TownePlace Suites by Marriott FDD Summary
Type of Business
The franchisee will establish and operate a TownePlace Suites by Marriott select service hotel under a franchise agreement with Marriott International, Inc. TownePlace Suites hotels are extended-stay hotels designed to offer high quality accommodations and related services to the travelling public. TownePlace Suites hotels generally feature a mix of 90 to 120 studio, one-bedroom, and two-bedroom suites. A typical TownePlace Suites guestroom contains a fully equipped kitchen, a living area, multi-functional working and dining areas, and sleeping quarters with a bath. TownePlace Suites hotels generally also feature a lobby area for guest reception, a breakfast room, and a large regional wall map.
Corporate Information
Marriott International, Inc. is a corporation incorporated under the laws of the State of Delaware in 1997. Their principal business address is 10400 Fernwood Road, Bethesda, Maryland 20817.
Investment
The total investment necessary to begin operation of a newly-constructed prototypical TownePlace Suites by Marriott hotel, excluding the cost of land, ranges from $7,486,365 to $15,906,935 for an 80 to 110-suite TownePlace Suites by Marriott hotel and from $10,743,940 to $20,572,710 for a 120 to 150-suite TownePlace Suites by Marriott hotel. This includes approximately $94,185 to $121,300 that must be paid to the franchisor or an affiliate.