Ownership Submission
FORM 5
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
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
BAINUM BRUCE
 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)
(Last)
(First)
(Middle)

8171 MAPLE LAWN BLVD, SUITE 375		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


FULTON, MD 20759		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
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)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

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 Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BAINUM BRUCE
8171 MAPLE LAWN BLVD
SUITE 375
FULTON, MD 20759		     X    

Signatures

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

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(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.

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