Choice Merger With Radisson Americas Is on Track
Skift Take
- Choice Hotels to integrate nearly 600 Radisson Americas hotels onto its reservation delivery engine and loyalty program.
- Dauntless Capital Partners purchases Hilton Garden Inn Bethesda Downtown for immediate renovation.
- Excel Hotel Group plans to build a 130-room SpringHill Suites Hotel in Grover Beach, California.
The DJIA fell 74 points but Nasdaq was up 36, the S&P 500 was down a point and the 10-year treasury yield was down .06 to 3.71%. Lodging stocks were mixed. SOND was up 9%, VCSA was up 6% but SHCO was down -5% on the day to top the big movers.
Choice Hotels International, Inc. is on pace to integrate the nearly 600 Radisson Americas hotels onto its reservation delivery engine and its Choice Privileges loyalty program by the end of the summer. Choice is now on pace to complete several major integration milestones ahead of schedule. Full integration is expected by the end of the year. The following key steps are expected to be completed during the third quarter, within just a year of the acquisition: Radisson Americas properties will be bookable on ChoiceHotels.com and connected to the ChoiceEDGE central reservations system. The Radisson Rewards Americas loyalty program will be fully integrated within the Choice
