In a bid to augment its European portfolio, Silver Spring,
Choice Hotels International Inc.
(CHH) recently inked a franchise agreement with Akkeron Hotels
By virtue of this alliance, 21 Bluegreen Vacation Club resorts
will be included as properties in the Choice Hotels Ascend Hotel
Collection. Bluegreen will continue to manage and operate these
21 resorts while broadening the destinations available in the
Ascend Hotel Collection to include Aruba, Las Vegas, Miami,
Orlando, Cape Cod, Phoenix, Savannah, GA, Myrtle Beach, S.C. and
Positioned in Bristol, Bury St. Edmunds, Colchester, Peterborough
and Kings Lynn, five Akkeron branded properties will be running
under the company's Quality brand while Winchester, Darlington,
Ringwood and Stevenage based on other four properties will be
operating under the Clarion Collection brand. The company will
start operating these properties by the end of this year.
With this agreement, the company's UK hotel portfolio will
witness an increase of 25% annually with the inclusion of 611 new
guestrooms. This agreement is in line with the company's strategy
to further expand its business in Europe.
In Europe, Choice Hotels operates under various brand names like
Comfort Inn, Comfort Suites, Quality and Clarion. Nearly 500
hotels are now under the franchise agreement with the company in
Recently, Choice Hotels inked a marketing agreement with
) operational arm Bluegreen Vacations and Bluegreen Resorts
As per the agreement, the company will be operating 21 Bluegreen
Vacation Club Resorts under its Ascend Hotel Collection brand
across various travel destinations including Aruba, Las Vegas,
Miami, Orlando, Cape Cod, Phoenix, Savannah, Ga. and Myrtle
As of Sept 30, 2012, Choice Hotels, the leading franchisor of
hotel properties, has franchised around 6,199 hotels.
Choice Hotels carries a Zacks Rank #2 (Buy). Various other
hoteliers who are also trying to expand their businesses further,
Hyatt Hotels Corporation
) which carry a Zacks Rank #2 (Buy) and
The Marcus Corporation
) which holds a Zacks Rank #1 (Strong Buy).
(We are reissuing this article to correct a mistake. The
original article should no longer be relied upon.)
BLUEGREEN CORP (BXG): Free Stock Analysis
CHOICE HTL INTL (CHH): Free Stock Analysis
HYATT HOTELS CP (H): Free Stock Analysis
MARCUS CORP (MCS): Free Stock Analysis Report
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