5 Largest Hotel Chains in the US in 2022

4. Choice Hotels International, Inc. (NYSE:CHH)

Number of Hedge Fund Holders: 22

Number of Properties in the U.S.: 5,550

Choice Hotels International, Inc. (NYSE:CHH) is a Rockville, Maryland-based hospitality company that is one of the largest hotel chains in the U.S.

While Choice Hotels International, Inc. (NYSE:CHH) missed the EPS forecast for Q3 2022, the company outperformed the top-line estimates for the quarter. Like other hotel chains, Choice Hotels International, Inc.’s (NYSE:CHH) YoY improvement in RevPAR was strong, increasing by 18.3%. Furthermore, the stellar performance of the upscale segment reflects that the company’s acquisition of Radisson Hotel Group Americas was the right decision. Choice Hotels International, Inc.’s (NYSE:CHH) pipeline for the extended stay segment observed an increase of 45% YoY to 470 units.

Here’s what Baron Funds said about Choice Hotels International, Inc. (NYSE:CHH) in its Q2 2022 investor letter:

“Shares of hotel franchisor Choice Hotels International, Inc. (NYSE:CHH) declined on investor concerns around a possible economic slowdown or recession. We retain conviction. Choice is not experiencing a slowdown in visitation or spend levels at its properties and continues to generate strong results. The company recently acquired the Radisson hotel brand in the Americas, an asset-light transaction that should add significantly to shareholder value.”