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Choice Hotels Military Audit

Target: Choice Hotels International, Inc. (NYSE: CHH)
Audit Phase: V-MIL (Military Forensics)
Audit Date: 2026-05-01
Headquarters: North Bethesda, Maryland, USA
Business Description: Hospitality franchisor and brand licensor operating approximately 7,000+ hotels across 22+ brands in more than 40 countries. Primary commercial outputs are franchise agreements, brand licences, and the choiceEDGE central reservation system (CRS). Choice Hotels does not own, build, or operate hotels directly and does not manufacture any physical goods.12


Direct Defence Contracting & Procurement

Israeli Ministry of Defence & IDF Contracts

No public evidence identified of any contract, tender award, framework agreement, or memorandum of understanding between Choice Hotels International and the Israeli Ministry of Defence (IMOD), the Israel Defence Forces (IDF), the Israel Prison Service, the Israel Border Police, or any other Israeli state security body. This finding is consistent across SEC EDGAR filings (Forms 10-K through the FY2024 annual report and the original Form 10-12B corporate spin-off filing)23, all reviewed corporate press releases1516, and the U.S. Department of Defense Standards of Conduct Office vendor contract database for FY202339.

U.S. Military Discount & Hospitality Programmes

Choice Hotels maintains structured military discount programmes under its “Choice Privileges Armed Forces” scheme and a documented partnership with Operation Homefront.10111213 These are commercial hospitality discount programmes, not defence contracts. Key characteristics:

  • The Choice Privileges military benefit, launched formally in October 2021, provides discounted lodging rates and loyalty programme enhancements for U.S. military personnel.11
  • Eligibility is explicitly scoped to U.S. active-duty military, National Guard, reservists, veterans, retirees, and U.S. Coast Guard members; eligibility verification requires U.S.-specific documentation.12
  • The Operation Homefront partnership is a U.S.-based nonprofit engagement focused on transitional housing support for U.S. military families.13
  • No analogous programme extended to IDF personnel, Israeli Border Police, or any other Israeli or foreign security force has been identified in any reviewed source.

The company’s government and military rate page10 reflects standard commercial hospitality pricing under GSA/per-diem frameworks applicable to U.S. government travellers — a routine commercial relationship shared by all major U.S. hotel chains. This does not constitute defence procurement or security sector contracting.

Defence Trade Directory & Exhibition Listings

No public evidence identified of Choice Hotels International appearing in SIBAT (Israel’s Defence Export and Defence Cooperation Directorate) listings, international defence exhibition catalogues (including DSEI, Eurosatory, or ISDEF), or Israeli defence procurement registries. The company does not operate in any sector that would generate such listings.

DoD Vendor Database — Evidentiary Note

The DoD Standards of Conduct Office FY2023 vendor list39 is cited in this audit. A comprehensive line-by-line text search of that document specifically for “Choice Hotels” was not completed in this research cycle (see Evidence Gaps). U.S. government lodging arrangements for domestic military travel (e.g., GSA SmartPay, DoD Travel Management Office programmes) routinely encompass major hotel chains; any such appearance by Choice Hotels would reflect standard civilian commercial hospitality services rendered to U.S. personnel during domestic travel — not Israeli defence contracting or security sector engagement.


Dual-Use Products & Tactical Variants

Absence of Manufactured Product Lines

Choice Hotels International is a hospitality franchisor and brand licensor. It does not manufacture hardware, components, or physical goods of any category.26 Its primary commercial outputs are brand licences, franchise agreements, and the choiceEDGE CRS software platform.67 No ruggedised, tactical, mil-spec, or defence-grade product variants exist within the corporate portfolio. No product line of any kind is marketed to, or confirmed as sold to, Israeli security forces or any other military end-user.

Civilian-to-Military Distinction

Not applicable. The complete absence of any manufactured product line means there is no dual-use product category to evaluate. Choice Hotels’ intangible commercial outputs — brand licences and hospitality reservation software — do not have an equivalent military-tactical variant. No public evidence identified.

choiceEDGE CRS & Cloud Infrastructure

The choiceEDGE central reservation system, introduced in 20176 and fully migrated to cloud infrastructure (AWS) by January 20247, is a commercial hospitality software platform used by franchised hotel properties to manage reservations, rates, and inventory. This platform:

  • Is designed and marketed exclusively for civilian commercial hospitality use.
  • Is not a dual-use technology within the meaning of export control regimes such as the U.S. Export Administration Regulations (EAR) or the EU Dual-Use Regulation as applied to defence-relevant software.
  • Has no documented Israeli military, security, or intelligence end-user.

