Cendant Acquires Franchise Rights for Ramada Hotel Brand

Ramada Franchise Systems, Inc., a subsidiary of Cendant Corporation, acquired, on December 20, 2002, the Canadian master franchise rights for the Ramada hotel brand from AFM Hospitality Corporation. The value of the deal is undisclosed.

Cendant and Ramada were represented in-house by Joel Buckberg, executive vice-president, deputy general counsel; and Lynn Feldman, vice-president, law and assistant secretary; in Canada, by Blake, Cassels & Graydon LLP with a team that included Gail Lilley, Bryson Stokes, Milly Chow and Michael Fabbri (corporate), Kathleen Penny and Allan Gelkopf (tax) and Connie Reeve (employment); and in the U.S., by Skadden, Arps, Slate, Meagher & Flom LLP. AFM Hospitality was represented by Aylesworth Thompson Phelan O’Brien LLP, with a team that included Rick Meagher, David Gray and Sean Zaboroski.