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 The Knights Inn Brand Offering Hotel Operators a Franchise
Agreement with One-year Initial Window, Flexible Fee Structure
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Hotel Operators Get Chance to ‘Test Drive’ Knights Inn Brand

PARSIPPANY, N.J. (Nov. 10, 2005) – Hotel operators now can experience the benefits of the Knights Inn® brand at minimum risk by participating in its Knights Inn Test Drive program, which features a franchise agreement with one-year initial window, low initial payments and a flexible fee structure. 

Operators who sign a franchise with the Knights Inn brand under the Knights Inn Test Drive program pay a $5,000 initial franchise fee, $1,000 application fee and sign a three-year agreement that features a mutual window after the first year.   In addition, owners of properties with 50 rooms or more have the option of paying a flat fee of $20.80 or 5 percent of revenues per room per month.

“Our objective is to remain competitive and accelerate the growth of our brand,” said Knights Inn President Rajiv Bhatia.  “Through the new Knights Inn Test Drive program, I’m confident that we’ll attract new franchisees, who will enjoy being a part of our brand so much that they’ll want more than just a test drive.” 

There are 213 Knights Inn hotels in the United States and Canada.  All Knights Inn hotels are independently owned and operated under franchise agreements with Knights Franchise Systems Inc.  Reservations can be made by calling the Knights Inn toll-free reservation center at (800) 843-5644 or through the company’s Web site at www.knightsinn.com.  Knights Franchise Systems is a subsidiary of Cendant Corporation (NYSE: CD).

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Contact:

Christine Da Silva
Senior Manager, Media Relations
Cendant Hotel Group
1 Sylvan Way
Parsippany, NJ  07054
(973) 496-0750
christine.dasilva@cendant.com

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Also See: Cendant’s Hotel Group to Merge Villager and Knights Inn Brands; Offers Villager Franchisees a $5,000 Conversion Allowance / July 2004
Knights Inn Brand Entices Developers with Fixed, Flat Monthly Charge that Includes Royalty and Marketing Fees / June 2004
Cendant Appoints Rajiv Bhatia as President of Knights Franchise Systems and Villager Franchise Systems / September 2003

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