Choice Hotels reports good year

Daily Record Staff//February 11, 2013//

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Silver Spring-based Choice Hotels International reported increased annual earnings and a record number of franchise contracts Monday as it released its fourth-quarter and full-year results for the year ended Dec. 31.

Diluted earnings per share for the year were $2.11, compared with $1.92 for the previous year; for the quarter, there was a slight dip to 45 cents from 46 cents in the corresponding period of 2011.

The company said it executed 473 new domestic hotel franchise contracts for the year, up from 332 the prior year.

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