Travelodge FDD Summary
Type of Business
The franchisee will operate a Travelodge® guest lodging facility offering overnight accommodations and related services.
Corporate Information
Travelodge Hotels, Inc. is a Delaware corporation, incorporated on January 11,1996. They were incorporated under the name Bear Acquisition Corp. and changed the name to Travelodge Hotels, Inc. on January 31, 1996. They are a subsidiary of Wyndham Hotel Group, LLC, a Delaware limited liability company, which is owned by Wyndham Worldwide Corporation, a Delaware corporation. Their principal business address is 22 Sylvan Way, Parsippany, New Jersey 07054.
Investment
The total investment necessary to begin operation of a Travelodge franchise for a 100 room new construction facility ranges from $4,632,520 to $7,795,531. The total investment necessary to begin operation of a Travelodge franchise for a 100 room conversion facility ranges from $198,850 to
$2,117,125. Land acquisition costs are not included in these ranges. The above amounts include a range of $41,900 to $43,400 that must be paid to the franchisor or an affiliate.