UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Bainum, Jr., Stewart
11555 Darnestown Road
Gaithersburg, MD 20878
2. Issuer Name and Ticker or Trading Symbol
Choice Hotels International, Inc. (formerly Choice Hotels Franchising, Inc.)
CHH
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
4/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |4/14/9|S | |21,000 |D |$17.6875 | | | |
|8 | | | | | | | | |
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Common Stock |4/14/9|S | |10,900 |D |$17.625 | | | |
|8 | | | | | | | | |
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Common Stock |4/14/9|S | |15,000 |D |$17.375 |502,252 |D |Note 1 |
|8 | | | | | | | | |
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" " |-- |-- |-|-- |-- |-- |95,869 |I |Note 2 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |246,140 |I |Note 3 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |6,768 |I |Note 4 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |1,222,593 |I |Note 5 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |909,412 |i |Note 6 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |851,669 |I |Note 7 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |66,553 |I |Note 8 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |1,108,800 |I |Note 9 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |824,768 |I |Note 10 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |700,214 |I |Note 11 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |220,022 |I |Note 12 |
| | |-| | | | | | |
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" " |-- |-- |-|-- |-- |-- |532,685 |I |Note 13 |
| | |-| | | | | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock Option (R|-- |-- |-- |-|-- -- |A,D|-- |-- |-- |-- |-- |484,987 |D | |
ight to Buy) | | | |-| | | | | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
Note 1: Shares held by the Stewart Bainum, Jr. Declaration of Trust dated
March 13, 1996 (the "Stewart Bainum, Jr.
Trust"), the sole trustee and beneficiary of which is Mr. Bainum,
Jr.
Note 2: The proportionate interest of the Stewart Bainum, Jr. Trust in shares
(1,779,628) owned by Mid Pines
Associates,
L.P.
Note 3: The proportionate interest of the Stewart Bainum, Jr. Grantor Retained
Annuity Trust dated September 10,
1996, the sole trustee of which is Mr. Bainum, Jr. in shares (1,779,628) in Mid
Pines Associates, L.P.
Note 4: The proportionate interest of various trusts, the beneficiaries of
which are Mr. Bainum, Jr.'s two minor
children in shares (1,779,628) in Mid Pines Associates,
L.P.
Note 5: The proportionate interest in shares (5,417,761) owned by Bainum
Associates Limited Partnership. Mr.
Bainum, Jr. is the Managing General Partner and has the sole right to dispose
of such shares.
Note 6: The proportionate interest in shares (4,415,250) owned by MC
Investments Limited Partnership. Mr. Bainum,
Jr. is the Managing General Partner and has the sole right to dispose of such
shares.
Note 7: The proportionate interest of the Stewart Bainum, Jr. Trust in shares
(3,567,869) owned by Realty
Investment Company, Inc., a real estate investment and management company in
which Mr. Bainum, Jr. owns
indirectly 23.8% of the outstanding common stock. Mr. Bainum, Jr.'s Trust has
shared voting and dispositive control
of such shares. Also includes 128,597 shares indirectly held through certain
trusts for the benefit of Mr. Bainum,
Jr.'s two minor
children.
Note 8: The proportionate interest of the Roberta Froom Irrevocable Trust in
shares (1,779,628) owned by Mid Pines
Associates, L.P. Mr. Bainum, Jr. is a co-trustee and his sister is the
beneficiary.
Note 9: The proportionate interest of the Roberta Froom Irrevocable Trust in
shares (5,417,761) owned by Bainum
Associates Limited Partnership. Mr. Bainum, Jr. is a co-trustee and his sister
is the beneficiary.
Note 10: The proportionate interest of the Roberta Froom Irrevocable Trust in
shares (4,415,250) owned by MC
Investments Limited Partnership. Mr. Bainum, Jr. is a co-trustee and his
sister is the beneficiary.
Note 11: The proportionate interest of the Roberta Froom Irrevocable Trust in
shares (3,567,869) owned by Realty
Investment Company, Inc. Mr. Bainum, Jr. is a co-trustee and his sister is the
beneficiary.
Note 12: The proportionate interest of certain trusts in shares (1,779,628) of
Mid Pines Associates, L.P. for the
benefit of Mr. Bainum, Jr.'s nephews. Mr. Bainum is the trustee and his
nephews are the beneficiaries.
Note 13: The proportionate interest in shares (3,567,869) of Realty Investment
Company, Inc. of certain trusts for the
benefit of Mr. Bainum, Jr.'s nephews. Mr. Bainum, Jr. is the trustee and his
nephews are the beneficiaries.
SIGNATURE OF REPORTING PERSON
Stewart Bainum, Jr.
DATE
5/8/98
