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Choice Hotels International
Choice Hotels is a leading hotel franchisor with more than 5,500 locations in the US and about 40 other countries. Its flagship brands include Comfort Inn, one of the largest limited-service brands with about 2,400 properties; and Quality Inn, which serves the midscale hotel segment through more than 1,200 locations. Its Econo Lodge chain offers lodging primarily for budget-minded travelers. Other brands include the full-service Clarion chain, Rodeway Inn budget hotels, and Sleep Inn. Chairman Stewart Bainum and his family own nearly 50% of the company. More about the cost of owning a Choice Hotels International franchise is below.
Facts & figures
To open a Choice Hotel location, you should have ₱1,000,000 available as liquid capital. You need to have a total net worth of ₱1,000,000 if you want to become an owner. A royalty payment of 5% is paid from unit owners back to the franchise. ₱118,825 is the minimum that someone opening a location should expect to invest. The high end of the total investment required to open a franchise is ₱26,370,195. New franchisees pay Choice Hotels International a franchise fee of ₱15,000. Choice Hotels International was established in 1939. The company began expanding via franchising in 1972. There are currently 7151 Choice Hotels International units in operation.
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