Choice Hotels to buy WoodSpring hotel brands for about $231 mln

Choice Hotels International has agreed to acquire WoodSpring hotel brands, including franchise operations, marketing and development, for approximately $231 million. The seller is Lindsay Goldberg. The deal is expected to close in the first quarter of 2018. Moelis & Company LLC is serving as financial adviser to Choice Hotels on the deal while Morgan Stanley is doing likewise for WoodSpring.

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