ROCKVILLE, Md., – Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, announced it has signed an agreement with Concord Hospitality and the Robert Finvarb Companies to develop a new Cambria hotel & suites in Durham, NC. The 146-room Cambria property will be located at 2306 Elba Street, and is expected to launch in fourth quarter 2016.

"Durham has escalated the revitalization of its downtown area in recent years, and we're excited to bring the fresh and upscale hotel offerings of Cambria hotels & suites to a city that is quickly growing with business and leisure travelers," said Michael Murphy, senior vice president, Upscale Brands, Choice Hotels International.

The Cambria Durham will be within walking distance to Duke University Hospital, one of the city's biggest employers. Additionally, it will offer guests excellent access to downtown Durham, the historic and geographic soul of the vibrant and artistic southern city that serves as home to several landmarks on the National Register of Historic Places. In addition, the city boasts a flourishing food and arts scene, hosting dozens of events throughout the year.

"We're thrilled to once again be partnering with Choice Hotels after our successful Cambria hotels & suites openings in New York City and Washington D.C.," said Mark Laport, chief executive officer and president of Concord Hospitality. "The Cambria Durham will embody the unique look and feel of the city and we look forward to bringing this memorable experience to our guests."

Designed as a business travel and leisure brand, all Cambria hotels & suites properties feature a larger lobby to give guests a more social atmosphere; oversized rooms with flexible spaces; and the latest technology that allows guests to stay connected while they travel.

"At Robert Finvarb Companies, we've sought to consistently develop high-quality properties that are able to thrive in their respective markets, and the backbone of the Cambria hotels & suites brand will allow us to deliver once again in theDurham area," said Robert Finvarb, owner. "We currently boast over 2,000 rooms in our hotels across the United States with an additional 600 rooms currently in development, and we look forward to adding more than 140 rooms for business and leisure travelers visiting North Carolina."

As with all Cambria hotels & suites, the Durham property will feature other fine amenities such as a contemporary bistro, Social Circle™, serving a menu comprised of local specialties created by Chef Michael DeMaria; liquor, wine, beer and freshly prepared grab-and-go gourmet salads and sandwiches; and a barista bar. This property will also boast 600 square feet of meeting space and a fitness center.

About Concord Hospitality Enterprises Company

As an award-winning hotel development, ownership and management company, Concord Hospitality Enterprises Company has spent the last three decades partnering with owners and its investors on more than $1 billion in in premium branded properties across the United States and Canada. As an operator, both for third party owners and partners, Concord Hospitality instills value from the ground up, developing and managing with a sustainable viewpoint, a focus on quality and a hands-on involvement to ensure long-term profitability. Learn more at concordhotels.com.

About Robert Finvarb Companies
Robert Finvarb Companies (RFC) is a private real estate investment and development company based in Miami, Florida. Robert Finvarb, founder of the company, started his development career in 2002. Since then, RFC has developed fourteen hotels containing approximately 2400 guestrooms that operate under various Marriott and Hyatt brands and are located in six states and the District of Columbia. Currently, RFC is developing three mixed-use projects that contain both hotel and retail components in New York City and South Florida. RFC has a reputation for developing high-quality, institutional grade assets and possesses a track record of success in all market cycles. As a private company, the principals invest their own equity in all projects and are personally involved in all phases of the project. In addition to developing its projects from the land acquisition stage to their opening, Learn more at www.robertfinvarbcompanies.co
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About Choice Hotels®

Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. The challenger in the upscale segment and a leader in midscale and extended stay, Choice® has over 7,500 hotels, representing more than 630,000 rooms, in 46 countries and territories. A diverse portfolio of 22 brands that range from full-service upper upscale properties to midscale, extended stay and economy enables Choice® to meet travelers' needs in more places and for more occasions while driving more value for franchise owners and shareholders. The award-winning Choice Privileges® rewards program and co-brand credit card options provide members with a fast and easy way to earn reward nights and personalized perks. For more information, visit www.choicehotels.com.

Forward-Looking Statements This communication includes "forward-looking statements" about future events, including anticipated development and hotel openings. Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and the other "Risk Factors" described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, any of which could cause actual results to be materially different from our expectations.

Scott Carman
+ 1 (301) 592-6361
Choice