Signature Inn FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered in this disclosure document is for the right to operate a Signature Inn-branded hotel.
Corporate Information
Sonesta RL Hotels Franchising Inc. is a corporation formed in the state of Washington on December 24, 1986, as Vance Hotels, Inc. On September 19, 2005, they changed their name to Red Lion Hotels Franchising, Inc. and, on September 23, 2021, they subsequently changed their name to Sonesta RL Hotels Franchising Inc.Their principal business address is 400 Centre Street, Newton, Massachusetts 02458. They have offered franchises for Signature Inn Hotels since October 2017.
Investment
The total investment necessary to convert an existing hotel into a 40-room Signature Inn Hotel is $244,945 to $1,040,945. This estimate includes $27,945 to $42,445 that must be paid to the franchisor. The total investment necessary for a newly-constructed 40-room Signature Inn Hotel is $3,336,030 to $6,401,915, excluding the cost of purchasing or leasing land or any real estate taxes. This estimate includes $27,945 to $45,445 that must be paid to the franchisor.
