UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Bainum, Jr., Stewart
11555 Darnestown Road
Gaithersburg, MD 20878
2. Date of Event Requiring Statement (Month/Day/Year)
10/15/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Issuer Name and Ticker or Trading Symbol
Choice Hotels International, Inc. (formerly Choice Hotels Franchising, Inc.)
CHH
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman
6. If Amendment, Date of Original (Month/Day/Year)
10/28/97
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>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C>
Common Stock |549,152 |I |Note 1 |
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" " |136,968 |I |Note 2 |
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" " |205,041 |I |Note 3 |
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" " |6,768 |I |Note 4 |
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" " |1,221,215 |I |Note 5 |
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" " |906,913 |I |Note 6 |
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" " |851,669 |I |Note 7 |
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" " |66,549 |I |Note 8 |
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" " |1,107,550 |I |Note 9 |
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" " |822,502 |I |Note 10 |
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" " |701,340 |I |Note 11 |
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" " |220,737 |I |Note 12 |
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Common Stock |565,809 |I |Note 13 |
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___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C>
Common Stock Option (R|Note 14 |11/2/98 |Common Stock |105,000 |$2.8966 |D | |
ight to Buy) | | | | | | | |
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" |Note 14 |11/2/99 |" " |76,484 |$2.6414 |D | |
" " | | | | | | | |
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" |Note 15 |10/23/00 |" " |46,781 |$3.0109 |D | |
" " | | | | | | | |
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" |Note 16 |10/31/01 |" " |47,671 |$3.955 |D | |
" " | | | | | | | |
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" |Note 17 |10/21/02 |" " |32,078 |$6.4484 |D | |
" " | | | | | | | |
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" |Note 18 |12/6/03 |" " |43,167 |$6.9078 |D | |
" " | | | | | | | |
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" |Note 19 |6/21/05 |" " |63,563 |$9.2807 |D | |
" " | | | | | | | |
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" |Note 20 |7/1/06 |" " |64,748 |$12.113 |D | |
" " | | | | | | | |
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" |Note 21 |11/4/06 |" " |5,495 |$12.2095 |D | |
" " | | | | | | | |
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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 127,088 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.
Note 14: All options are currently
exercisable.
Note 15: 37,425 options are currently exercisable; the remainder vest on
10/23/98.
Note 16: 19,068 options are currently exercisable; the remainder vest on three
annual installments of 9,534
beginning on 10/21/98.
Note 17: 12,832 options are currently exercisable; the remainder vest in three
annual installments of 6,416
beginning on
10/21/98.
Note 18: 8,634 options are currently exercisable; the remainder vest in two
annual installments of 4,317 options
beginning on 12/6/97 and three annual installments of 8,633 options beginning
on 12/6/99.
Note 19: 25,426 options are currently exercisable; the remainder vest in three
annual installments of 12,713
options beginning on
6/21/98.
Note 20: 12,950 options are currently exercisable; the remainder vest in four
annual installments of 12,950
options beginning on
7/1/98.
Note 21: Such options vest in three equal annual installments beginning on
11/4/98.
SIGNATURE OF REPORTING PERSON
Stewart Bainum, Jr.
DATE
2/12/98
