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Financial Highlights
As Revised (See Note 1 to the Consolidated Financial Statements)


(a) Reflects franchise revenues exclusive of marketing and reservation pass through fees (see Note 1).
(b) Recurring income from operations and recurring net income exclude the impact of restructuring charges, the asset impairment and equity loss on Friendly Hotels PLC, (gain) loss on sale of investments, write-off of deferred financing costs and the loss on Sunburst Hospitality Corporation note.
(c) Note: December 31, 1998 earnings per share includes $0.12 related to the early extinguishment of certain long-term debt obligations.

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