La Quinta Franchising LLC

Founded: 1968 Franchising since: 2000

909 Hidden Ridge, #600 Irving, Texas 75038

Phone: (214)492-6600

Franchisor is a publicly-held company with 351 employee(s); 35 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2008	292	1	1	370
2007	229	1	0	369
2006	169	1	0	371
2005	125	1	0	262

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada, Mexico

Exclusive territories available.
Territory size: Determined on case by case basis

Total investment: $4.99M-7.6M Franchise fee: $45K

Ongoing royalty fee: 4% Term of agreement: 20 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	No
Payroll	No	No

Third-party financing source(s): CIT Small Business Lending Corp., Stearus Bank

Qualifications
Net worth requirement: $2.5M
Business Experience:

• General business experience

Operations

• 15% of all franchisees own more than one unit
• Number of employees needed to run franchised unit: 20 - 25
• Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

Training

• Available at headquarters: 2 weeks
• At franchisee's location: 2 weeks

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Internet
• Field operations/evaluations
• Purchasing cooperatives

Marketing Support

• Co-op advertising
• Ad slicks
• National media
• Regional advertising

Franchise 500® rank:
#75 (2009); #91 (2008);

Fastest-Growing Franchises:
#48 (2009); #63 (2008);

America's Top Global Franchises:
#64 (2009); #86 (2008);