Today more than ever before, a strong franchise affiliation is essential for success in the competitive hotel market. It's not surprising, then, that hotel franchise fees represent the second-largest operating expense -- after payroll -- for most hotels, according to a recent study by Mineola, N.Y.-based HVS International.

Recognizing franchisors' importance, NREI is pleased to present its first Directory of Hotel Franchisors. If your company was not listed, and you think it should be next time, contact Barbara Katinsky at (770) 618-0160.

America's Best Inns, Inc. 1205 Skyline Dr., P.O. Box 1719 Marion, IL 62959 Officers: Bob Brewer, Pres.; Mike Manchino, Exec. Vice Pres.; Jim Haidet, Vice Pres., Franchising; Harold Smith, Treas. Total Number of Franchises in 1996: Properties: 33 Rooms: 3,183 Company Owned: 16 Increase/Decrease of Franchises over 1995: Properties: + 3 Rooms: + 277 Regions under Franchise: Midwest - 50% South - 50%

AmericInn International, LLC 18202 Minnetonka Blvd. Deephaven, MN 55391 E-Mail: franchise@americinn.com Website: www.americinn.com Officers: Lucius L. Fowler, Pres./CEO; Jon Kennedy, Vice Pres., Franchise Dev.; Gregory Kirkpatrick, Treas./CFO Total Number of Franchises in 1996: Properties: 80 Rooms: 3,666 Increase/Decrease of Franchises over 1995: Properties: + 9 Rooms: + 439 Regions under Franchise: North - 85% East - 1% Midwest - 13% West - 1%

Associated Hotels 29 S. LaSalle St., Ste. 705, Chicago, IL 60603 Officers: Martin H. Fishman, Pres.; Jay D. Fishman, John J. Poulos, Jr., Sr. Vice Pres.; Bryan G. Curry, Treas. Total Number of Franchises in 1996: Properties: 12 Rooms: 3,005 Company Owned: 10 Increase/Decrease of Franchises over 1995: Properties: + 2 Rooms: + 523 Regions under Franchise: North - 32% Midwest - 51% South - 17%

Bristol Hotels & Resorts 14295 Midway Rd., Dallas, TX 75244 Officers: J. Peter Kline, Pres.; John A. Beckert, Exec. Vice Pres.; Edward J. Rohling, Sr. Vice Pres., Corp. Dev.; Jeffrey P. Mayer, Sr. Vice Pres./CFO; Richard N. Beckert, Sr. Vice Pres., Admn.; Thomas H. Murphy, Vice Pres., CIO Total Number of Franchises in 1996: Properties: 86 Rooms: 23,865 Company Owned: 41 Increase/Decrease of Franchises over 1995: Properties: + 61; - 2 Rooms: + 18,204; - 762 Regions under Franchise: North - 8% East - 8% Midwest - 1% South - 39% West - 44%

Budget Host International P.O. Box 14341, Arlington, TX 76094 E-Mail: budhost@connect.net Officers: Ray Sawyer, Pres.; Lisa Sawyer, Exec. Vice Pres.; Dolores Sawyer, Sr. Vice Pres.; Bill Long, Quality Assurance Dir.; Don Dodson, Dir., Bus. Dev. Total Number of Franchises in 1996: Properties: 178 Rooms: 7,334 Increase/Decrease of Franchises over 1995: Properties: + 15; - 14 Rooms: + 752; - 560 Regions under Franchise: North - 20% East - 20% Midwest - 25% South - 20% West - 15%

Budgetel Inns 250 E. Wisconsin Ave., Ste. 1750, Milwaukee, WI 53202 Officers: Steve Marcus, Pres.; Dave Lucas, Exec. Vice Pres.; Doug Neis, Treas. Total Number of Franchises in 1996: Properties: 39 Rooms: 3,203 Company Owned: 88 Increase/Decrease of Franchises over 1995: Properties: + 13 Rooms: + 975 Regions under Franchise: North - 10% East - 5% Midwest - 35% South - 45% West - 5%

