| 11. | AFC was formerly the franchiser of Seattle's Best Coffee and Cinnabon.
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| 12. | Bengur is President of Eggspectation USA, a restaurant franchiser based in Baltimore.
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| 13. | This time last year, HFS was the largest franchiser in the hospitality industry.
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| 14. | HFS is America's largest franchiser of hotels and real-estate brokerages.
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| 15. | The agreement was made with a private investor who is already an Accor franchiser.
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| 16. | A franchiser typically sells the right to use its name, resources and business practices.
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| 17. | Up to now, HFS has mainly been a franchiser of hotels and residential brokerages.
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| 18. | It won plaudits as a top franchiser.
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| 19. | Cendant is the franchiser of brand names such as Ramada, Avis and Century 21.
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| 20. | A Kentucky-based franchiser, Yum!
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