Choice Hotels has announced a succession plan for its CEO position.
The company’s current chief operating officer, Patrick Pacious (pictured), will replace CEO Stephen Joyce in January 2018.
Pacious will join the board of directors in September.
“Under Steve’s tenure as CEO, Choice Hotels has grown stronger, said Stewart Bainum, chairman of the board of directors. “When Steve joined Choice as CEO, he was immediately impressed with Pat’s strengths and talents, and by enhancing Pat’s roles over the years, Steve ensured that Pat is the clear choice to succeed him.”