Hotel Online  Special Report


 Choice Hotels Hires Elaine Clancy Vice President, 
Corporate and Real Estate Development
SILVER SPRING, Md. (February 8, 2006) – Choice Hotels International, Inc. (NYSE:CHH) today announced that it has hired Elaine Clancy as vice president, corporate and real estate development.  In this new position, Clancy will identify and assess development opportunities in key markets for Choice's hotel brands, with an emphasis on evaluating and recommending investment strategies for the company’s new, select-service upscale brand, Cambria Suites.  In addition, Clancy will work with Choice’s development team to establish innovative financing strategies to help expand the company’s presence in both the extended stay and upscale lodging segments.  She reports to Joseph M. Squeri, executive vice president and chief financial officer.

Ms. Clancy has more than 15 years of experience in real estate development, financing and investment banking.  She joins Choice from Ferris, Baker Watts, Inc., where she was a senior vice president in the Real Estate Capital Markets Group.  While at Ferris, Baker Watts, Ms. Clancy worked with a number of real estate investment trusts and real estate operating companies, completing over $1.5 billion in transactions.    

"Elaine’s proven real estate, development and finance skills will be a tremendous asset to us, especially as we create and execute new brand investment strategies to accelerate the growth of Cambria Suites," Squeri said. 

Prior to joining Ferris, Baker Watts, Clancy was a co-founder and principal of Velasco Group, LLC, a private real estate and investment and merchant-banking firm in Arlington, Virginia.  Prior to Velasco, she was a senior vice president in the real estate investment banking department at Friedman, Billings, Ramsey & Co. Inc. and also served as the chief financial officer of FBR Asset Investment Corporation.   While at FBR, Clancy was involved in lead managing over $4 billion in real estate investment trust and specialty finance transactions.   She earned her MBA from Northwestern University’s Kellogg School of Management and her BBA from James Madison University.
About Choice Hotels International
Choice Hotels International is one of the world's largest lodging franchisors, marketing more than 5,000 hotels open or under development in more than 40 countries under the Cambria Suites, Clarion, Quality, Comfort Suites, Comfort Inn, Sleep Inn, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brand names. For more information on Choice, visit the company's web site at
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities law.  


Choice Hotels International, Inc.
Anne Madison
Vice President
Corporate Communications
Tel:  301-592-6723

Also See: Choice Hotels Acquires Suburban Franchise Systems, Inc. for Approximately $10.5 million; Suburban Extended Stay Hotels Becomes the Tenth Brand in the Choice Hotels System / September 2005
Joseph M. Squeri Promoted to Choice Hotels' Executive Vice President, Operations, and Chief Financial Officer / May 2005

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