SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________________
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 15, 1997
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Choice Hotels International, Inc.
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(Exact Name of Registrant as
Specified in Charter)
Delaware 52-1209792
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(State or Other Jurisdiction (IRS Employer
of Incorporation) Identification No.)
10750 Columbia Pike
Silver Spring, Maryland 20901
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(Address of Principal
Executive Offices)
(301) 979-5000
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(Registrant's telephone
number, including area code)
ITEM 5. Other Events
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Sunburst Hospitality Corporation (formerly known as Choice Hotels
International, Inc.) announced on October 16, 1997, that on October 15, 1997, it
had consummated the separation of its franchising business from its hotel real
estate business via a spin-off of its wholly owned subsidiary, Choice Hotels
Franchising, Inc. (the "Company").
On October 15, 1997, Choice Hotels International, Inc. changed its
name to "Sunburst Hospitality Corporation" and the Company changed its name to
"Choice Hotels International, Inc."
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits
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99.01 Distribution Agreement dated as of October 15, 1997 by and
between Choice Hotels International, Inc. (renamed Sunburst Hospitality
Corporation) and Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.)
99.02 Strategic Alliance Agreement dated as of October 15, 1997
by and between Choice Hotels International, Inc. (renamed Sunburst Hospitality
Corporation) and Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.)
99.03 Non-Competition Agreement dated as of October 15, 1997 by
and between Choice Hotels International, Inc. (renamed Sunburst Hospitality
Corporation) and Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.)
99.04 Employee Benefits Allocation Agreement dated as of October
15, 1997 by and between Choice Hotels International, Inc. (renamed Sunburst
Hospitality Corporation) and Choice Hotels Franchising, Inc. (renamed Choice
Hotels International, Inc.)
99.05 Employee Benefits Administration Agreement dated as of
October 15, 1997 by and between Choice Hotels International, Inc. (renamed
Sunburst Hospitality Corporation) and Choice Hotels Franchising, Inc. (renamed
Choice Hotels International, Inc.)
99.06 Tax Administration Agreement dated as of October 15, 1997
by and between Choice Hotels International, Inc. (renamed Sunburst Hospitality
Corporation) and Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.)
99.07 Tax Sharing Agreement dated as of October 15, 1997 by and
between Choice Hotels International, Inc. (renamed Sunburst Hospitality
Corporation) and Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.)
99.08 Office Sublease dated as of October 15, 1997 by and
between Choice Hotels International, Inc. (renamed Sunburst Hospitality
Corporation) and Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.)
99.09 Corporate Services Agreement dated as of October 15, 1997
by and between Choice Hotels International, Inc. (renamed Sunburst Hospitality
Corporation) and Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.)
99.10 Assignment of Employment Agreement dated as of October 15,
1997 by and among Choice Hotels International, Inc. (renamed Sunburst
Hospitality Corporation), Choice Hotels Franchising, Inc. (renamed Choice
Hotels International, Inc.) and William R. Floyd
99.11 Assignment of Employment Agreement dated as of October 15,
1997 by and among Choice Hotels International, Inc. (renamed Sunburst
Hospitality Corporation), Choice Hotels Franchising, Inc. (renamed Choice
Hotels International, Inc.) and Thomas Mirgon
99.12 Omnibus Amendment and Guaranty dated as of October 15, 1997
by and among Choice Hotels International, Inc. (renamed Sunburst Hospitality
Corporation), Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.) and Manor Care, Inc.
99.13 Pilot Services Agreement dated as of October 15, 1997 by
and between Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.) and Manor Care, Inc.
99.14 Time Sharing Agreement dated as of October 15, 1997 by
and between Choice Hotels Franchising, Inc. (renamed Choice Hotels
International, Inc.) and Manor Care, Inc.
99.15 Agreement dated as of October 15, 1997 by and between
Choice Hotels Franchising, Inc. (renamed Choice Hotels International, Inc.) and
Stewart Bainum, Jr.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Choice Hotels International, Inc.
By: /s/ Michael J. DeSantis
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Michael J. DeSantis
Senior Vice President,
General Counsel
and Secretary
Date: October 29, 1997
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