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HOSPITALITY FRANCHISE SYSTEMS INC. REPORTS RECORD HOTEL FRANCHISE SALES

 -- Franchisor Of Days Inn, Howard Johnson
 And Ramada Sets Annual, Quarterly And Records --
 PARSIPPANY, N.J., Jan. 6 /PRNewswire/ -- Hospitality Franchise Systems, Inc. (NYSE: HFS) today reported that it entered into 110 franchise agreements during December 1992 representing 10,179 hotel rooms. In the fourth quarter of 1992, the company entered into 185 agreements, representing 16,443 hotel rooms. This brings the total of franchises granted by HFS during 1992 to 458, comprising 40,116 hotel rooms.
 At year-end, HFS's backlog of executed franchise agreements, which represent units not yet open and operating in one of the company's three franchise systems, stood at 365 hotels and 30,818 rooms, the largest in the company's history.
 During 1992, the company opened 305 properties with approximately 27,000 hotel rooms. Henry Silverman, HFS chairman & CEO said, "We hope to exceed 1992 results by a significant margin in 1993. We anticipate approximately 50 hotels comprising 4,700 rooms to open in January, getting the year off to a very good start."
 Forty-nine percent of the company's new agreements entered into during the fourth quarter of 1992 are for the conversion of independent hotels and motels to one of HFS's three brands. Twenty seven percent represent conversion from other hotel brands such as Best Western, Comfort Inn, Econolodge, Clarion, Hilton, Sheraton, Holiday Inn and Travelodge, and 24 percent are for hotels to be built during 1993 and 1994.
 Mr. Silverman stated, "The growth of rooms in our systems is the key outcome driver affecting our planned increases in earnings per share. We are extremely pleased by the efforts of our franchise sales staff in the first month after we became a public company. As far as we can tell, these results are the highest ever in the hotel franchise industry during any month, quarter or year."
 John D. Snodgrass, HFS president & COO said, "We believe these results further validate our strategy of keeping our brands separate. This strategy allowed us to resolve a number of critical impact issues by offering our customer -- the franchisee -- more than one franchise option within HFS."
 Hospitality Franchise Systems, Inc., the world's largest franchisor of hotel rooms, is a publicly-held company with its stock traded on the New York Stock Exchange under the symbol "HFS." The company has more than 2,500 Days Inn, Howard Johnson, and Ramada franchised hotels with approximately 300,000 rooms in the United States, Canada, Mexico, India and Europe.
 -0- 1/6/93
 /CONTACT: Carol Bivins, 201-952-8413, or A.B. Albritton, 201-428-9700, both of Hospitality Franchise Systems/
 (HFS)


CO: Hospitality Franchise Systems, Inc. ST: New Jersey IN: LEI SU:

LD-TM -- NY003 -- 2061 01/06/93 08:45 EST
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Publication:PR Newswire
Date:Jan 6, 1993
Words:444
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