7/10

Franchimp Summary Rating

7 /10
Investment Accessibility
Lower than 38% of peers

Franchise Summary

Description
The membership offered in this disclosure document is for the rights to own and/or operate an ASCEND HOTEL COLLECTION® or ASCEND RESORT COLLECTION® hotel business.
Company Background
EVERHOME SUITES is the premiere hotel brand that is changing the way we travel. Our hotels provide a comfortable and affordable home away from home for our guests, while also providing local merchants with access to new customers through our in-house marketplace. With more than 60 locations open and another 50+ openings planned by 2020, EVERHOME SUITES offers travelers a variety of destinations to explore across North America including Canada, Mexico and the United States.
Franchise Opportunity
As the largest provider of extended stay hotels in North America, we have a tremendous opportunity for you to own and operate your very own hotel business. We are constantly looking for new franchisees to expand our network of hotels across the country. Our hotels are built on a unique concept that offers guests an affordable alternative to traditional luxury accommodations with all the amenities they expect from a full-service hotel including free Wi-Fi, flat screen TVs, room service and more! Become an owner/operator today by contacting us at 1 (800) 522-6274 or visiting http://www.everhomesuitesfranchise.com/.
Corporate Structure
Choice Hotels International, Inc. is a Delaware corporation formed on January 8, 1963, under the name Quality Inns International, Inc. They changed their corporate name to Choice Hotels International, Inc. on July 25, 1990. From November 1, 1996 to October 15, 1997, their corporate name was Choice Hotels Franchising, Inc. Their corporate name has been Choice Hotels International, Inc. since October 15, 1997. Their principal business address is 1 Choice Hotels Circle, Suite 400, Rockville, Maryland 20850.

Franchise Types Available

# Type Investment Fees

Distribution of Ascend Hotel Collection (Choice Hotels) Franchisees

Ascend Hotel Collection (Choice Hotels) Franchise System Development in 2022

FAQ

How much investment do I need to start my own Ascend Hotel Collection (Choice Hotels) business?
Franchisees typically require at least $8 to $11 investment to get their Ascend Hotel Collection (Choice Hotels) business started
What are the initial franchise fees for Ascend Hotel Collection (Choice Hotels) ?
Franchisees typically need to pay at least $45 in fees directly to Ascend Hotel Collection (Choice Hotels) in order to earn the right to launch their business
How much money can I make with a Ascend Hotel Collection (Choice Hotels) franchise? What are the average revenues for a typical Ascend Hotel Collection (Choice Hotels) business?
We haven’t done the math on how much revenue a typical Ascend Hotel Collection (Choice Hotels) brings in each year. We estimate that other franchisees in the Lodging & Leisure industry generate $882,894 revenue, so we would expect Ascend Hotel Collection (Choice Hotels) to generate a similar amount
How long do I need to commit to running a Ascend Hotel Collection (Choice Hotels) unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

7 /10
The Franchisor's investment costs ranges from $8,014,470 to $11,799,075 which is Much Lower than the $0 to $0 average in the Lodging industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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