Franchimp Summary Rating
Lower than 28% of peers
Franchise Summary
Description
The franchise offered in this disclosure document is for the rights to own and/or operate a SLEEP INN or SLEEP INN & SUITES ("SLEEP INN") hotel business.
Company Background
SLEEP INN is a leading North American hotel chain, and one of the largest providers of franchised business opportunities in the world. With more than 500 hotels located throughout Canada, Mexico, and the United States, SLEEP INN has been committed to providing quality accommodations at exceptional prices for nearly 50 years. The company's goal is simple: being your first choice when you need a place to stay.
Franchise Opportunity
People are traveling more than ever, but the hotel industry is struggling. More people are traveling than ever before, but the hotel industry is struggling. This is in part because there are too many hotels chasing too few guests. SLEEP INN offers a unique and refreshing take on the traditional hotel experience. Our focus on comfort and convenience will make you feel at home while away from home. With a variety of room types to choose from, we have something for everyone.
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 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. They began offering franchises under the trademark SLEEP INN in 1987.
Franchise Types Available
| # | Type | Investment | Fees |
|---|
Distribution of Sleep Inn (Choice Hotels) Franchisees
Sleep Inn (Choice Hotels) Franchise System Development in 2022
FAQ
How much investment do I need to start my own Sleep Inn (Choice Hotels) business?
Franchisees typically require at least $7 to $9 investment to get their Sleep Inn (Choice Hotels) business started
What are the initial franchise fees for Sleep Inn (Choice Hotels)?
Franchisees typically need to pay at least $40 in fees directly to Sleep Inn (Choice Hotels) in order to earn the right to launch their business
How much money can I make with a Sleep Inn (Choice Hotels) franchise? What are
the average revenues for a typical Sleep Inn (Choice Hotels) business?
We haven’t done the math on how much revenue a typical
Sleep Inn (Choice Hotels) brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$882,894 revenue, so we would expect
Sleep Inn (Choice Hotels) to generate a similar amount
How long do I need to commit to running a Sleep Inn (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
The Franchisor's investment costs ranges from
$7,322,750 to $9,173,695
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
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