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, Stewart
10750 Columbia Pike
Silver Spring, MD 20901
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.
CHH
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
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 |
___________________________________________________________________________________________________________________________________|
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 |3,906,542 |I |Note 1 |
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" " |101,012 |I |Note 2 |
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" " |798,711 |I |Note 3 |
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" " |871,186 |I |Note 4 |
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" " |1,038,832 |I |Note 5 |
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" " |157,084 |I |Note 6 |
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" " |4,724 |D |Note 7 |
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___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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 (Rig|9/9/96 |9/9/06 |Common Stock |1,666 |$8.5551 |D | |
ht to Buy) | | | | | | | |
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" |9/9/97 |" |" " |1,666 |" |D | |
" | | | | | " | | |
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" |9/9/98 |" |" " |1,832 |" |D | |
" | | | | | " | | |
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" |9/28/97 |9/28/07 |" " |333 |$10.3922 |D | |
" | | | | | | | |
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" |9/28/98 |" |" " |367 |" |D | |
" | | | | | | | |
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" |9/28/99 |" |" " |368 |" |D | |
" | | | | | | | |
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" |Note 8 |9/30/06 |" " |1,100 |$11.5986 |D | |
" | | | | | | | |
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" |Note 9 |11/4/06 |" " |5,494 |$12.2095 |D | |
" | | | | | | | |
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" |Note 10 |9/16/07 |" " |642 |$16.488 |D | |
" | | | | | | | |
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" |Note 11 |10/16/07 |" " |5,000 |$17.625 |D | |
" | | | | | | | |
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___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
Note 1: Owned by the Stewart Bainum Declaration of Trust dated May 23, 1995
(the "SB Trust"), the sole trustee
of which is Mr.
Bainum.
Note 2: The proportionate interest of the SB Trust (500 shares) and the Jane
L. Bainum Declaration of Trust dated
May 23, 1995 (the "JLB Trust") (512 shares) in shares (1,779,628) owned by Mid
Pines Associates, L.P. in which
each trust is a limited partner. Also includes the proportionate interest of
the SB Trust and the JLB Trust in
Edelblut Partners, L.P., which is a limited partner in Mid Pines Associates,
L.P. (100,000) shares.
Note 3: Shares owned by the JLB Trust, the sole trustee of which is Jane
Bainum.
Note 4: Liquidation preference (as of 10/15/97) of limited partnership
interests of Mr. and Mrs. Bainum in Bainum
Associates Limited
Partnership.
Note 5: Liquidation preference (as of 10/15/97) of limited partnership
interests of Mr. and Mrs. Bainum in MC
Investments Limited
Partnership
Note 6: Represents the proportionate interests of shares owned by Realty
Investment Company, Inc., a real
estate investment and management company, of which the SB Trust and JLB Trust
are non-controlling
shareholders.
Note 7: Restricted stock granted under the Choice Hotels International, Inc.
Non-Employee Director Stock
Compensation
Plan.
Note 8: Such options vest in three equal annual installments beginning on
9/30/98.
Note 9: Such options vest in three equal annual installments beginning on
11/4/98.
Note 10: Such options vest in three equal annual installments beginning on
9/16/99.
Note 11: Such options vest in three equal annual installments beginning on
10/16/99.
SIGNATURE OF REPORTING PERSON
Stewart Bainum
DATE
2/12/98
