Choice Hotels Considers Further Acquisitions to Sustain Growth
Photo Caption: The Cambria Hotel Copper Mountain opened in Colorado this year. Source: Choice Hotels.
Skift Take
Mergers hurt companies more often than help. Yet Choice Hotels seems to be the exception with its Radisson Americas merger so far. Expect Choice to be emboldened to do another deal. A European acquisition would be smart.
Choice Hotels considers its recent acquistion of Radisson Americas to be a success and is open to pursuing additional mergers and acquisitions to keep expanding its hotel empire, according to executives speaking Tuesday during a second-quarter earnings call.
"We've certainly developed a pretty strong capability within the company to rapidly integrate brands," said president and CEO Patrick Pacious.
In less than a year after saying it would acquire Radisson Americas for $675 million, Choice onboarded the nearly 600 Radisson Americas hotels into its reservations software platform and integrated the 2 award-winning loyalty programs.
Touting Merger GainsThe Rockville, Maryland-based hotel operator — whose 7,472 hotels span 22 brands, such as its flagship upper midscale brand Comfort and roadside midscale brands like Quality Inn — touted early merger gains.
Choice Hotels said it is ahead of schedule in integrating Radi