Candlewood Hotel Co., Inc. 9342 E. Central, Wichita, KS 67226 Officers: Jack DeBaer, Chmn./CEO; Jim Roos, Pres./COO; Warren Fix, Exec. Vice Pres./CFO; Kent Brown, Treas./Controller Total Number of Franchises in 1996: Properties: 5 Rooms: 640 Increase/Decrease of Franchises over 1995: Properties: + 5 Rooms: + 640 Regions under Franchise: North - 11% East - 11% South - 23% West - 55%

Carlson Hospitality Worldwide Carlson Pkwy., P.O. Box 59159, Minneapolis, MN 55459-8204 E-Mail: pwinger@carlson.com Website: www.radisson.com Officers: Curtis C. Nelson, Pres./CEO; Trudy Rautio, CFO; Paul Hanley, Pres., Regent Int'l Hotels/Resorts; Jay Witzel, Pres., Radisson Hotels Worldwide; Peter Blyth, Pres., Radisson Hotels Worldwide Dev.; Paul Kirwin, Pres.,Country Inns & Suites by Carlson Total Number of Franchises in 1996: Properties: 437 Rooms: 90,970 Company Owned: 5 Increase/Decrease of Franchises over 1995: Properties: + 54 Rooms: + 6,363

Choice Hotels International 10750 Columbia Pike, Silver Spring, MD 20901 Website: www.hotelchoice.com Officers: William Floyd, Vice Chmn./CEO; James MacCutcheon, Exec. Vice Pres./CFO; Rodney Sibley, Sr. Vice Pres., Franchise Opers.; Barry Smith, Sr. Vice Pres., Mktg.; Thomas Mirgon, Sr. Vice Pres., Human Res.; Joseph Lavin, Sr. Vice Pres., Partner Svcs. Grp.; Betsy O'Rourke, Vice Pres., Mktg. Promo./Comm. Total Number of Franchises in 1996: Properties: 3,220 Rooms: 345,748 Company Owned: 67 Increase/Decrease of Franchises over 1995: Properties: + 281 Regions under Franchise: North - 12% Midwest - 31% South - 40% West - 17%

ClubHouse Inn 11230 College Blvd., #130, Overland Park, KS 66210 Website: www.clubhouseinn.com Officers: David H. Aull, Pres.; Roland W. Samples, Exec. Vice Pres.; Richard Merkel, Sr. Vice Pres. Total Number of Franchises in 1996: Properties: 17 Rooms: 2,456 Company Owned: 11 Increase/Decrease of Franchises over 1995: Properties: + 2 Rooms: + 279 Regions under Franchise: East - 5% Midwest - 45% South - 45% West - 5%

Cooper/CSS Hotels 1407 Union Ave., Ste. 400, Memphis, TN 38104 Officers: Irby Cooper, Chmn.; Pace Cooper, Pres.; Glen Stanton, Vice Pres./COO; Laurie Cooper, Vice Pres./Gen. Counsel; David Krueger, CFO; Raymond Shainberg, Partner; David Cooper, Assoc. Total Number of Franchises in 1996: Properties: 21 Rooms: 4,095 Company Owned: 19 Increase/Decrease of Franchises over 1995: Properties: + 1; - 2 Rooms: + 130; - 358

Doubletree Hotels Corp. 410 N. 44th St., Ste. 700, Phoenix, AZ 85008 Officers: Richard M. Kelleher, Pres.; August W. Boss, Sr. Vice Pres.; William L. Perocchi, Treas. Total Number of Franchises in 1996: Properties: 50 Rooms: 9,574 Increase/Decrease of Franchises over 1995: Properties: + 13; - 3 Rooms: + 2,575; - 998

Friden Hotel Co. 2020 Alameda Padre Serra, Santa Barbara, CA 93103 Officers: Eric Friden, Pres.; Rennick Andreoli, Exec. Vice Pres.; Michael Getto, Sr. Vice Pres.; Roy Allen, Treas. Total Number of Franchises in 1996: Properties: 7 Rooms: 1,563 Company Owned: 7 Increase/Decrease of Franchises over 1995: Properties: + 2 Rooms: + 346 Regions under Franchise: Midwest - 38% South - 25% West - 37%

