December 18, 2017 / 1:26 PM / 6 months ago

BRIEF-Choice Hotels To Acquire Woodspring Suites Brand And Franchise Business For About $231 Mln

* CHOICE HOTELS TO ACQUIRE WOODSPRING SUITES BRAND AND FRANCHISE BUSINESS

* CHOICE HOTELS INTERNATIONAL INC - DEAL FOR APPROXIMATELY $231 MILLION, SUBJECT TO CUSTOMARY ADJUSTMENTS

* CHOICE HOTELS INTERNATIONAL INC - PLANS TO ACQUIRE WOODSPRING HOTEL BRANDS, INCLUDING FRANCHISE OPERATIONS, MARKETING AND DEVELOPMENT

* CHOICE HOTELS INTERNATIONAL INC - ACQUISITION WILL BE FUNDED BY CASH

* CHOICE HOTELS INTERNATIONAL - DEAL EXPECTED TO BE ACCRETIVE TO FINANCIAL PERFORMANCE IN 2018, EXCLUDING ONE-TIME TRANSACTION AND INTEGRATION COSTS

* CHOICE HOTELS - FOR U.S. TAX PURPOSES, TRANSACTION CONSTITUTES AN ASSET SALE, AND CO EXPECTS TO AMORTIZE ACQUIRED ASSETS

* CHOICE HOTELS INTERNATIONAL INC - WOODSPRING HOTELS HOLDINGS LLC WILL BE RENAMED AND RETAIN ITS HOTEL MANAGEMENT OPERATIONS Source text for Eikon: Further company coverage:

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