Choice Hotels Buys RV Club Harvest Hosts for $130 Million

Photo Credit: Harvest Hosts Choice Hotels said Wednesday it would buy Harvest Hosts, a membership club for recreational vehicle travelers, for about $130 million in cash. It's the first acquisition under Dom Dragisich, who was named permanent president and CEO last month, and the hotel franchisor's first move outside of hotels. Choice is buying the company from Stripes, a New York growth equity firm that bought it out for $37 million in 2021, and other shareholders. It said it would fund the transaction with cash on hand and its revolving credit