Sleep Inn FDD – Franchise Information, Costs and Fees


Type of Business
The franchise offered is for the right to construct and operate a hotel under our name and primary business trademark “SLEEP INN®” or “SLEEP INN & SUITES®”.


Corporate Information
Choice Hotels International, Inc. is a Delaware corporation formed on January 8, 1963, under the name Quality Inns International, Inc. They changed their corporate name to Choice Hotels International, Inc. on July 25, 1990. From November 1, 1996 to October 15, 1997, their corporate name was Choice Hotels Franchising, Inc. Their name has been Choice Hotels International, Inc. since October 15, 1997. Their principal business address is 1 Choice Hotels Circle, Suite 400, Rockville, Maryland 20850. They began offering franchises under the trademark SLEEP INN in 1987.


Investment
The total investment necessary to begin operation of a SLEEP INN & SUITES hotel business is between $7,322,750-$9,173,695, assuming the SLEEP INN & SUITES hotel contains 84 guestrooms but excludes the cost of real estate. This includes $48,750 to $59,095 that must be paid to the franchisor or its affiliates as follows: an affiliation fee of $300 per room for new construction and $550 per room for transfers and renewals ($40,000 minimum for new franchises, $45,000 for transfers and renewals); a property management system software license fee of between $8,750 and $10,750; and orientation and hospitality training fees of between $0 and $3,345 per person. These sums do not include the cost of purchasing or leasing land or any real estate taxes.


Sleep Inn FDD

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