GuestHouse Inns, Hotels & Suites 1501 N. University Ave., Ste. 968, Little Rock, AR 72207 E-Mail: debra@guesthouse.net Website: www.guesthouse.net Officers: James H. Keet, III, CEO; James M. Sculley, Pres./COO; Michelle Davis, Vice Pres./Controller; Kevin Lewis, Vice Pres., License Sales Total Number of Franchises in 1996: Properties: 42 Rooms: 2,953 Increase/Decrease of Franchises over 1995: Properties: + 22 Rooms: + 1,654 Regions under Franchise: North - 4% Midwest - 4% South - 72% West - 20%

Hilton Inns, Inc. 9336 Civic Center Dr., Beverly Hills, CA 90210 E-Mail: christine_cook@hilton.com Website: www.hilton.com Officers: Steve Bollenbach, Pres.; Dieter Huckestein, Pres., Hotel Div.; Jim Abrahamson, Exec. Vice Pres., Franchising; Matt Hart, Treas. Total Number of Franchises in 1996: Properties: 210 Rooms: 50,502 Increase/Decrease of Franchises over 1995: Properties: + 47 Rooms: + 8,889

Holiday Inn Worldwide 3 Ravinia Dr., Ste. 2500, Atlanta, GA 30346 Website: www.holiday-inn.com Officers: Thomas R. Oliver, Pres.; Martin R. Gavley, CFO Total Number of Franchises in 1996: Properties: 1,936 Rooms: 321,579 Company Owned: 58 Increase/Decrease of Franchises over 1995: Properties: + 126 Rooms: + 10,565 Regions under Franchise: North - 22% Midwest - 26% South - 34% West - 18%

ITT Sheraton Franchise Div. 100 Galleria Pkwy., Ste. 1350, Atlanta, GA 30339 E-Mail: sam_winterbottom@ittsheraton.com Officers: Robert Morse, Pres.; Samuel Winterbottom, Sr. Vice Pres. Total Number of Franchises in 1996: Properties: 159 Rooms: 43,964 Company Owned: 59 Increase/Decrease of Franchises over 1995: Properties: + 31 Rooms: + 11,710 Regions under Franchise: North - 35% East - 20% Midwest - 10% South - 15% West - 20%

InnSuites Hotels 1615 E. Northern Ave., #105, Phoenix, AZ 85070 E-Mail: isphoenix@attmail.com Website: www.innsuites.com Officers: James Wirth, Pres.; Greg Bruhn, Treas.; Marc Berg, Financial Advisor; Kevin W. Fell, Dir., Admn.; Calvin Quick, Vice Pres., Mktg.; James Green, Vice Pres., Purch. Total Number of Franchises in 1996: Properties: 9 Rooms: 1,518 Company Owned: 9 Increase/Decrease of Franchises over 1995: Properties: + 2 Rooms: + 496 Regions under Franchise: West - 100%

Inter-Continental Hotels and Resorts 100 Chopin Plaza, Miami, FL 33131 E-Mail: charles_brownfield@interconti.com Website: www.interconti.com Officers: Fred G. Peelen, Pres.; Charles E. Brownfield III, Sr. Vice Pres., Dev.

