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  Econo Lodge Offering Incentives of Up to $40,000
for "Like New" Conversions
Silver Spring  (May 31, 2002) � Capitalizing on a conversion-oriented marketplace and the economy segment�s strong performance in the past year relative to the rest of the industry, Choice Hotels International (NYSE:CHH), worldwide franchisor of Econo Lodge brand hotels, today announced a conversion incentive package that nets a potential $40,000 in savings for Econo Lodge franchisees.

Terms of the incentive offer a rebate of initial fees, signage costs, logo and amenity items costs, and fees associated with linkage to Choice�s reservations system, to reach a potential $40,000 in savings.  The incentive is available to �like new� properties, opened five years or less.

The incentive launches June 1 and is available through October 31.  Further details may be found at www.choicehotelsfranchise.com.

�Essentially, quality operators who meet our brand standards can receive a �no cost� conversion to one of the nation�s premier economy lodging brands,� said Joe Squeri, senior vice president, development and CFO for Choice.  �Our objective in crafting this incentive was to make it easy and affordable for quality operators to enter our system.  And once they�re on board, these new Econo Lodge franchisees will have immediate access to the marketing muscle, reservations power and hands-on services for which Choice Hotels International is renowned.�

Econo Lodge hotels, one of eight brands franchised by Choice, cater to senior, business and leisure travelers with clean, affordable rooms and friendly service.

Established in 1969, Econo Lodge has a long tradition of firsts.  Econo Lodge was the first economy lodging chain on the East Coast, the first hotel chain to launch a housekeeper certification program and the first hotel chain to develop a specially-designed Senior Room with special amenities for senior travelers.

Choice Hotels International (NYSE:CHH) is one of the world's largest lodging franchisors, franchising more than 5,000 hotels in 46 countries under the Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, MainStay Suites and Rodeway Inn brand names.  

 

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Contact:
Anne Papa Curtis
Tel: (301) 592-5155
Fax: (301) 592-6177
[email protected]
www.choicehotels.com


 
Also See Choice Hotels Offers Franchisees Five Lenders Providing Complete Range of Financing Options / Feb 2000 
Choice Hotels Creates 1999 Growth Fund For Developers of MainStay Suites Hotels / March 1999 


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