Choice Hotels International

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	374,873	23.9
Net Income	9,058	(46.1)
Rank Last Year: None

Description:
Choice Hotels International is the second-largest hotel franchisor in the world with 3,225 hotels, or 272,372 rooms, in more than 30 countries under the brand names Quality, Comfort, Clarion, Sleep Inn, Rodeway Inn, Econo Lodge and MainStay Suites. The company owns and manages 81 hotels in the United States and Europe.

Business Resume: Contact Info -- 10750 Columbia Pike Silver Spring, Md. 20901 301-979-5000 Main Business -- Hotel franchising Founded -- 1939 Chairperson -- Stewart Bainum Jr. President -- Donald J. Landry Employees -- 5,522 D.C.-Area Employees -- 728

Developments:
Choice Hotels was spun off from its parent company, Manor Care Inc., in May so each company could focus on its own market segment. Soon after, the company named William R. Floyd, vice chairman and chief executive for the newly formed hotel entity. The company began trading publicly on the New York Stock Exchange in November. In its first nine-months of operations, the company's 100th Sleep Inn hotel was opened and it introduced a moderate-priced extended stay hotel brand called MainStay Suites. One MainStay suite has been built and another 14 are in development.

The company also is expanding on a Choice Picks Food Court, a food service concept for hotels where guests can buy the products of Pizzeria Uno and You Can't Believe Its Yogurt. Thirteen eateries are open and four are under development.