La Quinta Franchising LLC

At a Glance

Products & Services: Hotels

Number of Locations: 774

Total Investment: $4.3M - $5.6M

Founded: 1968

Began Franchising: 2000

Franchise Units

Year U.S. Canadian International Company Owned
2010 400 1 1 372
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Canada, Mexico.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $4,300,000 - $5,600,000
Franchise Fee: $50,000
Ongoing Royalty Fee: 4.5%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $2,500,000
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).

How This Franchise Supports Franchisees

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,