Aloft hotels FDD Summary


Type of Business
The franchisee will establish and operate an Aloft® hotel  under a franchise agreement with The Sheraton LLC.


Corporate Information
The Sheraton LLC is a Delaware limited liability company, indirectly wholly owned by Starwood Hotels & Resorts Worldwide, Inc. They were incorporated on June 10, 1974 under the name The Sheraton Corporation. On October 24, 1989, they changed their name to ITT Sheraton Corporation. On December 31, 1999, they changed their name to The Sheraton Corporation, and on April 10, 2006, they changed their name and organizational form to The Sheraton LLC. Their principal address is One StarPoint, Stamford, Connecticut 06902. The address of their Franchise Office is 600 Galleria Parkway, Suite 1700, Atlanta, Georgia 30339.


Investment
The total investment necessary to begin operation of a 136 guest room conversion Aloft Hotel franchise is approximately $1,381,750 to $11,597,000, which includes $147,500 to $358,000 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a 136 guest room new build Aloft Hotel franchise is approximately $15,427,250 to $21,851,000, which includes approximately $147,500 to $353,000 that must be paid to the franchisor or its affiliates. These sums do not include any costs for real estate.


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