Everhome Suites FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for the right to construct and operate a hotel under the name and primary business trademark “Everhome Suites®”. Some franchisees may be awarded a Master Development Agreement, which will allow them to develop multiple properties over a period of time in an agreed upon territory.
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. They began offering EVERHOME SUITES franchises in November 2019.
Investment
The total investment necessary to begin operation of an EVERHOME SUITES hotel franchise is between $12,663,738-$16,170,479, assuming the EVERHOME SUITES hotel contains 114 guestrooms but excludes the cost of real estate. This includes $57,500 to $102,799 that must be paid to the franchisor or its affiliates as follows: an affiliation fee of $50,000 for properties with 114 rooms or less (plus $300/per room for each additional room and $550 per room for transfers and renewals); and orientation and hospitality training fees of $1,500 – $2,799 per person; and approximately $6,000 to $30,000 in pre-opening supplies and equipment, including the purchase of a property management system software license and systems training fee of between $8,750 and $10,750. These sums do not include the cost of purchasing or leasing land or any real estate taxes. Moreover, pursuant to a Construction Advisory Services Agreement, you are required to pay a fee of $20,000 for five site visits by us payable in one lump sum at the time you start construction of your hotel.
