Yes.
The terms and conditions at the bottom of the promotion page only mention these restrictions:
Stays at vacation rental property locations and stays booked with the SEGEN and SRTLG rate codes do not qualify for promotional bonus points.
The T&Cs don’t explain what a points-eligible stay is. Other sites explain this.
From FrequentMiler on boardingarea. online:
Most stays are eligible to earn Choice Privileges points EXCEPT: rooms booked at rates below $40 USD per night, certain hotel initiated promotions, reward night stays, onlineplimentary rooms, rooms paid for as part of a convention or meeting, rooms booked through a third party online retailer including online travel agencies, wholesale packages, group tours, and stays booked using the employee discount or the friends and family discount.
Stays at vacation rental property locations and Choice Hotels properties in the following countries are excluded from this promotion: Japan, Norway, Sweden, Denmark, Finland, Iceland, Lithuania, Estonia, Latvia, Guyana, and Ecuador.