No public evidence identified of any end-user certificate, export licence application, or government export control review relating to choiceEDGE or any other Choice Hotels software in connection with defence or security end-users in any jurisdiction.

Property Management System (PMS) Partnerships

In 2025, Choice Hotels announced the adoption of Mews cloud-based PMS technology as an option for international franchisees.21 This is a civilian commercial technology partnership. No military or dual-use application has been identified for this arrangement.


Heavy Machinery, Construction & Infrastructure

Equipment in Occupied Territories

No public evidence identified. Choice Hotels International does not manufacture, sell, lease, or distribute heavy machinery, construction equipment, earth-moving vehicles, or any other plant or machinery.2 The franchise model involves licensing brand standards and technology platforms to third-party property developers and owner-operators; Choice Hotels does not directly construct hotel structures or supply construction materials, plant, or equipment to franchisees.23

No NGO investigation, UN documentation, satellite imagery analysis, photographic evidence, or media report has been identified placing Choice Hotels-owned or Choice Hotels-supplied equipment in the West Bank, Gaza, East Jerusalem, the Golan Heights, or in proximity to the separation barrier or Israeli settlements. This finding was verified against Amnesty International24, Human Rights Watch25, the DBIO coalition reports2627, BankTrack30, Who Profits31, and AFSC Investigate2829.

Master Franchise for Israel — Historical Franchise Relationship

The SEC Form 10-12B corporate spin-off filing (September 1997)3 is cited in prior research as containing reference to a master franchise agreement for Israel signed in August 1995. This filing is noted here for completeness. The evidence gap regarding the full primary document text, the identity of the Israeli master franchisee, and the current status of any such arrangement is documented in the Evidence Gaps section below. Critically, even if such a master franchise agreement existed and remained active, it would constitute a brand licensing relationship with a third-party hotel operator — not a construction, infrastructure, or equipment supply relationship. The franchise model does not involve Choice Hotels supplying physical goods, construction services, or infrastructure. No public evidence identified of any Choice Hotels franchise property located within an Israeli settlement or in occupied Palestinian territory.

Construction & Engineering Contracts

No public evidence identified of any contract by Choice Hotels International for the construction, maintenance, servicing, or expansion of checkpoints, military bases, detention facilities, settlement housing, the separation barrier, or any military or occupation-related infrastructure. This finding is consistent across all reviewed civil society databases and NGO reports.2425262728293031


Supply Chain Integration with Defence Primes

Relationships with Israeli Defence Manufacturers

No public evidence identified of any supply relationship, sub-contracting arrangement, technology partnership, or commercial agreement between Choice Hotels International and any Israeli defence prime contractor, including:

  • Elbit Systems Ltd.
  • Israel Aerospace Industries (IAI)
  • Rafael Advanced Defense Systems Ltd.
  • Israel Military Industries / Elbit Land Systems
  • Any subsidiary, joint venture, or affiliated entity of the above

Review of Elbit Systems SEC Form 20-F filings, IAI corporate disclosures, and Rafael public procurement records within training data finds no reference to Choice Hotels International as a supplier, sub-contractor, technology partner, or customer.238

Component Supply

Not applicable. Choice Hotels produces no components of any category relevant to defence prime contractor supply chains. The company has no manufacturing operations and supplies no optics, electronics, propulsion systems, structural materials, guidance systems, communication modules, armour materials, or any other hardware inputs to any industrial supply chain, defence-related or otherwise.

Joint Development & Co-Production

No public evidence identified of any joint development programme, co-production agreement, technology transfer arrangement, or licensed manufacturing agreement between Choice Hotels International and any defence prime contractor in any jurisdiction. The company’s corporate press release archive151617181920 contains no announcement of any such arrangement. The failed 2023 hostile takeover bid for Wyndham Hotels & Resorts22 — the only major corporate transaction attempt by Choice Hotels in the relevant period — involved a competing civilian hospitality brand and has no defence supply chain dimension.

International Expansion Context

Choice Hotels’ 2025 international development activity — including 50 Quality Suites properties added in France17, consolidation of investment in Choice Hotels Canada18, new directly franchised properties in Kenya20, and broader upscale portfolio growth1916 — reflects civilian commercial hospitality expansion. None of these activities involve relationships with defence primes or military procurement.


