Ascend Hotel Collection FDD Summary
Type of Business
The membership offered in this disclosure document is for the rights to own and/or operate an ASCEND HOTEL COLLECTION® or ASCEND RESORT COLLECTION® hotel business.
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 corporate 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.
The total investment necessary to begin the operation of a newly constructed 80-room ASCEND hotel is between $7,846,470 and $10,775,479 and the total investment necessary to convert a qualified existing hotel and begin operation of an 88-room ASCEND hotel is between $265,950 and $2,137,199. This includes an affiliation fee of $375 per room ($30,000 minimum); a property management system software license and systems training fee of between $10,250 and $14,250; and hospitality training fees of between $0 and $999 per person, all of which must be paid to the Franchisor or its affiliates. These sums do not include the cost of purchasing or leasing land or any real estate taxes.