Lane Hospitality, Inc. 1200 Shermer Rd., Northbrook, IL 60062 Officers: John P. Rijos, Pres.; Dale Goodman, Pres., Eastern Reg.; Bill DeForrest, Sr. Vice Pres., Dev.; Scott R. Schory, CFO; Michael Burin, Tom Harwell, Rick Henrikson, Vice Pres., Opers. Total Number of Franchises in 1996: Properties: 39 Rooms: 8,238 Company Owned: 9 Increase/Decrease of Franchises over 1995: Properties: + 7; - 11 Regions under Franchise: East - 14% Midwest - 24% South - 37% West - 6%

Marriott International One Marriott Dr., Washington, DC 20058 Website: www.marriott.com Officers: J. W. Marriott Jr., CEO; William Shaw, Pres.; James Sullivan, Exec. Vice Pres.; Daryl Nickel, Sr. Vice Pres., Lodging Dev.; Michael Stein, CFO Total Number of Franchises in 1996: Properties: 564 Rooms: 80,030 Company Owned: 4 Increase/Decrease of Franchises over 1995: Properties: + 132

Ridgewood Hotels, Inc. 2859 Paces Ferry Rd., Ste. 700, Atlanta, GA 30339 Officers: N. Russell Walden, Pres.; Wayne McAteer, Pres., Hotel Div.; Samuel F. King, Sr. Vice Pres., Opers.; Karen S. Hughes, Treas. Total Number of Franchises in 1996: Properties: 10 Rooms: 1,857 Company Owned: 7 Increase/Decrease of Franchises over 1995: Properties: + 1 Regions under Franchise: North - 5% South - 80% West - 15%

Sage Hospitality Resources, L.P. 1512 Larimer St., Ste. 800, Denver, CO 80202 E-Mail: zacknewmeyer@sagehospitality.com Officers: Zachary Newmeyer, Pres.; Walter Isenberg, Exec. Vice Pres.; Ken Geist, Treas. Total Number of Franchises in 1996: Properties: 60 Rooms: 8,500 Company Owned: 40 Increase/Decrease of Franchises over 1995: Properties: + 5; - 7 Rooms: + 750; - 1,050 Regions under Franchise: North - 15% East - 25% Midwest - 15% South - 35% West - 10%

Select Inns Franchising, Inc. 9801 Dupont Ave. S, Ste. 190, Bloomington, MN 55431 E-Mail: premier@telepool.com Website: www.selectinn.com Officers: Scott B. Timmington, Pres.; Spencer L. Schram, Exec. Vice Pres. Total Number of Franchises in 1996: Properties: 15 Rooms: 1,528 Company Owned: 10 Increase/Decrease of Franchises over 1995:Properties: + 2; - 1 Rooms: + 200; - 100 Regions under Franchise: Midwest - 87% West - 13%

U.S. Franchise Systems, Inc. 13 Corporate Sq., Ste. 250, Atlanta, GA 30329 Website: www.hawthorn.com; www.microtelinn.com Officers: Michael Leven, Pres.; Steve Romaniello, Exec. Vice Pres., Franchise Sales/Dev.; Jim Darby, Exec. Vice Pres., Opers.; Debbie Campbell, Sr. Vice Pres., Mktg.; Neal Aronson, CFO Total Number of Franchises in 1996: Properties: 250 Rooms: 25,000 Increase/Decrease of Franchises over 1995: Properties: + 200; - 1 Rooms: + 19,000; - 80

Wingate Inns, L.P. 339 Jefferson Rd., Parsippany, NJ 07054 Website: www.wingateinns.com Officers: Frederick W. Mosser, Pres.; Donald G. Raider, Sr. Vice Pres., Dev.; Keith J. Pierce, Vice Pres., Mktg. Total Number of Franchises in 1996: Properties: 4 Rooms: 406 Increase/Decrease of Franchises over 1995: Properties: + 4 Rooms: + 406 Regions under Franchise: East - 16% Midwest - 19% South - 38% West - 27%

Wyndham Hotel Corp. 2001 Bryan St., Ste. 2300, Dallas, TX 75201 Website: www.wyndham.com Officers: James D. Carreker, Pres.; Les Bentley, Exec. Vice Pres.; Anne Raymond, Treas.; Mack Koonce, Exec. Vice Pres., Mktg./Strategic Planning Total Number of Franchises in 1996: Properties: 3 Rooms: 751 Increase/Decrease of Franchises over 1995: Properties: + 3; - 2 Rooms: + 751; - 639 Regions under Franchise: South - 33% West - 67%