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Sydnee Gatewood
Sydnee Gatewood
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Ron Baron Comments on Choice Hotels International

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April 22, 2020 | About:
Shares of global hotel franchisor Choice Hotels International, Inc. (NYSE:CHH) decreased in the first quarter as investors worried over COVID-19’s impact on consumer travel. The company should have a smaller decline in business than lodging peers given 80% of its business is leisure travel and almost all of its hotels are in drive to markets. Choice continues to have a strong balance sheet, and we believe the business is in a good position to mitigate the effects of this downturn given its asset light, fee-based business model.

From Ron Baron (Trades, Portfolio)'s Baron Growth Fund first-quarter 2020 shareholder letter.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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