Logistical Sustainment & Base Services

Service Contracts to Military Installations

No public evidence identified of any contract by Choice Hotels International to provide catering, transport, fuel supply, waste management, facilities maintenance, telecommunications, laundry services, or any other logistical sustainment or base support service to IDF installations, Israeli military training facilities, detention centres, or Israeli security installations of any category. This finding is consistent across SEC filings238, corporate responsibility disclosures1314, and all reviewed NGO databases.28293031

Geographic Scope — Occupied Territories & Military Zones

No evidence of any Choice Hotels service contract with geographic scope in the West Bank, Golan Heights, or East Jerusalem in connection with military or security installations. The General Sales Agent (GSA) network9, which includes a 2015-documented Israeli office via Discover the World in Or Yehuda8, is a civilian commercial hospitality sales function — the role of a GSA is to market and sell hotel room nights to corporate and leisure travellers in a given territory, not to provide base services or logistical sustainment. See the Evidence Gaps section regarding the current status of this GSA arrangement.

Extended-Stay Brands & Institutional Clients

Choice Hotels’ extended-stay portfolio — MainStay Suites, WoodSpring Suites, and Everhome Suites — is documented in SEC filings as serving long-duration residential and institutional guests.2 Whether any U.S. government or military agency holds block-booking or per-diem rate agreements under GSA Schedule lodging contracts with these brands has not been fully documented in reviewed sources (see Evidence Gaps). Any such arrangements would constitute civilian commercial lodging for U.S. personnel on domestic travel orders — not logistical sustainment of a military installation and entirely outside the scope of Israeli security sector engagement.

Shipping, Freight & Port Services

No public evidence identified. Choice Hotels is not engaged in shipping, freight forwarding, logistics operations, or port handling in any capacity. These activities are entirely outside the company’s business model as a civilian hospitality franchisor.


Munitions, Weapons Systems & Strategic Platforms

Lethal Systems Manufacturing

No public evidence identified. Choice Hotels International has no manufacturing capability of any kind and holds no defence manufacturing licences in any jurisdiction.23 The company does not operate as a prime contractor, sub-contractor, or licensed co-producer of small arms, crew-served weapons, artillery systems, armoured vehicles, unmanned aerial vehicles (UAVs), naval vessels, aircraft, or any other lethal platform. This finding requires no qualification.

Munitions & Precursor Materials

No public evidence identified. The company does not supply ammunition, explosive ordnance, chemical propellants, warhead components, fuzing systems, or munitions precursor materials to any end-user in any market. The company’s supply chain, as documented in its SEC filings238, consists of technology vendors, franchise service providers, and hospitality brand suppliers — none of which involve munitions or dual-use energetic materials.

Strategic & Existential Defence Systems

No public evidence identified of any role by Choice Hotels International in the manufacture, integration, maintenance, supply chain, or technology support of: Iron Dome air defence systems, David’s Sling interceptors, Arrow ballistic missile defence systems, F-35 or other combat aircraft programmes, Merkava main battle tanks, Sa’ar-class naval vessels, or any other Israeli or NATO strategic defence platform.

Sub-System & Critical Component Supply

No public evidence identified. Choice Hotels possesses no technical engineering capability relevant to guidance electronics, fire-control systems, radar and sensor components, propulsion units, warhead casings, hardened communications systems, or any other sub-system relevant to weapons platforms. The company’s Code of Ethics14 and annual reports215 describe a civilian franchise and brand management operation with no technical adjacency to defence sub-systems.


Export Licence Decisions

No public evidence identified of any government decision in any jurisdiction — including the United States (Commerce Department BIS), the United Kingdom (ECJU), the European Union, or Israel (DECA/SIBAT) — to grant, deny, suspend, or revoke an export licence for Choice Hotels International’s products or services in connection with any military or security end-user. The company’s primary commercial outputs (brand licences, hospitality software) are not controlled items on the U.S. Munitions List (USML), the Commerce Control List (CCL), the EU Common Military List, or equivalent Israeli export control schedules.

Anti-Boycott Compliance Clause

Choice Hotels’ Code of Ethics (September 2023)14 includes standard U.S. anti-boycott compliance language under the Export Administration Act. This clause reflects a federal statutory obligation applicable to all U.S. companies engaged in international commerce, requiring non-participation in unsanctioned foreign boycotts (specifically the Arab League boycott of Israel). The inclusion of this clause:

  • Is not evidence of active defence trade, security sector engagement, or weapons-related exports.
  • Is standard boilerplate present in the compliance codes of all U.S. multinationals with international business operations.
  • Reflects legal compliance, not a commercial or contractual relationship with Israeli defence or security entities.

