Table of Contents
Cover Page
Financial Highlights
To Our Shareholders
We Must Be Travelers, Too
Reaching More Consumers
Delivering Exceptional Services
Building Strong Brands
Choice's International Division
Management's Discussion and Analysis
Report Of Independent Public Accountants
Consolidated Statements of Income
Consolidated Balance Sheets
Consolidated Statements of Cash Flows
Consolidated Statement of Shareholders' Equity
Notes to Financial Statements
Board of Directors and Corporate Officers
Corporate Information
Choice Enhances Diversity Programs
Back Cover
Digitized by
the Annual Report Gallery
END OF 2000 ANNUAL REPORT
FOR
CHOICE HOTELS INTERNATIONAL
