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Choice Hotels International pursues its development in 2015

566 new domestic franchise agreements have been signed by the company last year.

Choice Hotels International announced the opening of 478 domestic and international properties in 2014. The outlook for future growth is also robust based on the 566 new domestic franchise agreements signed by the company last year. 159 of the signed contracts were for new construction hotels, for an increase by more than 70-percent over the same period in 2013.

Among the most notable gains in 2014 are ten new construction development agreements signed with Love's Hospitality, LLC, the hotel development and management division of travel center conglomerate Love's Travel Stops & Country Stores, which operates more than 300 travel centers in 39 states, generating more than $26 billion annually. These multiple agreements include projects with the Comfort brand, Sleep Inn and Choice's innovative MainStay Suites & Sleep Inn dual-brand concept.

Upscale business traveler brand Cambria Hotel & Suites continues to surge, opening five new hotels with topnotch developers in key corporate travel destinations such as Washington, D.C., White Plains, New York and Plano, Texas. These hotels have been developed and are being operated by award-winning hospitality partners Meyer Jabara Hotels, Concord Hospitality and O'Reilly Hospitality Management, respectively. This year, two more Cambria properties are scheduled to open in Manhattan in addition to the brand's flagship property in Rockville, Maryland across from Choice Hotels International Headquarters. On the development front, Choice executed several new Cambria franchise agreements, including four with institutional capital advisory firm, Fillmore Capital. Notable 2014 deal signings include leading travel destinations such as Miami, New Orleans, Nashville, and Houston.
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