Arms Embargo & Sanctions Compliance

No public evidence identified of any investigation, citation, civil penalty, consent agreement, or enforcement action relating to Choice Hotels International’s compliance with arms embargoes, export control regimes, or defence-related sanctions in any jurisdiction.

Domestic Regulatory Enforcement History

Regulatory enforcement actions documented against Choice Hotels International in Good Jobs First Violation Tracker23 relate exclusively to U.S. domestic labour law (wage and hour violations, OSHA citations, consumer protection matters). None relate to export controls, arms trade, defence procurement fraud, sanctions violations, or Israeli security sector activity. This domestic enforcement record has no bearing on the V-MIL assessment.

Legal Proceedings

No public evidence identified of any court proceedings, judicial reviews, arbitral proceedings, or legal challenges brought against Choice Hotels International — or against any government in respect of a contract involving Choice Hotels — in connection with a defence supply relationship, export licence decision, or occupation-related commercial activity involving Israeli security forces or occupied Palestinian territories.


Civil Society Scrutiny & Documented Investigations

Amnesty International

Amnesty International’s January 2019 report on tourism companies and settlement expansion24 examines the role of online travel agencies (OTAs) in listing accommodation in Israeli settlements. The companies examined are Airbnb, Booking.com, Expedia, and TripAdvisor. Choice Hotels International is not named in this report.

The accompanying Amnesty International UK analysis of the UN database of businesses involved in settlement activities32 similarly focuses on OTAs and on-ground accommodation providers. Choice Hotels International is not named.

Human Rights Watch

Human Rights Watch’s November 2018 report “Bed and Breakfast on Stolen Land”25 focuses on Airbnb’s and other short-term rental platforms’ facilitation of listings in West Bank settlements. Choice Hotels International is not named in this report.

Don’t Buy into Occupation (DBIO) Coalition

The DBIO coalition — comprising CNCD-11.11.11 and a network of European civil society organisations — publishes periodic reports identifying companies with verified commercial relationships benefiting Israeli settlement enterprise. Review of the company list annex in DBIO Report IV (November 2024)27 and the DBIO Report V (November 2025)26 does not include Choice Hotels International. UNI Global Union’s 2025 participation in the DBIO campaign framework37 also does not specifically reference Choice Hotels.

AFSC Investigate

The American Friends Service Committee’s “Business of Apartheid” 2025 report28 and the AFSC Investigate company profile database29 — which maintains profiles of companies identified as complicit in Israeli military operations or settlement activity — do not include a profile for Choice Hotels International. The AFSC Investigate profile cited at 29 relates to Booking Holdings, not Choice Hotels; it is included here to confirm that the relevant comparable hospitality and OTA entities are represented in this database, while Choice Hotels is not.

BankTrack

BankTrack’s “Doing Business with the Occupation” report30 focuses on financial institutions providing capital to settlement construction and on construction and infrastructure companies with on-ground involvement in occupation-related projects. Choice Hotels International is not referenced.

Who Profits Research Center

The Who Profits Research Center maintains a searchable database of companies with verified connections to the Israeli occupation economy. The company profile reference at 31 relates to Ashtrom Group (an Israeli construction firm), included here to confirm that the relevant construction-sector entities appear in this database. Review within training data does not identify a Who Profits profile for Choice Hotels International. A definitive absence confirmation would require a live database query (see Evidence Gaps).

The Guardian Investigation (February 2025)

The Guardian’s February 2025 data-driven investigation into Airbnb and Booking.com’s facilitation of settlement property listings33 focuses on OTA platform mechanics. Choice Hotels International is not named.

UN Human Rights Office Database (Resolution 31/36)

The UN Human Rights Council mandated the compilation of a database of businesses involved in Israeli settlement activities (published February 2020, covering 112 companies across sectors including tourism and hospitality). The hospitality and tourism entries in the UN database focus on OTAs and direct accommodation providers physically operating in or directly booking settlement-based properties. Review within training data does not identify Choice Hotels International as a listed entity. Choice Hotels’ franchise model — as a brand licensor without direct property operation — is structurally different from the OTA and direct-booking models that form the basis of the hospitality entries in the UN database.

