Choice Hotels International signs agreement with Entegra, the Largest Food Group Purchasing Organization, to Provide Greater Savings Opportunities to more than 5,000 franchised and managed Hotels

Rhea-AI Summary

Choice Hotels International (NYSE: CHH) has signed an agreement with Entegra, the world's largest food group purchasing organization. This partnership will provide Choice's 5,000+ franchised and managed hotels access to Entegra's digital platform, connecting them with over 3,000 suppliers worldwide. The collaboration aims to help hotel owners make informed food purchasing decisions, potentially reducing costs and improving business performance.

Entegra's CEO, Damien Calderini, emphasized their commitment to delivering procurement solutions and supply-chain expertise to enhance hospitality experiences. Choice Hotels' VP of Procurement, Anya Kroupnik, highlighted the potential for better pricing on products and improved operational support for franchisees, aligning with Choice's goal of reducing total ownership costs and enhancing guest satisfaction.

Positive

• Access to over 3,000 suppliers worldwide through Entegra's digital platform
• Potential cost savings on food purchases for Choice Hotels franchisees
• Improved operational support and business intelligence for hotel owners
• Alignment with Choice's strategy to reduce total cost of hotel ownership

Negative

• None.

NORTH BETHESDA, M.D.--(BUSINESS WIRE)-- Choice Hotels International, Inc., one of the world’s largest lodging franchisors, announced today it has signed an agreement with Entegra, the world’s largest food group purchasing organization. Choice branded hotel owners will now have access to over 3,000 suppliers worldwide on Entegra’s digital group purchasing organization platform. This agreement will help hotel owners make food purchasing decisions with confidence, all while potentially saving money and improving their overall business performance.

“Entegra is proud to partner with Choice Hotels, one of the largest and most successful lodging companies in the world,” said Entegra Global CEO Damien Calderini. “Through this program, our powerful suite of data and digital tools, procurement solutions, and supply-chain expertise will help Choice Hotels deliver opportunities for their franchisees to create memorable hospitality experiences for hotel visitors.”

“Through this agreement with Entegra, we’re looking forward to bringing even more value to our brands and franchisees, who may see better pricing on products and greater day-to-day operational support,” said Choice Hotels VP of Procurement Anya Kroupnik. “This will enable us to continue delivering on Choice’s promise of providing opportunities to reduce the total cost of hotel ownership and enhance guest satisfaction.”

“Clients choose Entegra for a wide range of products and services and stay with us because we offer more ways for them to be competitive and thrive,” said Jeff Porterfield, Entegra Senior Vice President of Client Services. “In addition to savings, we’re excited to provide Choice franchisees with dedicated service and support, as well as access to our innovative technology platform to enable greater business intelligence and operational efficiency.”

For more information about Choice Hotels, visit www.choicehotels.com. To learn more about Entegra, visit www.entegraps.com.

Choice Hotels International

Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. The challenger in upscale and a leader in midscale and extended stay, Choice® has nearly 7,500 hotels, representing more than 630,000 rooms, in 45 countries and territories. A diverse portfolio of 22 brands that range from full-service upper upscale properties to midscale, extended stay and economy enables Choice^® to meet travelers' needs in more places and for more occasions while driving more value for franchise owners and shareholders. The award-winning Choice Privileges® rewards program and co-brand credit card options provide members with a fast and easy way to earn reward nights and personalized perks. For more information, visit www.choicehotels.com.

Entegra

Entegra Procurement Services®, operating in 10 countries, is one of the largest food group purchasing organizations in the world. Entegra supports the hospitality sector, primarily hotels, restaurants, golf and leisure, and senior living communities, by providing them with industry-specific saving solutions and improving their operations.

A subsidiary of Sodexo, Entegra helps its clients unlock unlimited performance in their businesses through its unmatched purchasing power, enabled by a comprehensive suite of digital tools, personalized advisory services and corporate social responsibility program.

To learn more, visit www.entegraps.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240718682629/en/

Chang Chew

ChangHui.Chew@EntegraPS.com

+1 (760) 424-9624

Source: Entegra

FAQ

What is the new agreement between Choice Hotels International (CHH) and Entegra?

Choice Hotels International (CHH) has signed an agreement with Entegra, the world's largest food group purchasing organization, to provide its franchised and managed hotels access to Entegra's digital platform, connecting them with over 3,000 suppliers worldwide for potential cost savings and improved business performance.

How many Choice Hotels (CHH) properties will benefit from the Entegra agreement?

The agreement between Choice Hotels (CHH) and Entegra will benefit more than 5,000 franchised and managed hotels in the Choice Hotels network.

What are the potential benefits for Choice Hotels (CHH) franchisees from the Entegra partnership?

Choice Hotels (CHH) franchisees may benefit from better pricing on products, greater day-to-day operational support, improved business intelligence, and potential cost savings on food purchases through access to Entegra's digital platform and supplier network.

How does the Entegra agreement align with Choice Hotels' (CHH) business strategy?

The agreement aligns with Choice Hotels' (CHH) strategy to provide opportunities for reducing the total cost of hotel ownership and enhancing guest satisfaction, while delivering more value to its brands and franchisees.