Choice Hotels International Announces Agreement to Transition Choice Hospitality India to Wholly-Owned Subsidiary
Choice Hotels International, Inc. (NYSE:CHH) today announced that it has agreed to acquire the remaining 60 percent ownership interest in Choice Hospitality (India) Ltd. Choice Hospitality India serves as the master partner and franchisor of Choice's hotel brands in India, and after the completion of the transaction, the entity will be operated as a wholly-owned subsidiary.