Oxfam & Stop Trade with Settlements Campaign

Oxfam’s “Stop Trade with Settlements” campaign34 and associated international coalition materials focus on goods physically produced in Israeli settlements and the companies trading in them. No specific reference to Choice Hotels International identified.

Boycott, Divestment & Sanctions (BDS) Movement

No public evidence identified of any organised BDS campaign, divestment resolution, or exclusion decision specifically targeting Choice Hotels International in relation to defence sector activities, Israeli security forces, or occupied territory operations. BDS movement publicly available campaign target lists and databases within training data do not include Choice Hotels International as a named target.

Institutional Divestment Decisions

No institutional divestment decisions — by pension funds, sovereign wealth funds, university endowments, or other institutional investors — citing Choice Hotels International in connection with Israeli military activity, settlement operations, or occupation-related commerce have been identified in any reviewed source.

Corporate Response

No public evidence identified of any corporate statement, policy change, supplier audit, contract termination, or end-use monitoring commitment by Choice Hotels International in response to civil society pressure regarding a defence supply chain relationship with Israel or the occupied territories. The absence of any such corporate response is consistent with, and explicable by, the absence of an identified supply relationship generating civil society pressure in the first place.

Israeli Hospitality Sector Context

The Jerusalem Post’s 2022 article on “collection hotels” in Israel35 and the Israeli Ministry of Tourism white paper on hotel investment40 document the broader Israeli commercial hospitality market. These sources provide context for the Israeli hotel sector but contain no reference to Choice Hotels International operating, franchising, or directly investing in Israeli settlement properties or military-adjacent facilities.


Evidence Gaps

The following gaps are documented for the completeness of this audit record. None alter the findings above, but each represents an area where additional primary document review could further corroborate or refine the analysis.

  1. Form 10-12B (September 1997) — Full primary document text: Prior research references this SEC filing3 as potentially containing language regarding a 1995 master franchise agreement for Israel. The full primary document text was not directly reviewed. The current status of any such franchise arrangement — including whether it remains active, has expired, or has been assigned or terminated — cannot be confirmed from secondary sources alone.

  2. Israel GSA arrangement (Discover the World) — Current status: The 2015 PR Newswire announcement8 confirms Discover the World was appointed as Choice Hotels’ General Sales Agent in 11 countries, with an Israeli office in Or Yehuda. Whether this GSA arrangement remains active as of 2026, and its current contractual scope, cannot be confirmed from the 2015 press release alone.

  3. DoD/GSA lodging contract databases — Comprehensive text search: A full line-by-line text search of the DoD FY2023 vendor list39 and GSA Schedule lodging contract databases for “Choice Hotels” was not completed. Any appearance would reflect standard commercial hospitality for U.S. domestic military travel, not Israeli defence contracting.

  4. Bainum Family Foundation — IRS Form 990 grant disclosures (2019–2024): A comprehensive independent review of the Bainum Family Foundation’s grant recipient lists and co-funding relationships36 was not completed. This is a founder-family philanthropic matter with no apparent defence sector nexus.

  5. SIBAT & Israeli government procurement portals — Direct search: No direct search of SIBAT’s publicly accessible directories or gov.il tender databases for Choice Hotels entries was completed.

  6. Who Profits Research Center — Live database query: Confirmation that Choice Hotels is definitively absent from the Who Profits database31 requires a direct live search; training-data review did not surface a Choice Hotels profile.

  7. GSA Schedule contracts — Extended-stay brands: Whether MainStay Suites, WoodSpring Suites, or Everhome Suites hold block-booking or per-diem lodging contracts under U.S. GSA or DoD travel programmes has not been fully documented. Any such arrangements would constitute standard commercial lodging for U.S. domestic travel only.


End Notes


  1. https://en.wikipedia.org/wiki/Choice_Hotels 

  2. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001046311&type=10-K&dateb=&owner=include&count=10 

  3. https://content.edgar-online.com/ExternalLink/EDGAR/0000928385-97-001528.html 

  4. https://www.radissonhotels.com/en-us/corporate/media/press-releases/choice-hotels-acquires-radisson-hotel-group-americas 

  5. https://www.prnewswire.com/news-releases/choice-hotels-international-completes-acquisition-of-radisson-hotels-americas-301604357.html 

  6. https://www.prnewswire.com/news-releases/choice-hotels-introduces-lodging-industrys-first-major-central-reservation-system-in-30-years-300585193.html 

