Choice Affirms 2nd Quarter '01 Estimates; Provides Preliminary 2002 Guidance

Apr 26, 2001, 01:00 ET from Choice Hotels International, Inc.

    SILVER SPRING, Md., April 26 /PRNewswire/ -- Choice Hotels International,
 Inc. (NYSE:   CHH), today in a conference call affirmed its belief that the
 company will meet second quarter estimates of diluted EPS of $0.29 and also
 provided preliminary guidance for 2002.
     Joseph M. Squeri, senior vice president, chief financial officer and
 treasurer, indicated that the company is comfortable with the second quarter
 consensus of $0.29 per share and that 2% unit growth in its domestic hotel
 system should continue.
     Squeri also provided preliminary guidance for 2002, noting that EBITDA
 projections call for $125 million to $130 million, which would result in
 diluted EPS of $1.40 to $1.45.  These projections assume EBITDA growth of 6 to
 9% and are based on the current level of 44.8 million shares outstanding.
     The company also stated that the revised effective royalty rates for 2000
 should be as follows:
 
                Qtr 1          Qtr 2          Qtr 3          Qtr 4
                3.84%          3.81%          3.84%          3.86%
 
     Choice Hotels International is the second largest hotel franchisor in the
 world with 4,390 hotels open, representing 349,994 rooms, and another 684
 hotels under development, representing 59,230 rooms, in 43 countries, as of
 March 31, 2001.  Its Comfort, Quality, Clarion, Sleep Inn, Econo Lodge,
 Rodeway Inn and MainStay Suites brands serve guests worldwide.
 
     Certain matters discussed in this press release may constitute forward-
 looking statements within the meaning of the federal securities law.  Such
 statements are based on management's beliefs, assumptions and expectations,
 which in turn are based on information currently available to management.
 Actual performance and results could differ from those expressed in or
 contemplated by the forward-looking statements due to a number of risks,
 uncertainties and other factors, many of which are beyond Choice's ability to
 predict or control.  For further information on factors that could impact
 Choice and the statements contained therein, we refer you to the filings made
 by Choice with the Securities and Exchange Commission, including its
 registration statement on Form S-4 and report on Form 10-Q for the period
 ended June 30, 1999.
     Additional corporate information may be found on the Choice Hotels'
 Internet site, which may be accessed at http://www.choicehotels.com .
     Comfort, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay
 Suites and ChoiceBuys.com are registered trademarks and service marks of
 Choice Hotels International, Inc.
 
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                http://tbutton.prnewswire.com/prn/11690X32298655
 
 

SOURCE Choice Hotels International, Inc.
    SILVER SPRING, Md., April 26 /PRNewswire/ -- Choice Hotels International,
 Inc. (NYSE:   CHH), today in a conference call affirmed its belief that the
 company will meet second quarter estimates of diluted EPS of $0.29 and also
 provided preliminary guidance for 2002.
     Joseph M. Squeri, senior vice president, chief financial officer and
 treasurer, indicated that the company is comfortable with the second quarter
 consensus of $0.29 per share and that 2% unit growth in its domestic hotel
 system should continue.
     Squeri also provided preliminary guidance for 2002, noting that EBITDA
 projections call for $125 million to $130 million, which would result in
 diluted EPS of $1.40 to $1.45.  These projections assume EBITDA growth of 6 to
 9% and are based on the current level of 44.8 million shares outstanding.
     The company also stated that the revised effective royalty rates for 2000
 should be as follows:
 
                Qtr 1          Qtr 2          Qtr 3          Qtr 4
                3.84%          3.81%          3.84%          3.86%
 
     Choice Hotels International is the second largest hotel franchisor in the
 world with 4,390 hotels open, representing 349,994 rooms, and another 684
 hotels under development, representing 59,230 rooms, in 43 countries, as of
 March 31, 2001.  Its Comfort, Quality, Clarion, Sleep Inn, Econo Lodge,
 Rodeway Inn and MainStay Suites brands serve guests worldwide.
 
     Certain matters discussed in this press release may constitute forward-
 looking statements within the meaning of the federal securities law.  Such
 statements are based on management's beliefs, assumptions and expectations,
 which in turn are based on information currently available to management.
 Actual performance and results could differ from those expressed in or
 contemplated by the forward-looking statements due to a number of risks,
 uncertainties and other factors, many of which are beyond Choice's ability to
 predict or control.  For further information on factors that could impact
 Choice and the statements contained therein, we refer you to the filings made
 by Choice with the Securities and Exchange Commission, including its
 registration statement on Form S-4 and report on Form 10-Q for the period
 ended June 30, 1999.
     Additional corporate information may be found on the Choice Hotels'
 Internet site, which may be accessed at http://www.choicehotels.com .
     Comfort, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay
 Suites and ChoiceBuys.com are registered trademarks and service marks of
 Choice Hotels International, Inc.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X32298655
 
 SOURCE  Choice Hotels International, Inc.