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HFS SUCCESSFUL IN ITS BID FOR DAYS INNS; NAMES NEW PRESIDENT

 HFS SUCCESSFUL IN ITS BID FOR DAYS INNS; NAMES NEW PRESIDENT
 PARSIPPANY, N.J., Jan. 9 /PRNewswire/ -- Hospitality Franchise Systems announced today that its bid to purchase the franchising system of Days Inns of America has received final approval from the U.S. Bankruptcy Court in Wilmington, Del. The closing is scheduled for later this month.
 HFS also owns the franchise rights to Ramada Inns, Hotels, Suites and Ramada Limited in the United States and to Howard Johnson Inns, Lodges, Hotels, Plaza-Hotels and HoJo Inns worldwide. There are approximately 575 Ramada Hotels, inns and suites, and 525 Howard Johnson lodges, hotels, suites and HoJo Inns. The addition of the 1,250 Days properties makes HFS the largest hotel company in the world.
 In a related move, it was announced that Days Inns President John Snodgrass would become president and chief operating officer of HFS and would relocate from Days Inns' headquarters in Atlanta to HFS' corporate offices in Parsippany, N.J.
 -0- 1/9/92
 /CONTACT: Carolyn Bryson or Nancy Berrian of Hospitality Franchise Systems, 201-428-9700/ CO: Hospitality Franchise Systems; Days Inns of America ST: New Jersey, Georgia IN: LEI SU: TNM


CK-OS -- NY034 -- 8196 01/09/92 11:44 EST
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Publication:PR Newswire
Date:Jan 9, 1992
Words:201
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