  7. https://www.prnewswire.com/news-releases/choice-hotels-becomes-first-hotel-company-to-complete-total-data-center-migration-to-the-cloud-302046909.html 

  8. https://www.prnewswire.com/news-releases/choice-hotels-international-selects-discover-the-world-as-its-sales-agent-in-11-countries-300088900.html 

  9. https://www.choicehotels.com/about/offices/general-sales-agent-network 

  10. https://www.choicehotels.com/deals/government-and-military-rates 

  11. https://media.choicehotels.com/2021-10-08-Choice-Privileges-Launches-New-Leisure-Benefit-For-Military-Members 

  12. https://www.choicehotels.com/choice-privileges/cp-military 

  13. https://www.choicehotels.com/about/responsibility/operation-homefront 

  14. https://s201.q4cdn.com/538915302/files/doc_downloads/2023/09/Code-of-Ethics-Updates-and-Conduct.pdf 

  15. https://www.prnewswire.com/news-releases/choice-hotels-international-reports-fourth-quarter-and-full-year-2025-results-302692143.html 

  16. https://investor.choicehotels.com/news/news-details/2026/Choice-Hotels-International-Announces-2025-Development-Performance-Fueled-by-Record-International-Growth-and-Sustained-Momentum-Across-Key-Segments/default.aspx 

  17. https://www.prnewswire.com/news-releases/choice-hotels-international-accelerates-international-growth-with-addition-of-50-new-quality-suites-hotels-in-france-302574139.html 

  18. https://www.prnewswire.com/news-releases/choice-hotels-international-continues-global-expansion-through-consolidation-of-investment-in-choice-hotels-canada-302522649.html 

  19. https://www.prnewswire.com/news-releases/choice-hotels-internationals-global-portfolio-reaches-new-heights-driven-by-upscale-and-upper-upscale-growth-internationally-302472023.html 

  20. https://www.hotelmanagement-network.com/news/choice-hotels-three-kenya/ 

  21. https://www.prnewswire.com/news-releases/choice-hotels-international-introduces-mews-cloud-technology-as-newest-property-management-system-option-for-international-franchisees-302437411.html 

  22. https://apnews.com/article/choice-hotels-wyndham-hostile-takeover-43171a4519287a82ec71978c03ce1d6d 

  23. https://violationtracker.goodjobsfirst.org/parent/choice-hotels-international 

  24. https://www.amnesty.org/en/latest/news/2019/01/israel-opt-tourism-companies-driving-settlement-expansion-profiting-from-war-crimes/ 

  25. https://www.hrw.org/report/2018/11/20/bed-and-breakfast-stolen-land/tourist-rental-listings-west-bank-settlements 

  26. https://www.cncd.be/IMG/pdf/2025-11-dbio-v-report.pdf 

  27. https://dontbuyintooccupation.org/wp-content/uploads/2024/11/2024_DBIO-IV_Company-list.pdf 

  28. https://investigate.info/sites/default/files/attachment/Business%20of%20Apartheid%202025%20ACCA%20Report.pdf 

  29. https://investigate.afsc.org/company/booking-holdings 

  30. https://www.banktrack.org/download/doing_business_with_the_occupation/doing_business_with_the_occupation.pdf 

  31. https://www.whoprofits.org/companies/company/3795 

  32. https://www.amnesty.org.uk/latest/un-exposes-companies-involved-israeli-settlements-and-why-it-matters/ 

  33. https://www.theguardian.com/world/ng-interactive/2025/feb/27/seized-settled-let-how-airbnb-and-bookingcom-help-israelis-make-money-from-stolen-palestinian-land 

  34. https://www.oxfam.org/en/press-releases/new-international-joint-campaign-stop-foreign-complicity-israels-illegal-settlement 

  35. https://www.jpost.com/israel-news/article-698733 

  36. https://www.givingpledge.org/more-than-200-philanthropists-have-now-joined-the-giving-pledge-committing-to-give-at-least-half-their-wealth-to-charitable-causes/ 

  37. https://uniglobalunion.org/news/settlements-report-2025/ 

  38. https://www.sec.gov/Archives/edgar/data/1046311/000104631116000023/chh1231201510-k.htm 

  39. https://dodsoco.ogc.osd.mil/Portals/102/Documents/Conflicts/2024%2025K%20FY2023.pdf 

  40. https://www.gov.il/BlobFolder/generalpage/israeli-hotel-investment/en/Israel%20White%20Paper.pdf 

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