Choice Hotels Executes 130,000 Square Foot Office Lease for New Corporate Headquarters

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(ROCKVILLE, MD) -- Leading worldwide lodging company Choice Hotels International, Inc. recently announced it executed a lease for new corporate headquarters in Rockville, Md. The news follows the October 25, 2010, announcement by Governor Martin O'Malley, Montgomery County Executive Isiah Leggett and City of Rockville Mayor Phyllis Marcuccio that Choice Hotels had signed a letter of intent to move to Rockville when the lease on the company's current building expires in 2013.

The new headquarters will be located at a building being completed at 121 Rockville Pike in Rockville Town Center, where the company will occupy approximately over 130,000 square feet of Class A office space. The building will be developed, constructed, owned, and managed by the Foulger-Pratt Companies.

"We are very pleased that Montgomery County will continue to be our home and that we were able to secure a headquarters location in Rockville--a vibrant community convenient to the vast majority of our associate base," said Stephen P. Joyce, president and chief executive officer of Choice Hotels. "Rockville Town Center is the ideal location for Choice Hotels - offering easy access to Metro bus and rail service as well as a wealth of dining and shopping options for our associates, franchisees and our many visitors and business associates. Additionally, we are grateful to have the opportunity to direct the build out of our new headquarters to meet our unique specifications and needs."

Choice Hotels International was founded in 1941 and has been headquartered in Silver Spring, Md., since 1968. The company, which was assisted in its search by brokerage firm Studley, anticipates a summer 2011 groundbreaking for its new headquarters and a move-in date in spring 2013.

"Choice Hotels' commitment to investing and creating new jobs in Maryland speaks to the quality and availability of our workforce, our strategic location and the supportive business climate that the State and our partners in Montgomery County offer to businesses," said Governor O'Malley. "We are pleased that Choice, one of the world's largest lodging companies, will continue to make its home in Maryland and we look forward to working with the company as it continues to grow and expand in Rockville."

Choice Hotels International, Inc. franchises more than 6,100 hotels, representing more than 490,000 rooms, in the United States and more than 30 other countries and territories. As of March 31, 2011, more than 500 hotels were under construction, awaiting conversion or approved for development in the United States, representing more than 40,000 rooms, and approximately 100 hotels, representing approximately 8,400 rooms, were under construction, awaiting conversion or approved for development in more than 20 other countries and territories. The company's Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brands serve guests worldwide. In addition, via its Ascend Collection membership program, travelers in the United States, Canada and the Caribbean have upscale lodging options at historic, boutique and unique hotels.

"We are thrilled to partner with Choice Hotels International in building Rockville Metro Plaza II to be their worldwide corporate headquarters, and are grateful to the City, the County, and the State for their substantial effort in attracting Choice to the City of Rockville," said Clayton Foulger, principal at Foulger-Pratt. "We believe this beautiful new building, designed to accommodate Choice's specific corporate needs, will be a wonderful long-term home for them and a wonderful addition to the City of Rockville that will benefit all parties. We are excited to be involved in this dynamic project at this time."

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