Exhibit 21.01

                                  SUBSIDIARIES


                                                                                            
711 West Development Park, LLC, a Delaware limited liability company
Brentwood Boulevard Hotel Development, LLC, a Delaware limited liability company
Capital Horizon Fund, LLC, a Delaware limited liability company
Choice Capital Corp., a Delaware corporation
Choice Hotels Australia Pty. Ltd., an Australian company
Choice Hotels Canada, Inc. (50% owned), a Canadian corporation
Choice Hotels International Asia Pacific, Pty. Ltd., an Australian company
Choice Hotels International Services Corp., a Delaware corporation
Choice Hotels Limited, a Cayman Islands company
Choice Hotels Netherlands Antilles N.V., a Netherlands Antilles corporation
Choice Hotels Singapore Pte. Ltd., a Singapore company
Choice Hotels Systems, Inc., a Canadian corporation
Choice International Hospitality Services Licensing Co. B.V., a Netherlands company
Choice International Hospitality Services, Inc., a Delaware corporation
Dry Pocket Road Hotel Development, LLC, a Delaware limited liability company
Flag Choice Hotels Limited, an Australian company
Park Lane Drive Hotel Development, LLC, a Delaware limited liability company
Quality Hotels Limited, a United Kingdom company