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). |