The franchise offered in this disclosure document is for the rights to own and/or operate an ECONO LODGE or ECONO LODGE INN & SUITES ("ECONO LODGE") hotel business.
Company Background
The ECONO LODGE franchise is a hotel that provides an affordable, clean and comfortable stay with competitive rates. The company has been in business for over 50 years, ever since the first location opened in 1967. With 30 locations across North America, this family-owned franchise offers guests a variety of amenities including complimentary breakfast, free WiFi and microwaves in every room. We believe that our reasonable prices make us the perfect lodging alternative to hotels with higher rates. We offer you the same level of service as those high priced hotels without all of the extra costs!
Franchise Opportunity
Missing out on the ECONO LODGE opportunity can cost you thousands of dollars in lost income, which is why we are offering this free franchise disclosure document. This business has great potential for success because it offers a product that customers want and need at an affordable price. The average stay at an Econo Lodge is $44 per night, making it one of the most affordable hotels around. By purchasing this franchise disclosure document you will learn how to run a successful hotel business with low start-up costs and no previous experience required! In fact, our founders had never even worked in hospitality before they started their first Econo Lodge! You can do it too!
Corporate Structure
Choice Hotels International, Inc. is a Delaware corporation formed on January 8, 1963, under the name Quality Inns International, Inc. They changed their corporate name to Choice Hotels International, Inc. on July 25, 1990. From November 1, 1996 to October 15, 1997, their corporate name was Choice Hotels Franchising, Inc. Their corporate name has been Choice Hotels International, Inc. since October 15, 1997. Their principal business address is 1 Choice Hotels Circle, Suite 400, Rockville, Maryland 20850.
Franchise Types Available
#
Type
Investment
Fees
Management Team
#
Name
Position
Distribution of Econo Lodge (Choice Hotels) Franchisees
Econo Lodge (Choice Hotels) Franchise System Development in 2022
FAQ
How much investment do I need to start my own Econo Lodge (Choice Hotels) business?
Franchisees typically require at least $161 to $901 investment to get their Econo Lodge (Choice Hotels) business started
What are the initial franchise fees for Econo Lodge (Choice Hotels)?
Franchisees typically need to pay at least $30 in fees directly to Econo Lodge (Choice Hotels) in order to earn the right to launch their business
How much money can I make with a Econo Lodge (Choice Hotels) franchise? What are
the average revenues for a typical Econo Lodge (Choice Hotels) business?
We haven’t done the math on how much revenue a typical
Econo Lodge (Choice Hotels) brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$882,894 revenue, so we would expect
Econo Lodge (Choice Hotels) to generate a similar amount
How long do I need to commit to running a Econo Lodge (Choice Hotels) unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
10 /10
The Franchisor's investment costs ranges from
$161,450 to $901,895
which is
Much Lower
than the $0 to $0 average in the Lodging industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
Franchises in the Same Industry
Popular Franchises
Is this your Franchise?
Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today