Comfort Inn 2013 Annual Report Download - page 36

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Table of Contents
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The graph below compares the cumulative 5-year total return of holders of Choice Hotels International, Inc.'s common stock with the cumulative total
returns of the NYSE Composite index and the S&P Hotels, Resorts & Cruise Lines index. The graph tracks the performance of a $100 investment in our
common stock and in each of the indexes (with the reinvestment of all dividends) from December 31, 2008 to December 31, 2013.
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



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
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Choice Hotels
International, Inc. $100.00
$89.77
$108.06
$104.30
$133.44
$117.52
$135.51
$143.59
$162.62
$193.71
$241.65
NYSE Composite 100.00
104.27
128.28
116.91
145.46
153.75
139.87
148.03
162.23
178.44
204.87
S&P Hotels,
Resorts & Cruise
Lines 100.00
115.65
155.86
161.37
238.89
212.56
192.88
228.81
241.45
250.96
311.82
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
36