Econo Lodge FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for the right to construct and operate a hotel under their name and primary business trademark “ECONO LODGE” or “ECONO LODGE INN & SUITES”.
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 915 Meeting Street, Suite 600, North Bethesda, Maryland 20852.
Investment
The total investment necessary to convert an existing hotel and begin operation of an ECONOLODGE hotel franchise is between $185,645 and $1,047,895, assuming the hotel contains 68. This includes $45,445 to $76,395 that must be paid to the franchisor or its affiliates. These sums do not include the cost of any real estate or real estate taxes.
