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Knights Inn Ranked #1 Budget Hotel Franchise by Entrepreneur Magazine's Annual Franchise 500®
 
Parsippany, NJ, February 2, 1999 � Knights Franchise Systems, Inc. received the highest ranking of any budget hotel chain in Entrepreneur magazine's Annual Franchise 500® listing.  The listing identifies the top franchise opportunities based on a number of factors, including financial performance, corporate management, stability, franchisor/franchisee relationship and growth opportunities for franchisees.  The Knights Inn chain ranked 164th overall in the listing, which included franchise operations from various industry categories.

"It is rewarding to see that we have been recognized as a leader in the lodging industry," said Ramesh Gokal, president and CEO of Knights Franchise Systems, Inc.  "We have been successful in increasing our share of the family and leisure travel markets by providing our franchisees with the tools to acquire, satisfy and retain their guests.  We are very proud of this ranking and will continue our emphasis on quality and service to all of our customers." 

Knights Inn franchisees enjoy the synergistic benefits of belonging to parent company Cendant Corporation.  Resources include demonstrated system growth, a national reservation system, innovative marketing and promotions, a state-of-the-art property management system, vendor programs and purchasing services, training, quality assurance and franchise sales support.

Other factors weighed in the Entrepreneur Franchise 500 ranking include number of years in business, size of the chain, start-up costs and litigation history. 

Knights Franchise Systems, Inc., a budget lodging chain of more than 200 franchised properties in the United States and Canada, is a subsidiary of Cendant Corporation (NYSE:CD). 

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Contact:
Evy Apostolatos
(973) 496-8420
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Also See: Knights Announces Opening of Chain's Largest Property - the 300-Room Knights Inn of Charleston, SC / Nov 1998 

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