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Choice Hotels (CHH) Boosts Presence in Nampa With New Hotel
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Choice Hotels International, Inc. (CHH - Free Report) recently announced the opening of Everhome Suites in Nampa, Idaho. This marks the brand's third hotel opening.
Developed in collaboration with Highside Companies, Everhome Nampa marks the first of eight planned properties. The four-story, 122-room hotel offers amenities such as fully-equipped kitchens, spa-style bathrooms, pet-friendly accommodations and contemporary lobby and outdoor spaces. The Nampa Hotel showcases the brand's Closer to Home design package, incorporating local community elements into its signature spaces.
The company is optimistic and anticipates the property to cater to the rising hotel demand driven by the flourishing commercial landscape and population expansion in the Boise region. Projections indicate that Nampa's population will reach an estimated 150,000 residents by 2040, propelled by recent migration trends and resulting in significant commercial development. The demand is expected to originate from various sectors, including healthcare, leisure and advanced manufacturing.
Choice Hotels' growth strategy hinges on the continuous expansion of its brand portfolio, with a particularly strong performance registered in the newest Extended Stay brand, Everhome Suites. With 60 Everhome Suites in various stages of development and an extended stay pipeline exceeding 400 properties across four brands, the company's growth potential is evident. The brand's traction and interest from commercial real estate investors underscore its potential for success.
Price Performance
Image Source: Zacks Investment Research
Year to date, shares of Choice Hotels have gained 3.8% compared with the industry’s 8.7% growth. A volatile macroeconomic environment primarily caused the downside. The company believes that if inflation rates rise moderately, it will likely lead to comparable or even higher increases in hotel room rates. CHH is monitoring future inflation trends and assessing any potential impacts. Also, interest rate changes and fluctuations in foreign currencies are a concern. Earnings estimates for 2024 have declined in the past 30 days, depicting analysts' apprehension regarding the stock’s growth potential.
Zacks Rank & Stocks to Consider
Choice Hotels currently carries a Zacks Rank #3 (Hold).
STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock has gained 49.5% in the past year. The Zacks Consensus Estimate for STRA’s 2024 sales and earnings per share (EPS) indicates an increase of 6.4% and 33.3%, respectively, from the year-ago levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has increased 85% in the past year.
The Zacks Consensus Estimate for RCL’s 2024 sales and EPS implies growth of 16.6% and 61.9%, respectively, from the year-ago levels.
Hasbro, Inc. (HAS - Free Report) presently sports a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 17.5%, on average. The stock has gained 19.4% in the year to date period.
The Zacks Consensus Estimate for HAS’ 2025 sales and EPS implies an improvement of 4% and 14.4 %, respectively, from the year-ago levels.
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Choice Hotels (CHH) Boosts Presence in Nampa With New Hotel
Choice Hotels International, Inc. (CHH - Free Report) recently announced the opening of Everhome Suites in Nampa, Idaho. This marks the brand's third hotel opening.
Developed in collaboration with Highside Companies, Everhome Nampa marks the first of eight planned properties. The four-story, 122-room hotel offers amenities such as fully-equipped kitchens, spa-style bathrooms, pet-friendly accommodations and contemporary lobby and outdoor spaces. The Nampa Hotel showcases the brand's Closer to Home design package, incorporating local community elements into its signature spaces.
The company is optimistic and anticipates the property to cater to the rising hotel demand driven by the flourishing commercial landscape and population expansion in the Boise region. Projections indicate that Nampa's population will reach an estimated 150,000 residents by 2040, propelled by recent migration trends and resulting in significant commercial development. The demand is expected to originate from various sectors, including healthcare, leisure and advanced manufacturing.
Choice Hotels' growth strategy hinges on the continuous expansion of its brand portfolio, with a particularly strong performance registered in the newest Extended Stay brand, Everhome Suites. With 60 Everhome Suites in various stages of development and an extended stay pipeline exceeding 400 properties across four brands, the company's growth potential is evident. The brand's traction and interest from commercial real estate investors underscore its potential for success.
Price Performance
Image Source: Zacks Investment Research
Year to date, shares of Choice Hotels have gained 3.8% compared with the industry’s 8.7% growth. A volatile macroeconomic environment primarily caused the downside. The company believes that if inflation rates rise moderately, it will likely lead to comparable or even higher increases in hotel room rates. CHH is monitoring future inflation trends and assessing any potential impacts. Also, interest rate changes and fluctuations in foreign currencies are a concern. Earnings estimates for 2024 have declined in the past 30 days, depicting analysts' apprehension regarding the stock’s growth potential.
Zacks Rank & Stocks to Consider
Choice Hotels currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Consumer Discretionary sector are:
Strategic Education, Inc. (STRA - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock has gained 49.5% in the past year. The Zacks Consensus Estimate for STRA’s 2024 sales and earnings per share (EPS) indicates an increase of 6.4% and 33.3%, respectively, from the year-ago levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has increased 85% in the past year.
The Zacks Consensus Estimate for RCL’s 2024 sales and EPS implies growth of 16.6% and 61.9%, respectively, from the year-ago levels.
Hasbro, Inc. (HAS - Free Report) presently sports a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 17.5%, on average. The stock has gained 19.4% in the year to date period.
The Zacks Consensus Estimate for HAS’ 2025 sales and EPS implies an improvement of 4% and 14.4 %, respectively, from the year-ago levels.