Cambria Hotel Calabasas — Photo by Cambria Hotel Calabasas

Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, has signed an agreement with Rondell Oasis, LLC, which is managed by the Malibu based Weintraub Real Estate Group, to develop a new Cambria Hotel in Calabasas, Calif. The three-story, 121-room Cambria property will be located at 26300 Rondell Road.