounts — Choice Hotels offers reimbursement accounts or Flexible Spending Accounts (FSAs) for
health care expenses or for dependent care expenses. You may fund these spending accounts with pre-tax dollars, exempt
from federal, state (in most cases) and Social Security taxes. By reimbursing yourself from your pre-tax savings
account, you are able to pay eligible expenses tax-free. (Participation in the Health Savings Account (HSA) will limit
your participation within the FSA).
Short Term Disability — Choice offers disability coverage to provide income protection in the event of an unexpected
illness or non-work related injury that keeps you from working. Benefits may continue up to 26 weeks.
Long Term Disability — Long Term Disability is provided to salaried and certain professional-level non-exempt associates.
The plan provides income protection in the event of an unexpected illness or non-work related injury that keeps you
from working. Benefits begin after six consecutive months of total disability, the benefit may continue until age 65.
Legal Services — Through the legal services plan, you may access a national network of attorneys and obtain certain
services and counsel at little or no cost. If you elect family coverage, your spouse and dependent children are also
eligible for most services.
Employee Assistance Program (EAP) — Choice recognizes that there are times when associates may face difficult challenges.
Choice's EAP is a confidential, third-party, referral program designed to help associates and family members with a
wide variety of issues, including financial concerns, alcohol or drug problems, marital problems, illness, or
As part of our comprehensive benefits package, we offer the following paid leave benefits:
Holiday Pay — Full-time associates are compensated for observed holidays.
Vacation — Choice provides all full-time associates time off
with pay based on your length of service with the company.
Personal Leave — Each year full-time associates are eligible
for paid personal leave in accordance with your length of service with the company.
Sick Leave — Choice Hotels provides 8 days of sick leave per year
for full-time associates unable to work due to illness or injury.
Converting Sick Time to Vacation Time — Associates can choose to
convert extra sick time at 2:1 ratio up to 64 hours of sick time. This gives a choice associate the opportunity
to receive up to an extra 4 days of vacation time.
Volunteer Release Leave — Choice is committed to its role as a good
corporate citizen and believes that providing paid leave time for volunteerism fosters a sense of community spirit
and involvement among associates, also that such involvement is beneficial to the associate, the community, and Choice.
Jury and Witness Duty — Choice offers up to ten days
(in a twelve month period) paid time off to serve Jury Duty or Witness Duty to all full-time associates with more
than 90 days of active service.
Bereavement Pay — Choice provides full-time associates with paid time
off in the event of a death of an immediate family member.
Updated May 21, 2014