Choice Hotels International, Inc. (NYSE:CHH) Q3 2023 Earnings Conference Call November 7, 2023 10:00 AM ET

Company Participants

Allie Summers - Senior Director and IR

Patrick Pacious - President and CEO

Scott Oaksmith - CFO

Dominic Dragisich - EVP, Operations and Chief Global Brand Officer

Conference Call Participants

Shaun Kelley - Bank of America

Stephen Grambling - Morgan Stanley

Michael Bellisario - Baird

David Katz - Jefferies

Robin Farley - UBS

Meredith Jensen - HSBC

Patrick Scholes - Truist Securities

Joe Greff - JPMorgan

Dan Wasiolek - Morningstar

Alex Brignall - Redburn Atlantic

Brandt Montour - Barclays

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Choice Hotels International's Third Quarter 2023 Earnings Call. At this time, all lines are in a listen-only mode.

I will now turn the conference over to Allie Summers, Investor Relations, Senior Director for Choice Hotels.

Allie Summers

Good morning, and thank you for joining us today.

Before we begin, we'd like to remind you that during this conference call, certain predictive or forward-looking statements will be used to assist you in understanding the company and its results. Actual results may differ materially from those indicated in forward-looking statements and you should consult the company's Forms 10-Q, 10-K, and other SEC filings for information about important risk factors affecting the company that you should consider. These forward-looking statements speak as of today's date, and we undertake no obligation to publicly update them to reflect subsequent events or circumstances.

You can find a reconciliation of our non-GAAP financial measures referred to in our remarks as part of our third quarter 2023 earnings press release, which is posted on our website at choicehotels.com under the Investor Relations section.

This morning, Pat Pacious, our President and Chief Executive Officer; and Scott Oaksmith, our Chief Financial Officer, will speak to our third quarter operating results and financial performance. Joining us also today for the Q&A portion of the call is Dom Dragisich, current Executive Vice President, Operations and Chief Global Brand Officer and former CFO. Following Pat and Scott's remarks, we'll be glad to take your questions.

And with that, I'll turn the call over to Pat.

Patrick Pacious

Thank you, Allie, and good morning, everyone. We appreciate you taking the time to join us.

I'm very pleased that Scott Oaksmith is joining us on our call today following his recent promotion to Chief Financial Officer. Scott has extensive experience across our finance division and he's well known to all of you in the investment community, given his interactions over the years. I've had the pleasure of working with Scott for 18 years, and I'm confident he's the ideal person to lead our financial strategy. His appointment demonstrates the depth of our bench and the importance of thoughtful succession planning.