Overview of the Recent Transaction On August 31, 2024, Baron Capital Management, led by Ron Baron (Trades, Portfolio), made a significant addition to its investment portfolio by acquiring 4,778,814 shares of Choice Hotels International Inc (NYSE:CHH). This transaction, executed at a price of $127.59 per share, reflects a strategic move by the firm to bolster its holdings in the travel and leisure sector. Following this acquisition, the firm's total stake in CHH now stands at a substantial 10.12% of its portfolio, marking a notable commitment to the company.