The membership offered in this disclosure document is for the rights to own and/or operate an ASCEND HOTEL COLLECTION® or ASCEND RESORT COLLECTION® hotel business.
Company Background
EVERHOME SUITES is the premiere hotel brand that is changing the way we travel. Our hotels provide a comfortable and affordable home away from home for our guests, while also providing local merchants with access to new customers through our in-house marketplace. With more than 60 locations open and another 50+ openings planned by 2020, EVERHOME SUITES offers travelers a variety of destinations to explore across North America including Canada, Mexico and the United States.
Franchise Opportunity
As the largest provider of extended stay hotels in North America, we have a tremendous opportunity for you to own and operate your very own hotel business. We are constantly looking for new franchisees to expand our network of hotels across the country. Our hotels are built on a unique concept that offers guests an affordable alternative to traditional luxury accommodations with all the amenities they expect from a full-service hotel including free Wi-Fi, flat screen TVs, room service and more! Become an owner/operator today by contacting us at 1 (800) 522-6274 or visiting http://www.everhomesuitesfranchise.com/.
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.
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Higher
than the % in the Lodging industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
#
Type
Investment
Fees
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Ascend Hotel Collection (Choice Hotels) Franchisees
Ascend Hotel Collection (Choice Hotels) Franchise System Development in 2021
FAQ
How much investment do I need to start my own Ascend Hotel Collection (Choice Hotels) business?
Franchisees typically require at least
$279,100 to
$10,919,825 investment to get their
Ascend Hotel Collection (Choice Hotels) business started
What are the initial franchise fees for Ascend Hotel Collection (Choice Hotels) ?
Franchisees typically need to pay at least
$24,000 in fees directly to
Ascend Hotel Collection (Choice Hotels) in order to earn the right to launch their business
How much money can I make with a Ascend Hotel Collection (Choice Hotels) franchise? What are
the average revenues for a typical Ascend Hotel Collection (Choice Hotels) business?
We haven’t done the math on how much revenue a typical
Ascend Hotel Collection (Choice Hotels) brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$0 revenue, so we would expect
Ascend Hotel Collection (Choice Hotels) to generate a similar amount
How long do I need to commit to running a Ascend Hotel Collection (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
8 /10
The Franchisor's investment costs ranges from
$279,100 to $1,586,495
which is
Much Lower
than the $12,405,748 to $23,788,760 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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