Affordable Suites of America FDD – Franchise Information, Costs and Fees
Type of Business
An Affordable Suites of America™ hotel is an extended- stay hotel offering temporary housing on a weekly or monthly rental basis. ASA offers franchisees the right to develop individual Hotels under a Franchise Agreement. Franchisee will provide hotel services under the name “Affordable Suites of America™.”
Corporate Information
LG AS Franchisor LLC is a Delaware limited liability company formed on October 29, 2018. Their principal business address is 10801 Monroe Road, Suite 200, Matthews, North Carolina 28105. Their predecessor is Affordable Suites of America, Inc. who operated the Affordable Suites of America franchise system from 1998 until they acquired substantially all of its assets in January 2019.
Investment
The total investment necessary to begin operation of a new Affordable Suites of America™ Hotel with 75 suites is between $5,077,700 and $10,190,100, excluding real estate costs. This includes between $40,000 and $42,500 that must be paid to the franchisor or an affiliate. The total investment necessary to convert an existing hotel and begin operation of a 75-suite Affordable Suites of America™ Hotel is from $193,100 to $1,765,100. This includes between $40,000 and $42,500 that must be paid to the franchisor or an affiliate.
