Choice issues dividend: Choice Hotels International announced a special cash dividend in the amount of US$10.41 per share, resulting in an aggregate payment amount of approximately US$600 million.
Host closes $500 million term loan: Host Hotels & Resorts announced that it has closed on a term loan for US$500 million through an amendment and restatement of its existing credit facility.
Read more at Host Hotels & Resorts
Baltimore hotel sold: The 97-room Brookshire Suites, located in downtown Baltimore, sold for US$7.85 million at a Thursday auction.
Read more at the Baltimore Business Journal