Thomas Barwick Summary I am neutral on Choice Hotels International (NYSE:CHH). My summarized thesis is that CHH will continue to suffer from macro pressure in the near term, and the stock will trade at a discount to peers because of the relative underperformance. Company overview CHH is a hotel franchisor with franchise agreements and owned hotels under various brands that has presence across the economy, midscale, upper midscale, and upscale chain scale hotels. As of 2Q24, CHH has a total room capacity ...