Centerstone Inn FDD Summary
Type of Business
The franchise operates inns under the names Centerstone Inn, Centerstone Suites, Centerstone Inn & Suites, Centerstone Hotel, and Centerstone Plaza Hotel.
Corporate Information
Vimana Franchise Systems LLC (formerly known as Hospitality Ventures LLC prior to an amendment to its certificate of formation changing its name effective November 7, 2011) is an Alabama limited liability company that was formed March 3, 2011. Their principal business address is 1 Office Park Circle, Suite 101, Birmingham, Alabama 35223. They have been franchising Centerstone Properties since 2011. Their corporate parent is Key West Inns, Inc., an Alabama corporation, which formerly franchised hotels and motels under the names Key West Inn and Key West Inn & Suites.
Investment
The total investment necessary to begin operation of a Centerstone Property is:
- Centerstone Inn, Centerstone Suites, or Centerstone Inn & Suites: $3,055,760 – $4,378,760
- Centerstone Hotel: $7,482,800 – $9,904,800
- Centerstone Plaza Hotel: $17,039,850 – $19,473,850
These estimates include $16,000 that must be paid to the franchisor or affiliate, but do not include the cost of real estate.