Analyst Coverage

Avondale PartnersFred Lowrance
Bank of America – Merrill LynchShaun Kelly
Barclays CapitalFelicia Kantor
CitigroupMichael Bilerman
Credit SuisseJoel Simkins
Deutsche Banc North AmericaCarlo Santarelli
Friedman, Billings, RamseyC. Patrick Scholes
Goldman SachsSteve Kent
Janney Montgomery ScottBrian McGill
Jefferies & CompanyDavid Katz
JP Morgan Joe Greff
Millman ResearchMike Millman
MKM PartnersChristopher Agnew
Morgan StanleyMark Strawn
MorningstarChad Mollman
Nomura Securities International, Inc.Harry Curtis
R.W. BairdDavid Loeb
Susquehanna International GroupAmanda Bryant
UBSRobin Farley
Wall Street Strategies Conley  Turner
Wells Fargo Securities, LLCJeff Donnelly
Choice Hotels International, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Choice Hotels International, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Choice Hotels International, Inc. or its management. Choice Hotels International, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.