Days Inns Worldwide Inc. has stretched its global network of franchised hotels to 29 countries with the signing of a master license agreement with Global V Hospitality Inc. to market the brand in Egypt.

Global V Hospitality, based in Cairo, Egypt, is a hotel management and franchising company owned by Mohamed Awad.

We are very excited about the addition of Egypt to our system as Days Inns continues to play the leading role in the global market for franchised hotels, said Joe Kane, Days Inns president and chief executive officer. For more than 30 years we were predominately a domestic brand with hotels reaching coast to coast. Today we have 18 international license agreements.

To reflect this growing international presence, the company changed its name last March from Days Inns of America Inc. to Days Inns Worldwide Inc.

Days Inns has international agreements to market the brand in Argentina, Bulgaria, Canada, China, Colombia, Croatia, Czech Republic, Egypt, Hungary, India, Italy, Japan, Jordan, Korea, Mexico, Morocco, Namibia, Paraguay, Philippines, Poland, Russia, Slovakia, Slovenia, South Africa, Taiwan, Uruguay, United Kingdom, Venezuela and Zimbabwe.

In addition to the United States and Puerto Rico, Days Inn hotels currently are open in Canada, China, Colombia, Czech Republic, Hungary, India, Jordan, Mexico, Philippines, South Africa, United Kingdom and Uruguay.

The brand expects significant growth to come from international locations, specifically the Middle East, as illustrated by the agreement for Egypt, which requires the development of 10 hotels by 2002, said Bill Hanley, senior vice president and managing director of Cendants International Hotel Division.

“Last month a master license agreement was signed for Jordan, he said. Under that agreement, the Days Inn Amman Hotel & Suites is scheduled to open this November. Other countries targeted for the brands continued growth include Saudi Arabia, the United Arab Emirates, Pakistan, Spain and the Dominican Republic.

The Days Inns system includes over 1,900 properties representing nearly 162,000 rooms. It hosts 38 million guests annually and averages 200,000 guests every night. Thirty years ago Cecil B. Day, founder of Days Inns, created the economy segment, and today consumer surveys, including D.K. Shifflet & Associates, still rank Days Inn hotels in first place.

Days Inns Worldwide, based in Parsippany, N.J., is a subsidiary of Cendant Corporation (NYSE:CD), the worlds largest lodging franchisor and a global provider of real estate, travel and direct-marketing related consumer and business services. Headquartered in New York City, Cendant has approximately 28,000 employees and operates in more than 100 countries.

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