Comfort Inn FDD Summary


Type of Business
The franchise offered in this disclosure document is for the rights to own and/or operate a COMFORT INN, COMFORT SUITES or COMFORT INN & 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 convert an existing hotel and begin operation of an 80-room COMFORT hotel franchise is between $297,750 and $2,087,599. The total investment necessary to begin operation of a newly constructed 86-room COMFORT INN or COMFORT INN & SUITES hotel franchise is between $4,276,190 and $7,832,491, and the total investment necessary to begin operation of a newly constructed 86-room COMFORT SUITES hotel franchise is between $4,884,982 and $8,889,371. This includes an affiliation fee of $500 per room ($50,000 minimum for new franchises, $55,000 for transfers); a property management system software license and systems training fee of between $10,250 and $14,250; and orientation and hospitality training fees of between $0 and $2,349 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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