Park Inn FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for the right to operate a hotel that provides lodging services to the public under the names ‘Park Inn” or “Park Inn by Radisson” or “Park Inn by Radisson Residences”.
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. This address will change in December 2023 when they move their headquarters to 915 Meeting Street, North Bethesda, Maryland 20852.
Investment
The total investment necessary to begin the operation of a Park Inn Hotel, with no more than 125 rooms but with food and beverage, ranges from $2,909,289 to $18,586,039 but excludes the cost of real estate. This includes $72,545 to $117,895 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a Park Inn Residences Hotel, with no more than 125 rooms but with food and beverage, ranges from $3,109,289 to $19,586,039 but excludes the cost of real estate. This includes $72,545 to $117,895 that must be paid to the franchisor or its affiliates.
