Franchimp Summary Rating
Lower than 49% of peers
Franchise Summary
Description
The franchisee will operate aLa Quinta Inn & Suites guest lodging facility offering overnight accommodations and related services.
Company Background
The La Quinta Inns & Suites franchise is a brand of hotels that offer lodging and related services. The company owns or operates more than 330 properties in the United States, Canada, Mexico, Costa Rica and Honduras.
Franchise Opportunity
A lack of quality, affordable accommodations can make traveling difficult. When you're on the road, it's important to have a comfortable place to rest your head. But finding a good deal on a hotel can be tough, and sometimes the quality of the hotel leaves something to be desired. La Quinta Inn & Suites is here to help. We offer clean, comfortable rooms at an affordable price, and we're always working to improve our guests' experience. Plus, our locations are conveniently located near all the best attractions and restaurants.
Corporate Structure
La Quinta Franchising LLC is a Nevada limited liability company formed on December 17, 2002. Their principal business address is 22 Sylvan Way, Parsippany, New Jersey 07054. They are a subsidiary of Wyndham Hotel Group, LLC, a Delaware limited liability company.
Royalties and Marketing Fees
Royalties : 4.5% - 5.0% of revenue
Franchise Types Available
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Management Team
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Distribution of La Quinta Inn Franchisees
La Quinta Inn Franchise System Development in 2022
FAQ
How much investment do I need to start my own La Quinta Inn business?
Franchisees typically require at least $12 to $15 investment to get their La Quinta Inn business started
What are the initial franchise fees for La Quinta Inn?
Franchisees typically need to pay at least $73 in fees directly to La Quinta Inn in order to earn the right to launch their business
How much money can I make with a La Quinta Inn franchise? What are
the average revenues for a typical La Quinta Inn business?
We haven’t done the math on how much revenue a typical
La Quinta Inn brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$882,894 revenue, so we would expect
La Quinta Inn to generate a similar amount
How long do I need to commit to running a La Quinta Inn unit? What
is my contractual commitment?
La Quinta Inn franchisees are typically required to sign up to a
20 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$12,220,607 to $15,244,470
which is
Much Lower
than the $0 to $0 average in the Hotels & Resorts 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
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