Choice Affirms 2nd Quarter `01 Estimates

SILVER SPRING, Md. (April 26, 2001) - Choice Hotels International, Inc., 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 for2002, 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.