Hotel Operators Get Chance To 'Test Drive' Knights Inn Brand

Hotel operators now can experience the benefits of the Knights Inn� brand at minimum risk by participating in its Knights Inn Test Drive program, which features a franchise agreement with one-year initial window, low initial payments and a flexible fee structure. Operators who sign a franchise with the Knights Inn brand under the Knights Inn Test Drive program pay a $5,000 initial franchise fee, $1,000 application fee and sign a three-year agreement that features a mutual window after the first year. In addition, owners of properties with 50 rooms or more have the option of paying a flat fee of $20.80 or 5 percent of revenues per room per month.

"Our objective is to remain competitive and accelerate the growth of our brand," said Knights Inn President Rajiv Bhatia. "Through the new Knights Inn Test Drive program, I'm confident that we'll attract new franchisees, who will enjoy being a part of our brand so much that they'll want more than just a test drive." About Knights Inn There are 213 Knights Inn hotels in the United States and Canada. All Knights Inn hotels are independently owned and operated under franchise agreements with Knights Franchise Systems Inc. Reservations can be made by calling the Knights Inn toll-free reservation center at (800) 843-5644 or through the company's Web site at www.knightsinn.com. Knights Franchise Systems is a subsidiary of Cendant Corporation (NYSE: CD).

EDITORS: For more information about Cendant Corporation and trends associated with its businesses, go to www.Cendant.com and click on Media Center. The site includes an archive of news releases, biographies of the company's senior leaders, backgrounders and financial reports.

Media Contact: Christine Da Silva Senior Manager, Media Relations Cendant Hotel Group 1 Sylvan Way Parsippany, NJ 07054 (973) 496-0750 [email protected]

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