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Updated RecentlyLa Quinta Franchise
Limited-sevice hotels
La Quinta is a proud participant in VetFran, and is honored to offer veterans of our armed forces great incentives and enhanced resources for becoming a part of the La Quinta family.
& Suites franchise for a 109-room new construction facility ranges
from $10,348,042 to $12,901,630, including $71,050 to $91,500 that must
be paid to the franchisor or an affiliate.
for a 100-room conversion facility ranges from $3,822,657 to $6,101,522
including $66,100 to $86,550 that must be paid to the franchisor or an
affiliate. Land acquisition and site preparation costs are not included
in these ranges.
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How much does it cost to open a La Quinta Franchise?
The investment required to open a La Quinta Franchise is between $3,822,657-$12,901,630. There is an initial franchise fee of $55,000 which grants you the license to run a business under the La Quinta name.
Individual Unit Costs
- Initial Investment:
$3,822,657-$12,901,630 - Initial Franchise Fee:
$55,000 - Royalty Fee:
4-4.5% - Advertising Fee:
4.5% - Term of Agreement:
20 years
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La Quinta Inns & Suites Expands Franchise Team, Promotes Key Executives
La Quinta Inns & Suites announced the appointments and promotions of executives to its newly expanded franchise service team. Overseeing this team, Jeff Palla is promoted to the position of Senior Vice President of Franchise Operations.
The newly promoted and appointed La Quinta team members are:
...
La Quinta Inns & Suites Announces Edgar Garin As Director Of Franchise Development For Central And South America
La Quinta Inns & Suites announces the appointment of Edgar Garin, as Director of Franchise Development for Central and South America. Garin brings more than 25 years of hospitality management and sales experience to La Quinta. He most recently served as Vice President of Development for Radisson Hot...
La Quinta Passes Franchising Milestone
La Quinta recently realized a milestone it has been working toward since it started franchising 10 years ago. Now, slightly more than half of La Quinta's 808 properties are franchised.
It's a direction that the company plans to maintain as it pursues its international growth strategy.
President ...
La Quinta Announces Agreement To Be Acquired By The Blackstone Group
La Quinta Corporation and La Quinta Properties, Inc. (NYSE: LQI) today announced that they have entered into a definitive merger agreement to be acquired by an affiliate of The Blackstone Group for $11.25 per paired share in cash. The price represents a premium of 37% over yesterday's closing price...
La Quinta Corporation Reports Status Of Hotels Impacted By Hurricane Katrina
La Quinta Corporation continues to work with local authorities to monitor the status of its hotels affected by Hurricane Katrina and provide for its guests and employees as best as conditions allow.
As of 5:00 p.m. (CDT) Wednesday, August 31, the following eight company-owned hotels in the great...
La Quinta News & Press Releases
When did La Quinta start Franchising? 2001
International:
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | No |
| Payroll | No | No |
Third Party Financing Source(s): CIT Small Business Lending Corp., Stearus Bank
Support
Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing
Co-op advertising, Ad slicks, National media, Regional advertising
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)
Business Experience:
To calculate how much income a franchise owner can do at La Quinta Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for La Quinta and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a La Quinta franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
La Quinta
La Quinta Inn/La Quinta Inn & Suites
22 Sylvan Wy.
Parsippany,,
NJ
07030