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Choice Hotels Expands Portfolio to Greece

Press Release   •   Nov 23, 2016 13:00 GMT

Choice Hotels Europe

LONDON. 23 NOVEMBER 2016 Choice Hotels Europe, the company behind the Comfort, Quality, Clarion and Ascend Collection brands in Europe and part of Choice Hotels International, Inc., announced today that it has signed a multi-unit development agreement with GVK Enterprises, a hospitality management and development firm, to introduce and establish a hotel portfolio in Greece.

Choice anticipates that the first property under the agreement will open by the summer of 2017 under a Comfort flag in Athens, and that thereafter four additional properties will be developed on the Greek mainland and islands under the Comfort, Quality and Clarion brands.

Mark Pearce, senior vice president, international division, for Choice Hotels, said: “We are thrilled to be expanding our European portfolio to Greece, an important travel and tourism destination that has shown signs of strong recovery and positive forecasts. Choice wants to support and participate in this recovery and we have every confidence that our brands will thrive in such a dynamic market.”

George Kontos, President, GVK Enterprises, said: “I’m delighted to work with Choice Hotels and bring their Comfort, Quality and Clarion brands to the Greek capital and islands.We look forward to helping them develop a portfolio of hotels that will appeal to international travelers visiting Greece for either business or pleasure. We are extremely proud to be able to bring Choice to a land filled with so much history and culture. Greece has always been one of the most popular tourism destinations and we look forward to sharing the food, hospitality and beaches with the rest of the world through the millions of guests of the Choice family.”

This agreement follows several other EMEA market portfolio expansions that Choice has announced in 2016.In April, the company announced it had signed an agreement to deliver approximately 25 hotels and 8,000 rooms in UAE and Saudi Arabia by 2021.Other deals signed include establishing multiple hotels in Belgium and the co-branding of 19 properties in Germany, Austria and Hungary under the Comfort and Quality brands.Choice recently launched its upscale Ascend Hotel Collection brand in the UK and France, with Turkey to follow in 2017.

The Choice Hotels Europe portfolio of franchised hotels offers business and leisure travellers a full spectrum of options from premium economy to upscale hotels. Choice Hotels Europe franchises nearly 500 hotels across Europe that are either open or under development. Brands franchised by Choice Hotels Europe include Clarion, which is full service upper-midscale, Quality, which provides a mid-scale full service offering, and Comfort, which is a limited service, mid-scale offering and the largest Choice Hotels International brand worldwide, known for value, customer service and reliability. Choice also provides guests with an upscale, boutique hotel offering through Ascend Hotel Collection, a portfolio of independent hotels located in key cities and destinations that provide a unique guest experience.

Choice Hotels International, Inc. (NYSE: CHH) is one of the world's largest lodging companies. With more than 6,500 hotels franchised in more than 40 countries and territories, Choice Hotels International represents more than 500,000 rooms around the globe. As of June 30, 2017, 792 hotels were in our development pipeline. Our company's Ascend Hotel Collection™, Cambria™ hotels & suites, Comfort Inn™, Comfort Suites™, Sleep Inn™, Quality™, Clarion™, MainStay Suites™, Suburban Extended Stay Hotel™, Econo Lodge™, Rodeway Inn™, and Vacation Rentals by Choice Hotels™ brands provide a spectrum of lodging choices to meet guests' needs. With more than 33 million members and counting, our Choice Privileges™ rewards program enhances every trip a guest takes, with benefits ranging from instant, every day rewards to exceptional experiences, starting right when they join. All hotels and vacation rentals are independently owned and operated. Visit us at www.ChoiceHotels.com for more information.

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