Choice Hotels Signs Largest Minority Multi-Unit Franchise Agreement In Program History

Choice Hotels International, Inc.'s (NYSE: CHH) emerging markets franchise development program has awarded a contract to Fredric Washington to develop six hotels. This new contract with an African American entrepreneur represents the largest minority multi-unit franchise agreement executed in the program's history.
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Residence Inn Boston Cambridge Sold For $107.5 Million

Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key.
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