Choice Hotels Int'l.
Hotels
Choice Hotels Int'l.
Hotels
About
Founded
1939
Franchising Since
1962 (56 Years)
Corporate Address
1 Choice Hotels Cir.
Rockville, MD 20850
CEO
Steve Joyce
Ticker Symbol
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
Support Options
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Classroom Training:
1 week
Additional Training:
Ongoing regional training
Absentee Ownership Allowed
Bio
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.
Cost
Initial Investment: Low - $88,050
High - $13,166,100
Units
Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.
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