HomeTowne Studios FDD – Franchise Information, Costs and Fees
Type of Business
The Franchisee will own and operate a “HomeTowne Studios by Red Roof” or a “Home Town Inn” guest lodging facility that offers hotel rooms and amenities for extended stay, temporary housing or transient visits.
Corporate Information
HomeTowne Studios, LLC is a Delaware limited liability company with a principal business address of 7815 Walton Parkway, New Albany, Ohio 43054. HTS was formed in October 2017. HTS is a wholly owned subsidiary of Red Roof Franchising, LLC, a Delaware limited liability company with a principal business address 7815 Walton Parkway, New Albany, Ohio 43054. RRF was formed in January 2007.
Investment
The total investment necessary to begin operation of a HomeTowne Studios by Red Roof or a Home Town Inn lodging franchise for a 65-room conversion hotel ranges from $345,500 to $1,238,500. These amounts do not include the costs of land, original construction or acquisition, or ground or building lease rent for the hotel location but do include the approximately $56,500 to $62,000 that must be paid to the franchisor or an affiliate.