La Quinta vs AFM Hospitality Corporation Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of La Quinta vs AFM Hospitality Corporation including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
La Quinta Franchise
AFM Hospitality Corporation Franchise
Investment $3,822,657 - $12,901,630$2,000,000 - $20,000,000
Franchise Fee $55,000$35,000
Royalty Fee 4-4.5%3%
Advertising Fee 4.5%4%
Year Founded 19681991
Year Franchised 20011992
Term Of Agreement 20 years5/5/5/5 Years
Term Of Agreement 20 years5/5/5/5 Years
Renewal Fee --


Business Experience Requirements
 
La Quinta Franchise
AFM Hospitality Corporation Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    La Quinta Franchise
    AFM Hospitality Corporation Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    La Quinta Franchise
    AFM Hospitality Corporation Franchise
    Training -On-Site 3-5 Days
    Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperativesCentral Data Processing:

    Central Purchasing:

    Field Operation Evaluation:

    Field Training:

    Initial Store Opening:

    Franchisee Newsletter:

    Regional or National Meetings:

    800 Telephone Hotline:

    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    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)

    		-

    Expansion Plans
     
    La Quinta Franchise
    AFM Hospitality Corporation Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About La Quinta

    La Quinta is one of the fastest growing mid-scale hotels with properties across the US, Canada and Mexico. Our purpose is to provide a refreshing and engaging environment that builds long-lasting, valuable relationships with employees, guests, owners and partners. 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.
    Veteran Incentives: 50% off application/franchise fees; development incentive of up to $4,000/room

    The total investment necessary to begin operation of a La Quinta Inn & 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.
    The total investment necessary to begin operation of a La Quinta Inn & Suites franchise 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.

    "Entrepreneur

    #193 in Franchise 500 for 2020.
    #217 in Franchise 500 for 2021.






    About AFM Hospitality Corporation

    AFM is dedicated to being the best in hospitality services, nationwide. Wherever possible, the services we provide have been centralized, allowing the company to capitalize on economies of scale. All brands receive full training, quality assurance and franchise service support provided by a team of industry experts. The growth strategy for the company has been developed by a team of professionals, each with a specific area of expertise in the hospitality trade.