Choice Hotels Launches Extended Stay Brand, Suburban Studios

Choice Hotels International Inc CHH has rebranded its Suburban Extended Stay Hotel brand to Suburban Studios.
Suburban Studios offers several benefits to help developers diversify their portfolios and take advantage of growth opportunities within the highly sought-after extended-stay segment.
Choice Hotels currently has more than 70 Suburban Extended Stay properties in its portfolio.
Choice Hotels plans to open the first Suburban Studios hotel in Chicago, Illinois, later in 2022 and expects to add more than 27 Suburban Studio Hotels.
Price Action: CHH shares are trading higher by 2.59% at $141.67 on the last check Wednesday.