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Choice Hotels to Acquire WoodSpring Suites Brand and Franchise Business

ROCKVILLE, Md. (December 18, 2017) – Choice Hotels International (NYSE: CHH), one of the world’s largest hotel companies, today announced that it has reached a definitive agreement to acquire the brand and franchise business of WoodSpring SuitesSM from WoodSpring Hotels Holdings LLC, a portfolio company of Lindsay Goldberg, for approximately $231 million, subject to customary adjustments.
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