Travelodge

Travelodge

#290

Initial Investment

LOW: $162,218
HIGH: $7,268,731

Change in Units

-1.4% -6 UNITS (1 Year)
-5.8% -24 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1939

Franchising Since

1966 (50 Years)

Corporate Address

22 Sylvan Wy. Parsippany, NJ 07054

CEO

Geoff Ballotti

Parent Company

Wyndham Hotel Group

Ticker Symbol

About Travelodge

Building contractor Scott King opened his first motel, King's Auto Court in 1935-- in time to welcome guests visiting San Diego's World's Fair. Over the next five years, he opened 24 more hotels around Southern California. The first one under the name Travelodge opened in 1940, and this became the name of Scott's company in 1946. Today Travelodge is part of the Wyndham Worldwide group of hotel chains.

Financials

Financial Requirements

Initial Investment

$162,218 - $7,268,731

Ongoing Fees

Initial Franchise Fee

$35,000

Ongoing Royalty Fee

4.5%

Ad Royalty Fee

2%+

Financing Options

Travelodge offers in-house financing to cover the following: franchise fee, startup costs

Travelodge has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Franchise 500® Rank History

Highest Rank: 106

Lowest Rank: 290

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 3-4 days

Training at headquarters: 4 days

Additional Training: Regional workshops; customized property training

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

Marketing Support
Co-op Advertising
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 25

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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: September 21st, 2016

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