Choice Hotels — Aug 5, 2026 release

3 The Company expects to enter the next phase of its asset-light strategy by recycling capital from its owned hotel portfolio. As of August 5, 2026, the Company owned 19 operating hotels, with one additional hotel under construction. The Company expects the first asset sales to occur during the first half of 2027, subject to market conditions. Shareholder Returns During the six months ended June 30, 2026, the Company returned $26 million to shareholders through dividends and $113 million in share repurchases. 4 As of June 30, 2026, 1.8 million shares of common stock remained available under the Company’s current share repurchase authorization. Outlook The Company is updating certain aspects of its full-year 2026 outlook. The following outlook includes forward-looking non-GAAP measures used by management to assess expected performance. Adjusted metrics exclude the net surplus or deficit from reimbursable revenue from franchised and managed properties, due diligence and transition costs, and other items. Full-Year 2026 Prior Outlook Net income $230 to $241 million $265 to $275 million Adjusted net income $312 to $323 million $320 to $330 million Adjusted EBITDA $635 to $650 million $632 to $647 million     Adjusted SG&A Mid-single digits Mid-single digits Diluted EPS $5.07 to $5.31 $5.72 to $5.94 Adjusted diluted EPS $6.86 to $7.10 $6.92 to $7.14 Effective tax rate 26% 25% Full-Year 2026 vs. 2025 Full-Year 2026 vs. 2025 Global RevPAR growth 0% to 1% -2% to 1%     U.S. RevPAR growth 0% to 1.2