Choice Hotels Files 2023 10-K, Details Revenue Streams

TL;DR

**Choice Hotels just dropped its 2023 10-K, giving us the full financial picture for the year!**

AI Summary

CHOICE HOTELS INTERNATIONAL INC /DE filed its 10-K on February 20, 2024, for the fiscal year ended December 31, 2023. The filing details revenue streams including Royalty, Licensing, and Management Fees, and Initial Franchise Fees. The company, based in North Bethesda, MD, operates in the Hotels & Motels industry.

Why It Matters

This filing provides a transparent look into Choice Hotels' financial performance and operational structure, crucial for investors to assess its stability and growth potential in the competitive hospitality sector.

Risk Assessment

Risk Level: medium — The filing itself doesn't detail specific risks, but the hotel industry faces inherent risks like economic downturns and travel pattern changes.

Key Numbers

• 2023-12-31 — Fiscal Year End (Indicates the period covered by the financial report.)
• 146 — Public Document Count (Shows the volume of information included in the filing.)
• 001-13393 — SEC File Number (Unique identifier for the company's SEC filings.)
• 3015925000 — Business Phone (Direct contact for the company's business operations.)

Key Players & Entities

• CHOICE HOTELS INTERNATIONAL INC /DE (company) — Filer of 10-K
• February 20, 2024 (date) — Filing date
• December 31, 2023 (date) — Conformed period of report end date
• North Bethesda, MD (company) — Business address city and state
• 0001046311 (company) — Central Index Key (CIK)
• Hotels & Motels (company) — Standard Industrial Classification

FAQ

From the Filing

0001046311-24-000010.txt : 20240220 0001046311-24-000010.hdr.sgml : 20240220 20240220164003 ACCESSION NUMBER: 0001046311-24-000010 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 146 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240220 DATE AS OF CHANGE: 20240220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC /DE CENTRAL INDEX KEY: 0001046311 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 521209792 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13393 FILM NUMBER: 24654217 BUSINESS ADDRESS: STREET 1: 915 MEETING STREET STREET 2: SUITE 600 CITY: NORTH BETHESDA STATE: MD ZIP: 20852 BUSINESS PHONE: 3015925000 MAIL ADDRESS: STREET 1: 915 MEETING STREET STREET 2: SUITE 600 CITY: NORTH BETHESDA STATE: MD ZIP: 20852 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS FRANCHISING INC DATE OF NAME CHANGE: 19971118 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC/ DATE OF NAME CHANGE: 19971022 10-K 1 chh-20231231.htm 10-K chh-20231231 CHOICE HOTELS INTERNATIONAL INC /DE 0001046311 2023 FY FALSE http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent 0001046311 2023-01-01 2023-12-31 0001046311 2023-06-30 iso4217:USD 0001046311 2024-02-14 xbrli:shares 0001046311 chh:RoyaltyLicensingAndManagementFeesMember 2023-01-01 2023-12-31 0001046311 chh:RoyaltyLicensingAndManagementFeesMember 2022-01-01 2022-12-31 0001046311 chh:RoyaltyLicensingAndManagementFeesMember 2021-01-01 2021-12-31 0001046311 chh:InitialFranchiseFeesMember 2023-01-01 2023-12-31 0001046311 chh:InitialFranchiseFeesMember 2022-01-01 2022-12-31 0001046311 chh:InitialFranchiseFeesMember 2021-01-01 2021-12-31 0001046311 chh:PlatformAndProcurementServicesFeesMember 2023-01-01 2023-12-31 0001046311 chh:PlatformAndProcurementServicesFeesMember 2022-01-01 2022-12-31 0001046311 chh:PlatformAndProcurementServicesFeesMember 2021-01-01 2021-12-31 0001046311 chh:OwnedHotelsMember 2023-01-01 2023-12-31 0001046311 chh:OwnedHotelsMember 2022-01-01 2022-12-31 0001046311 chh:OwnedHotelsMember 2021-01-01 2021-12-31 0001046311 chh:OtherRevenueTopic606AndNotTopic606Member 2023-01-01 2023-12-31 0001046311 chh:OtherRevenueTopic606AndNotTopic606Member 2022-01-01 2022-12-31 0001046311 chh:OtherRevenueTopic606AndNotTopic606Member 2021-01-01 2021-12-31 0001046311 chh:OtherRevenuesFromFranchisedAndManagedPropertiesMember 2023-01-01 2023-12-31 0001046311 chh:OtherRevenuesFromFranchisedAndManagedPropertiesMember 2022-01-01 2022-12-31 0001046311 chh:OtherRevenuesFromFranchisedAndManagedPropertiesMember 2021-01-01 2021-12-31 0001046311 2022-01-01 2022-12-31 0001046311 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0001046311 2023-12-31 0001046311 2022-12-31 0001046311 2021-12-31 0001046311 2020-12-31 0001046311 us-gaap:CommonStockMember 2020-12-31 0001046311 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001046311 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001046311 us-gaap:TreasuryStockCommonMember 2020-12-31 0001046311 us-gaap:RetainedEarningsMember 2020-12-31 0001046311 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001046311 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001046311 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001046311 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001046311 us-gaap:TreasuryStockCommonMember 2021-01-01 2021-12-31 0001046311 us-gaap:CommonStockMember 2021-12-31 0001046311 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001046311 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001046311 us-gaap:TreasuryStockCommonMember 2021-12-31 0001046311 us-gaap:RetainedEarningsMember 2021-12-31 0001046311 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001046311 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12