Villager Hotels And Era Real Estate Announce Cross-Industry Marketing Agreement

Two Cendant Corporation subsidiaries, Villager Franchise Systems Inc. and ERA Franchise Systems Inc., today announced a marketing agreement that will offer hotel discounts to ERA real estate customers who are relocating their homes.
Under the agreement, the ERA® global customer base and the company`s more than 28,000 member brokers and agents will be eligible to receive a 15 percent discount at Villager extended-stay hotels.


ERA customers who choose to stay at Villager hotels will find rooms with mini-kitchenettes to oversized suites featuring fully equipped kitchens with refrigerators, cooking facilities, generous workspace and separate living and sleeping areas. All Villager hotels offer free cable television with news, sports and premium movie channels. Many locations feature guest laundry and fitness facilities.


“We recognize that many relocating homeowners are in need of transition accommodations, and we are thrilled to partner with our sister company, ERA, to offer both their customers and employees an affordable, home-away-from home lodging experience,” said Ken Rodgers, Villager president & chief executive officer. “With more than 175 locations open or under development across the United States, Canada and Mexico, the Villager chain of extended-stay hotels is perfectly positioned to meet the needs of ERA customers.”


Noting that real estate “is, at its core, a value-added, service business,” Peter Burgdorff, president & chief executive officer of ERA Franchise Systems Inc., said: “Every time an ERA broker or agent helps a consumer choose a neighborhood, secure a mortgage or identify a local service provider, they`re making the relocation process easier. Thanks to this new alliance with Villager, we`re able to provide yet another invaluable service to consumers - namely, helping them to find a place to stay while they`re moving into a new home.”


Villager Franchise Systems Inc., an extended-stay chain of 175 properties open or under development representing more than 14,000 guest rooms in the Unites States, Canada and Mexico, is a subsidiary of Cendant Corporation (NYSE: CD). For reservations or further information, call the Villager toll-free reservations number, (800) 328-7829, or access the chain`s Web site at www.villager.com. For franchising opportunities for Hearthside Extended Stay Studios by Villager and other Villager products, please call (800) 758-8999.

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ERA Franchise Systems Inc., also a subsidiary of Cendant Corporation, is a global leader in the residential real estate industry with nearly 30 years` experience in developing consumer-oriented products and services. The ERA real estate network includes more than 2,500 independently owned and operated brokerage offices with more than 28,000 brokers and sales associates throughout the United States and 26 other countries and territories. The ERA Internet address is www.ERA.com. ERA properties may also be accessed through www.REALTOR.com.


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