Suburban Extended Stay FDD Summary
Type of Business
The franchise offered in this disclosure document is for the rights to own and/or operate a SUBURBAN EXTENDED STAY HOTEL® or SUBURBAN LODGE® 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 117-room newly constructed SUBURBAN franchise is between $4,332,035 and $8,168,613. The total investment necessary to convert an existing hotel and begin operation of a 94-room SUBURBAN franchise is between $177,050 and $1,149,597. This includes an affiliation fee of $225 per room ($30,000 minimum); a property management system software license and systems training fee of between $9,850 and $14,250; and orientation and hospitality training fees of between $0 and $4,347 per person, all of which must be paid to the Franchisor and its affiliates. These sums do not include the cost of purchasing or leasing land or any real estate taxes.