NEW YORK Choice Hotels International signed contracts to operate five hotels in Brazil comprising 524 rooms and representing an investment of $34 million. With the addition of these contracts, the group has 52 hotels under construction in South America and 12 hotels in operation.
The company is also building a Clarion Hotel in Stockholm, Sweden, which is due to open later this year. With 550 rooms, it will become the largest hotel in the city and the first Clarion-branded property in the country. (5/30/01)