Travelodge FDD Summary
Type of Business
The franchisee will operate a Travelodge® 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 $4,489,770 to $7,122,900. The total investment necessary to begin operation of a Travelodge franchise for a 100 room conversion facility ranges from $197,670 to $1,937,900. The above amounts include $41,400 to $42,900 that must be paid to the franchisor or an affiliate.