Sleep Inn FDD Summary


Type of Business
The franchise offered in this disclosure document is for the rights to own and/or operate a SLEEP INN® or SLEEP INN & 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 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. They began offering franchises under the trademark SLEEP INN in 1987.


Investment
The total investment necessary to begin operation of an 84-room SLEEP INN & SUITES hotel business is between $3,703,428 and $6,789,423. This includes an affiliation fee of $300 per room ($40,000 minimum); a property management system software license fee of between $10,250 and $14,250; and orientation and hospitality training fees of between $0 and $2,349 per person, all of which are paid to the Franchisor or its affiliates. These sums do not include the cost of purchasing or leasing land or any real estate taxes.


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