Cambria Hotels & Suites FDD Summary


Type of Business
The franchise offered in this disclosure document is for the rights to own and/or operate a CAMBRIA® HOTELS & SUITES hotel business.


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 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.


Investment
The total investment necessary to begin operation of a 124-room CAMBRIA hotel franchise is between $12,576,100 and $14,690,600. This includes an affiliation fee of $500 per room ($60,000 minimum); a property  management system software license and systems training fee of between $11,750 and $15,750; and orientation, sales, and leadership training fees of between $7,500 and $12,000 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.


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