MainStay 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 franchisor’s name and primary business trademark “MAINSTAY SUITES®”.
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.
Investment
The total investment necessary to begin operation of a newly constructed MAINSTAY SUITES hotel franchise is between $9,170,700 and $16,330,350, assuming the MAINSTAY SUITES hotel contains 106 guestrooms. The total investment necessary to convert an existing hotel and begin operation of a MAINSTAY SUITES hotel franchise is between $324,413 and $2,040,160, assuming the hotel contains 56 guestrooms. This includes $64,050 to $119,500 that must be paid to the franchisor or its affiliates. These sums do not include the cost of any real estate or real estate taxes.
