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Choice Hotels profits increase 11 percent

Choice Hotels International Inc., of Rockville, a franchiser with more than 6,300 hotels in the United States and over 35 other countries, reported an 11 percent increased profit for the second quarter. Net income was $35.4 million, or 60 cents per diluted share, from $31.8 million and 54 cents in the prior-year period. Franchising revenues ...