Word: fai
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Dates: during 1980-1989
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...came to court but came instead to an agreement in which Marriott and Prime each put up $500,000 to enable as many as 90 old-timers to incorporate in 1986 as Franchise Associates, Inc. A year later, 54 of the licensees actually bought stock in the new company. FAI now includes 137 individually owned Howard Johnson's restaurants in 26 states, a far cry from the 1,040 of yesteryear, but still . . . And although they don't all have all 28 flavors of Howard Johnson's ice cream, an FAI spokesman admits, they all have at least 18. Which...