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  Cendant Creates a Hotel Management Company to Oversee More
than 20 Managed Wyndham Hotels; Greg Ade Named President
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PARSIPPANY, N.J. (Nov. 4, 2005) – Cendant Hotel Group today announced it has established a hotel management company to manage and oversee the daily operations of its more than 20 managed Wyndham® hotels and appointed Greg Ade, a veteran lodging executive who has managed 1,000-plus-room hotels, as its president.

Reporting to Steven A. Rudnitsky, Hotel Group chairman and chief executive officer, Ade will oversee the company’s managed Wyndham hotels and the nearly 3,500 employees who work in them.

Providing management services is a prerequisite to success in the upscale segment, Rudnitsky said.  “By managing hotels, we will gain insight and experience to better understand the needs of our owners and franchisees, promote franchise development and accelerate new-construction projects beyond what would be possible in a pure franchising model.”

Ade’s nearly three decades of experience includes managing hotels with more than 1,000 rooms, including the New York Palace and several other world-class properties.

“Greg Ade understands the Wyndham product and the upscale segment and will help us develop a premier management company that will provide best-in-class operations,” Rudnitsky said.  “He also will work closely with the Wyndham management team to strengthen and position the brand for future growth.”

Ade formerly served Interstate Hotels and Resorts of Arlington, Va., as vice president, operations.  He joined that company in 1996 as a regional vice president.  Prior to that he worked at the property level since 1976 in hotels throughout New York, New Jersey, Connecticut, Massachusetts, Georgia, Florida, Maryland, California and Illinois in a variety of capacities including general manager and rooms division manager. 

Ade received his bachelor’s degree in hotel management from the University of Denver. 

New York City-based Cendant Corporation (NYSE:CD) provides travel and residential real estate services to businesses and consumers in more than 100 countries.  Cendant Hotel Group, based in Parsippany, N.J., is one of the world’s largest lodging companies with 6,450 hotels representing 541,233 rooms on five continents under the Wyndham®, Super 8®, Days Inn®, Ramada®, Travelodge®, Howard Johnson®, Knights Inn®, Wingate Inn® and AmeriHost Inn® brands.  All hotels are individually owned and operated under franchise agreements with Cendant subsidiaries.

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Contact:

Jennifer Zimmerman
Manager, Communications
Cendant Hotel Group
1 Sylvan Way
Parsippany, NJ  07054
(973) 496-0750
Jennifer.Zimmerman@cendant.com

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Also See: Cendant Corporation Acquiring the Wyndham Hotel Brand and Franchise System for $100 million in Cash; Includes 82 Franchise Agreements and 29 Hotel Management Contracts / September 2005
Peter Strebel Named President of Wyndham Worldwide; Jean Thomas Named EVP and Chief Marketing Officer for Cendant's Just Acquired Brand / October 2005

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