Le Meridien FDD Summary
Type of Business
The franchisee will establish and operate a Le Méridien® hotel or resort under a franchise agreement with Starwood (M) International, Inc.
Corporate Information
Starwood International, Inc. is a Delaware corporation, wholly owned by Starwood Hotels & Resorts Worldwide, Inc. They were incorporated on July 5, 2005. Prior to their formation, the Le Méridien® hotel brand was owned by Nomura International plc (since 2001). Their principal address is One StarPoint, Stamford, Connecticut 06902. The address of their Franchise Office is 600 Galleria Parkway, Suite 1700, Atlanta, Georgia 30339. With respect to the Le Méridien® brand, they do business under the names “Le Méridien,” “Le Méridien Hotels,” “Le Méridien Hotels and Resorts” and “Starwood International, Inc.”
Investment
The total investment necessary to begin operation of a 250 guest room conversion Le Méridien Hotel franchise is approximately $1,493,000 to $25,137,500, which includes $227,500 to $430,500 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a 250 guest room new build Le Méridien Hotel franchise is approximately $53,346,500 to $76,409,000, which includes approximately $227,500 to $423,000 that must be paid to the franchisor or its affiliates. If you choose to include a branded spa at your Le Méridien Hotel, the additional investment is approximately $883,500 to $9,340,000 for an 8,000 square foot 10 treatment room spa, which includes approximately $27,000 that must be paid to the franchisor or its affiliates. These sums do not include any costs for real estate.