Choice Hotels Names Interim CEO, Reaffirms Guidance and Declares $0.2875 Dividend
Choice Hotels will see Patrick Pacious step down as CEO with Dominic Dragisich serving as interim chief and full-year 2026 financial guidance reaffirmed. The board approved a quarterly cash dividend of $0.2875 per share payable July 15 to shareholders of record on July 1.
1. Leadership Transition
Patrick Pacious will step down as President and Chief Executive Officer and serve as an advisor through August 31, 2026 to support the leadership handover. The Board has appointed Chief Growth & Strategy Officer Dominic Dragisich as Interim CEO effective May 20, 2026 and has initiated a comprehensive search for the next permanent CEO.
2. 2026 Outlook Reaffirmation
The company reaffirmed its full-year 2026 financial guidance as outlined in its first quarter earnings release, maintaining targets for revenue growth and adjusted EBITDA. Management remains focused on executing strategic priorities, driving franchisee success and delivering long-term shareholder value.
3. Quarterly Dividend Declaration
Choice Hotels’ Board approved a quarterly cash dividend of $0.2875 per share, payable July 15, 2026 to shareholders of record on July 1, 2026. This marks the company’s ongoing commitment to returning capital under its capital-light, franchise-driven model.