Choice Hotels Int'l.

Choice Hotels Int'l.

Not Ranked

Initial Investment

LOW: $88,050
HIGH: $13,166,100

Change in Units

Promoted Opportunities

Company Profile

Founded

1939

Franchising Since

1962 (54 Years)

Corporate Address

1 Choice Hotels Cir. Rockville, MD 20850

CEO

Steve Joyce

Ticker Symbol

About Choice Hotels Int'l.

In 1939, seven motor court owners in Florida met and decided they could be more successful working together, establishing standards for service and quality and helping each other to fill their rooms through a referral system. More and more owners joined and eventually the company, then Quality Courts United, decided to begin franchising. Today the company is known as Choice Hotels International, which includes 11 hotel brands ranging from the economy to upscale segments.

Financials

Financial Requirements

Initial Investment

$88,050 - $13,166,100

Net-worth Requirement

$750,000

Liquid Cash Requirement

$250,000

Ongoing Fees

Initial Franchise Fee

$10,000 - $60,000

Ongoing Royalty Fee

Varies

Ad Royalty Fee

Varies

Financing Options

Choice Hotels Int'l. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


Development loans

Franchise 500® Rank History

Highest Rank: 41

Lowest Rank: 83

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 1 week

Additional Training: Ongoing regional training

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 21st, 2015

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