Four Points FDD Summary
Type of Business
The franchisee will establish and operate a Four Points by Sheraton hotel, suites or resort under a franchise agreement with The Sheraton LLC.
Corporate Information
The Sheraton LLC is a limited liability company organized under the laws of the State of Delaware in 2006. They were incorporated on June 10, 1974 under the name The Sheraton Corporation. On October 24, 1989, they changed their name to ITT Sheraton Corporation. On December 31, 1999, they changed their name to The Sheraton Corporation, and on April 10, 2006, they changed their name and organizational form to The Sheraton LLC. They offer franchises for the operation of Aloft hotels, Sheraton® hotels and resorts, Four Points® hotels, and The Luxury Collection® hotels, resorts and suites in the United States. They are a wholly-owned subsidiary of Starwood Hotels & Resorts Worldwide, LLC, /k/a Starwood Hotels and Resorts Worldwide, Inc. Starwood was incorporated under the laws of the State of Maryland as Starwood Hotels & Resorts Worldwide, Inc. in 1980, and changed its name and organizational form to Starwood Hotels & Resorts Worldwide, LLC in 2016. The Sheraton LLC and Starwood have a principal business address at 10400 Fernwood Road, Bethesda, Maryland 20817.
Investment
The total investment necessary to begin operation of a 134 guest room conversion Four Points Hotel franchise is approximately $1,602,200 to $11,747,800, which includes $162,950 to $412,300 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a 134 guest room new build Four Points Hotel franchise is approximately $13,947,200 to $19,022,800, which includes approximately $152,950 to $402,300 that must be paid to the franchisor or its affiliates. These sums do not include any costs for real estate.