Lexington FDD Summary
Type of Business
The franchise is for the operation of a midscale or upper midscale lodging facility in the select-service or full-service segment, under the trademark Lexington® and certain other proprietary marks. Full service properties operate under the Lexington Hotel name; select service properties operate under the Lexington Inn name.
Corporate Information
Red Lion Hotels Franchising, Inc. is a corporation formed in the state of Washington on December 24, 1986, as Vance Hotels, Inc. On September 19, 2005, they changed their name to Red Lion Hotels Franchising, Inc. Their principal business address is 201 West North River Drive, Spokane, Washington 99201; however, they may provide certain support services relating to the Brand from 3300 N. University Drive, Suite 500, Coral Springs, Florida 33065. Their parent corporation was incorporated in the State of Washington on April 25, 1978 and changed its name from WestCoast Hospitality Corporation to Red Lion Hotels Corporation on September 19, 2005
Investment
The total investment to convert an existing inn into an 85-room Lexington Inn is $289,900 to $1,390,000. This estimate includes the $31,000 to $36,000 that must be paid to the franchisor. The total investment to convert an existing hotel into a 100-room Lexington Hotel is $358,400 to $1,791,000. This estimate includes the $34,000 to $39,000 that must be paid to the franchisor. The total investment for a new construction 85-room Lexington Inn is $6,858,500 to $11,155,000, excluding site acquisition and preparation. This estimate includes the $31,000 to $36,000 that must be paid to the franchisor. The total investment for a new construction 100-room Lexington Hotel is $8,671,500 to $14,488,000, excluding site acquisition and preparation. This estimate includes the $34,000 to $39,000 that must be paid to the franchisor.