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Updated RecentlyEcono Lodge Franchise
Lodging
Free wireless hotspots
Complimentary Breakfast by Econo Lodge
Free USA Today weekdays.
operation of a 63-room ECONO LODGE hotel franchise is between $208,275
and $938,645. This includes an affiliation fee of $250 per room for new
franchises, $500 per room for transfers and renewals ($25,000 minimum
for new franchises, $30,000 for transfers and renewals); a brand
activation fee of approximately $8,000 to $17,000; and orientation and
hospitality training fees of between $0 and $3,145 per person, all of
which are paid to the Franchisor or its affiliates. These sums do not
include the cost of any real estate taxes.
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How much does it cost to open a Econo Lodge Franchise?
The investment required to open a Econo Lodge Franchise is between $208,275-$938,645. There is an initial franchise fee of $25,000 which grants you the license to run a business under the Econo Lodge name.
Individual Unit Costs
- Initial Investment:
$208,275-$938,645 - Initial Franchise Fee:
$25,000 - Royalty Fee:
4.5% - Advertising Fee:
3.5% - Term of Agreement:
20 years
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When did Econo Lodge start Franchising? N/A
To calculate how much income a franchise owner can do at Econo Lodge 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.
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Listing Tags
Legal Disclaimer: This information is not a franchise offering for Econo Lodge 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 an Econo Lodge franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Econo Lodge
1 Choice Hotels Circle, Suite 400
Rockville,
MD
20850