Choice Hotels Acquires Harvest Hosts for $130 Million, Expanding into Outdoor Lodging with RV Membership Model
🏠 Choice Hotels is acquiring Harvest Hosts for $130 million, funded by cash and its credit revolver, marking its entry into outdoor lodging. Harvest Hosts, an RV membership club, connects over 500,000 members with 11,200 locations for an annual fee of $99 to $179. Members have spent over $200 million at host sites since 2010. This purchase is approximately 3.5 times the $37 million paid by Stripes in 2021. CEO Joel Holland remains, and the brand continues as standalone.
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