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Choice Hotels International

Franchise

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.

Facts & Figures

Liquid capital required
$200,000
Net worth required
$750,000
Investment
$1,370,000 - $15,500,000
Franchise fee
$10,000
Units in operation
6,035

Overview

The capital required to open a unit is $200,000. New Choice Hotels International franchisees need to have at least a $750,000 net worth. The lowest you can expect to invest is $1,370,000 if you want to become a franchisee. $15,500,000 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a $10,000 franchise fee for the rights to open their own location. There is currently a total of 6035 units in operation.

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