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LAWSUITS FILED AGAINST NENDELS AND CERTAIN DIRECTORS

 LAWSUITS FILED AGAINST NENDELS AND CERTAIN DIRECTORS
 SAN FRANCISCO, May 7 /PRNewswire/ -- Aspinone Ventures Ltd., John P. Matlick, and John F. Rothman today announced they had filed an amended Schedule 13D with the Securities and Exchange Commission related to their previously announced effort to seek control of Nendels Corp. (NASDAQ: NEND), a Seattle-based hotel franchising company. Aspinone is the controlling shareholder of Park Inns International Inc., a hotel franchising company. Matlick is the former president and CEO of Nendels, and Rothman is a shareholder of Nendels.
 The amended 13D states that on May 1, 1992, Rothman commenced a derivative stockholders lawsuit against C. Richard Kearns, Phillip L. Gerstner, and Sherry S. Moore, all of whom are directors of Nendels, and Lodging Hospitality Associates, an affiliate of these three individuals. The lawsuit alleges that by pursuing a transaction with Nendels involving a hotel property owned by Lodging Hospitality Associates and other actions designed to transform Nendels business from hotel franchising to real estate ownership, all without proper corporate authority, the defendants have engaged in improper self- dealing and have breached fiduciary obligations owed to Nendels and its shareholders in violation of Nevada and common law.
 The 13D further states that on May 5, 1992, Matlick filed a lawsuit against the same three individuals. This lawsuit alleges that the March 5, 1992, termination of Matlick's employment as president and CEO of Nendels was without just cause and in retaliation for Matlick's opposition to the real estate transaction that is the subject of the stockholders derivative lawsuit.
 Nendels Corp. is a franchisor of mid-priced and economy hotels, suites, inns, and resorts operated under the Nendels name and the company has approximately 70 licensed locations in operation. Park Inns also has approximately 70 licensed locations in operation in its U.S. system and offers franchised hotel products similar to Nendels.
 Park Inns has proposed that Nendels and Park Inns combine their franchise systems, and Matlick and Rothman have been working with Park Inns in an effort to bring about a combination of the two companies. Any transaction between Nendels and Park Inns would be subject to the negotiation and execution of definitive agreements and other matters, and it is contemplated that any combination of the two companies would be subject to the approval of the shareholders of both companies.
 -0- 5/7/92
 /CONTACT: Jonathan R. Read of Park Inns, 415-362-0987/
 (NEND) CO: Park Inns; Nendels ST: California, Washington IN: LEI SU:


MC-RM -- SF007 -- 7791 05/07/92 16:14 EDT
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Publication:PR Newswire
Date:May 7, 1992
Words:417
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