CHH Announces CEO Transition; Dragisich Appointed Interim CEO

Research evidence excerpt

CHH Announces CEO Transition; Dragisich Appointed Interim CEO

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Investment Recommendation Record

(Article 3(1)e and Article 7 of MAR)

Recommendation Published May 20, 2026 19:08 P.M.

Recommendation Distributed May 20, 2026 19:08 P.M.

Company Specific Disclosures

Within the past twelve months, Jefferies Financial Group Inc. and/or its affiliates received compensation for products and services other than investment banking

services from non-investment banking, securities related compensation for client services it provided to Choice Hotels International, Inc..

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Buy - Describes securities that we expect to provide a total return (price appreciation plus yield) of 15% or more within a 12-month period.

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The expected total return (price appreciation plus yield) for Buy rated securities with an average security price consistently below $10 is 20% or more within a 12-