Element Hotels FDD Summary
Type of Business
The franchisee will establish and operate an Element select-service hotel.
Corporate Information
Marriott International, Inc. incorporated under the laws of the State of Delaware in 1997. Their principal business address is 10400 Fernwood Road, Bethesda, Maryland 20817. They have offered franchises for Element Hotels since March 2017.
Investment
The total investment necessary to begin operation of a newly-constructed prototypical Element hotel, excluding the cost of real estate and carrying charges, ranges from $15,949,950 to $24,760,300 for a 123-suite Element hotel. This includes approximately $164,450 to $310,300 that must be paid to the franchisor or an affiliate.