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Both companies have a BBB debt rating from Standard & Poor’s. This is the lowest investment grade rating and indicates that both companies have been aggressive with growth, finance, and Treasury Stock purchases.

• Discuss the differences in strategy related to business growth, finance, and Treasury Stock purchases.
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• Discuss the similarities in strategy.
• Discuss any strategy recommendations for Choice Hotels’ management.

Choice Hotels SEC Filings (10k) https://www.sec.gov/ix?doc=/Archives/edgar/data/1046311/000104631120000011/chh1231201910-k.htm

Marriott International SEC Filings (10K) https://www.sec.gov/ix?doc=/Archives/edgar/data/1048286/000162828020002376/mar-q42019x10k.htm