Sleep Inn 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 “SLEEP INN®” or “SLEEP INN & SUITES®”.
Corporate Information
Choice Hotels International, Inc. is a Delaware corporation formed on January 8, 1963, under the name Quality Courts Motels, 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 915 Meeting Street, Suite 600, North Bethesda, Maryland 20852. They began offering franchises under the trademark SLEEP INN in 1987.
Investment
The total investment necessary to begin operation of a SLEEP INN & SUITES hotel business is betweenn$8,380,445 and $12,746,895, assuming the SLEEP INN & SUITES hotel contains 84 guestrooms. This includes $53,945 to $109,895 that must be paid to the franchisor or its affiliates. These sums do not include the cost any real estate or real estate taxes.
