Monthly Charge that Includes Royalty
and Marketing Fees
|PARSIPPANY, N.J. (June 23, 2004) – Knights Franchise Systems today
introduced an incentive program to encourage development by first-time
franchisees and current Knights Inn owners.
The program offers a $20.80 per room, fixed, flat monthly charge that includes royalty and marketing fees. The agreement, offered to first-time franchisees and current Knights Inn owners who sign a franchise agreement for another Knights Inn property features a three-year renewable term for up to four renewal terms. The contract sets a fixed $1 fee for each voice booking made through the Cendant central reservations system.
“The new program is easy, practical and in tune with the economy segment’s needs,” said Rajiv Bhatia, Knights Inn president. “This offer is attractive because there are no surprises: developers know what their fees will be each month. Combined with the additional value of Cendant’s resources, this is a superior offer.”
There are 196 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).
Cendant Corporation, Hotel Group
|Also See:||Cendant's Villager Franchise Systems Inc. and Knights Franchise Systems Inc. Recognize Best Personnel and Properties / May 2002|
|Cendant Appoints Rajiv Bhatia as President of Knights Franchise Systems and Villager Franchise Systems / September 2003|