MainStay Suites FDD Summary
Type of Business
The franchise offered in this disclosure document is for the rights to own and/or operate a MAINSTAY SUITES hotel business.
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 1 Choice Hotels Circle, Suite 400, Rockville, Maryland 20850.
Investment
The total investment necessary to begin operation of a 97-room newly constructed MAINSTAY SUITES hotel franchise is between $5,079,028 and $9,439,851. The total investment necessary to convert an existing hotel and begin operation of a 79-room MAINSTAY SUITES hotel franchise is between $235,950 and $2,047,897. This includes an affiliation fee of $300 per room ($30,000 minimum) for MAINSTAY SUITES; a property management system software license and systems training fee of between $10,250 and $14,250; and orientation and hospitality training fees of $4,347 per person, all of which must be paid to the Franchisor or its affiliates. These sums do not include the cost of purchasing or leasing land or any real estate taxes.