SEC Form 5

FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0362 Estimated average burden hours per response: 1.0
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported.
	Form 4 Transactions Reported.

1. Name and Address of Reporting Person* BAINUM BRUCE (Last) (First) (Middle) 8171 MAPLE LAWN BLVD SUITE 375 (Street) FULTON MD 20759 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CHOICE HOTELS INTERNATIONAL INC /DE [ CHH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock							130,814	I	See Footnote(2)
Common Stock	09/04/2006	09/04/2006	J	118,890	D	$0	0	I	See Footnote(3)
Common Stock							81,424	I	See Footnote(6)
Common Stock							1,400,370	I	See Footnote(7)
Common Stock							1,400,428	I	See Footnote(10)
Common Stock	01/31/2006	01/31/2006	J	12,375	D	$0	130,749	I	See Footnote(4)(13)
Common Stock	09/04/2006	09/04/2006	J	118,890	A	$0	205,020	I	See Footnote(9)
Common Stock							306,200	I	See Footnote(8)
Common Stock							133,332	I	See Footnote(11)
Common Stock							21,502	I	See Footnote(12)
Common Stock	01/31/2006	01/31/2006	J	12,375	A	$0	4,119,877	I	See Footnote(13)
Common Stock	08/30/2006	08/30/2006	J	9,900	A	$0	4,129,777	I	See Footnote(13)
Common Stock	08/30/2006	08/30/2006	J	9,900	D	$0	120,849	I	See Footnote(4)(13)
Common Stock	09/04/2006	09/04/2004	J	120,849	D	$0	0	I	See Footnote(1)(4)
Common Stock	01/31/2006	01/31/2006	J	13,100	A	$0	3,183,686	I	See Footnote(5)(14)
Common Stock	08/30/2006	08/30/2006	J	67,500	A	$0	3,251,186	I	See Footnote(5)(14)
Common Stock	09/04/2006	09/04/2006	J	120,849	A	$0	120,849	I	See Footnote(15)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Mr. Bainum transferred all shares in his GRAT to a trust for the benefit of his children. The GRAT was terminated.

2. The proportionate interest in shares (1,200,000) owned by Mid Pines Associates, L.P. ("Mid Pines") by the Trust, the sole trustee of which is Mr. Bainum.

3. The proportionate interest of the Bruce Bainum Grantor Retained Annuity Trust dated September 5, 1996, ("GRAT") the sole trustee of which is Mr. Bainum, in shares (1,200,000) owned by Mid Pines. The entire interest was transferred to a trust for the benefit of Mr. Bainum's children.

4. Shares owned by the GRAT, the sole trustee and beneficiary of which is Mr. Bainum.

5. Shares owned by the Roberta Bainum Irrevocable Trust. Mr. Bainum is trustee and his sister is the beneficiary. Beneficial ownership is disclaimed.

6. The proportionate interest of the Roberta Bainum Irrevocable Trust in shares (1,200,000) owned by Mid Pines. Mr. Bainum is trustee and his sister is the beneficiary. Beneficial ownership is disclaimed.

7. The proportionate interest of the Trust in shares (7,135,738) owned by Realty Investment Co. Inc., a real estate investment and management company in which Mr. Bainum is a noncontrolling shareholder.

8. The proportionate interest in shares owned by Realty Investment Company, Inc. (7,135,738) of (a) shares owned in trust for the benefit of Mr. Bainum's minor child (86,220), (b) shares owned in trust for the benefit of Mr. Bainum's adult children in which Mr. Bainum is the trustee (204,134) and (c) shares owned directly by Mr. Bainum's minor child (15,846).

9. The proportionate interest in shares owned by Mid Pines (1,200,000) of (a) shares owned in trust for the benefit of Mr. Bainum's minor child (11,960), AND (b) shares owned in trust for the benefit of Mr. Bainum's adult children for which Mr. Bainum is the trustee (74,170), AND (c) shares owned in trust for the benefit of Mr. Bainum's children (118,890).

10. The proportionate interest of the Roberta Bainum Irrevocable Trust in shares (7,135,738) owned by Realty Investment Co. Inc. Mr. Bainum is trustee and his sister is the beneficiary. Beneficial ownership is disclaimed.

11. Shares owned by trusts for the benefit of Mr. Bainum's adult sons. Mr. Bainum is the sole trustee and his sons are the beneficiaries. Beneficial ownership is disclaimed.

12. Shares owned by a trust for the benefit of Mr. Bainum's minor child.

13. The GRAT transferred shares to the Trust.

14. The Roberta Bainum Irrevocable Trust acquired additional shares as a distribution from the Roberta Bainum GRAT.

15. Shares owned by a trust for the benefit of Mr. Bainum's minor child and adult sons.

	Christine A. Shreve, Attorney-in-fact	02/07/2007
	** Signature of Reporting Person	Date
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