Le Meridien vs Everhome Suites Franchise Comparison

Le Méridien, the Paris-born hotel brand currently represented by nearly 100 properties in more than 40 countries, was acquired by Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) in November 2005. With more than 80 of its properties located in Europe, Africa, the Middle East, and Asia-Pacific, Le Méridien provided a strong international complement to Starwood’s then primarily North American holdings at the time of purchase. Since then, Le Méridien has gone through a brand re-launch, which included a large scale hotels product consolidation as well as redefining its brand strategy. Through creation of the LM100 artist community, Le Méridien has transformed numerous guest touch points, thus bringing unique, interactive and curated experiences to its guests. Plans call for dynamic expansion of Le Méridien Hotels and Resorts , concentrating on markets in Asia-Pacific and the Americas.

The total investment necessary to begin operation of a newly-constructed Le Méridien hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $61,886,490 to $96,761,490 for a 250-guestroom hotel. This includes approximately $317,000 to
$399,000 that must be paid to the franchisor or an affiliate.

Choice Hotels will offer the following to help hotel developers build a strong and successful portfolio with Everhome Suites:

The total investment necessary to begin operation of a 113-room newly constructed Everhome Suites hotel franchise is between $10,108,350 and $12,101,869. This includes an affiliation fee of $50,000 for properties with 113 rooms or less, $300/per room for each additional room and $550 per room for transfers and renewals ($50,000 minimum); a property management system software license and systems training fee of between $10,750 and $14,750; and orientation and hospitality training fees of

$0 - $3,145 per person, all of which must be paid to the Franchisor or its affiliates. These sums do not include the cost of purchasing or leasing land or any real estate taxes.