Choice Hotels Executes Lease for New Corporate Headquarters in Rockville, Maryland

Choice Hotels International, Inc. CHH today announced it has executed a lease for a 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."