Choice Hotels Announces Armed Services Program Including Elite Gold Status Special BenefitsChoice Hotels International, Inc. is proud to announce a new permanent Armed Services program as part of its Choice Privileges rewards program. Effective immediately, active duty or reserve military members, retired military, National Guard, U.S. Coast Guard, as well as eligible spouses and dependents can join the Choice Privileges rewards program at the Elite Gold level, a level that normally requires 10 hotel nights per year.*
(quote) This program is our way of giving back to the men and women who give so much for our country, (quote) said Greg Brown, vice president of Choice Privileges for Choice Hotels. (quote) We*re very proud to be able to offer the new Armed Services program with the Elite Gold membership and all the special benefits that go along with it. (quote)
As part of the new Armed Services Choice Privileges program, members receive a 10 percent point bonus on qualifying stays at over 5,000 locations across all ten Choice Hotels brands, exclusive Elite customer service and reservations phone numbers, and exclusive Elite member offers.
(quote) Choice Hotels International is delighted to go this extra mile to honor all of the current and past service people who have done so much for each of us, (quote) said Mary Sarkis, regional vice president of marketing programs for Choice Hotels.
Choice Hotels Announces Armed Services Program Including Elite Gold Status Special Benefits
Along with the special Elite Gold benefits of the Armed Services program, Choice Privileges members also receive free high-speed Internet access (excluding Rodeway Inn hotels), extended check-out, complimentary newspaper (excluding Suburban Extended Stay hotels), and express reservations and check-in as part of their standard membership.
Choice Privileges is Choice Hotels* free rewards program where members earn points towards free nights (no blackouts), Airline Rewards, gift cards/certificates to over 350 merchants and more, while staying at Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brand hotels throughout the U.S. (including Hawaii), Canada, Europe**, Mexico and the Caribbean.
Choice Hotels International Increases Dividend By 9 PercentChoice Hotels International, Inc., (NYSE: CHH) parent company of Comfort Inns, today announced that its Board of Directors has approved a 9 percent increase in the quarterly cash dividend on the companys common stock, representing an increase from $0.17 to $0.185 per share, effective with the dividend payable on October 17, 2008 to shareholders of record on October 3, 2008. The increase will result in a projected annual dividend of $0.74 per share for the twelve month period commencing with the fourth quarter of 2008 through and including the third quarter of 2009. The increase represents a 9 percent increase from the dividend per share of $0.68 per annum for the same period of the previous year.
(quote) For the fifth consecutive year, we have increased our quarterly dividend, a key element of our long-term approach to shareholder value creation, (quote) said Stephen P. Joyce, president and chief executive officer, Choice Hotels International. (quote) We are extremely well-positioned for continued growth as a result of our proven business model coupled with a stable of ten established, segmented brands and a track record of predictable, profitable growth in a variety of lodging and economic cycles. (quote)
The company may revisit its dividend policy in response to changes in market conditions or future tax law changes, but remains committed to utilizing the strong cash flows it has historically generated to return excess capital to its shareholders.
Safford, Arizona Comfort Inn Packed at Grand OpeningOn August 6, 2008, the proud owners of three hotels already in Graham County, Arizona opened the doors to a fourth, the Comfort Inn and Suites in Safford, and it has been booked full ever since. This Hotel is typical of a Comfort inn because they are comfortable, the staff is friendly, and the prices are ridiculously affordable for the package that is received. The proud owners of the new Safford Comfort Inn also own the Manor House and Rocking Horse Saloon, Days Inn, and a Quality Inn. Mary Lou and Dean Krieg have been in the hotel business for 34 years, so they are no strangers to grand openings and packed hotels.
Mary Lou Krieg said, We have always tried to stay in par of Saffords growth, and this is just evidence of our vision. Obviously the Kriegs have done very well in the hotel industry.
The guest rooms of the new Comfort Inn consist of coffeepots, blow dryers, and flat screen televisions. The suites include a wet bar and two flat screen televisions. There are a total of 22 suites and 88 guest rooms. There is also an outdoor pool and hot tub, as well as a fitness room.