Choice Hotels International, Inc. (NYSE: CHH), a leading worldwide lodging company, announced that its board of directors has approved a 5 percent increase in the quarterly cash dividend on the company's common stock from $0.205 per share to $0.215 per share, effective with the dividend payable on January, 18, 2017, to shareholders of record on January 4, 2017. This increase will result in a projected annual dividend rate of $0.86 per annum.

In addition, Choice Hotels' board of directors also approved increasing the number of shares authorized under its long-standing share repurchase program by 3 million shares.

About Choice Hotels

Choice Hotels International, Inc. (NYSE: CHH) is one of the world's largest lodging companies. With more than 6,400 hotels franchised in more than 40 countries and territories, Choice Hotels International represents more than 500,000 rooms around the globe. As of September 30, 2016, 745 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 guest needs. With more than 28 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.