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Choice board back Ledsinger

Choice Hotels
International has extended the employment agreement with Charles A. Ledsinger, Jr.,  chief executive officer, for four years. 

Under the extension, Ledsinger
‘s contract will run until December 2009.

“We are very pleased that Chuck Ledsinger will continue to
provide his tremendous leadership for our company,” said Stewart Bainum,
Jr., board chairman.  “Since Chuck joined Choice in 1998, the company has
enjoyed its most dynamic growth and has secured its position as a premier
lodging franchisor internationally.  We have seen the company’s average
total annual shareholder return exceed 29% during his tenure.  Today our
franchise system includes more than 5,000 hotels in more than 40 countries,
and Chuck’s strategic vision has played an integral role in that success.”
        “I deeply appreciate the Board’s confidence in my leadership, in
our strategy and in the exceptional management team we now have in place to
guide the company,” said Ledsinger.  “Today Choice is extremely
well-positioned to grow its brands and to provide our franchisees with
greater opportunities to maximize their investment.  I look forward to the
next four years as we strive to take the company’s performance to even
higher levels.”