Mr. Chichester said Marriott expects to add 15 to 20 full-service hotels and 30 to 35 "Courtyard by Marriott" moderately priced hotels a year through 1993.

Renault, which had the largest share of the business last year leasing to more than 20,000 American and Canadian travelers, has introduced a program that entitles the driver to pay discount prices for stays at 300 modestly priced hotels and inns in Paris and the countryside.

"There are two periods when New York is soft: January and July," said Vijay Dandapani, the chief operating officer of Apple Core Hotels, the group of five moderately priced hotels in Midtown that ran the promotion aimed at grandparents.

Giddy at the prospect of so much pleasure for so little money, we decided to splurge, and slipped into the cool, green coutyard of the Yesil Ev Hotel, one of a number of small, reasonably priced (if not budget) hotels in nicely restored Ottoman houses in the Old City.

I am not going to say my 'cheap' budget is say $30 a night or whatever, but any advise on 'reasonably' priced hotels etc would be greatly appreciated.

In the new village, a few hundred yards up the road, there are several very reasonably priced hotels and cafes.

There are several moderately priced hotels on Cap-Ferrat including the Panoramic (76.00.37), with 20 rooms from $66 to $86, and the Brise Marine (76.04.36) with 15 rooms from $103 to $114.

Days Inns, which operates modestly priced hotels and motels, has an equity holding of 30 percent in the joint venture that will build the hotels, known as the Mahindra Day's Hotel and Resorts Ltd.