La Quinta Franchise Agreement

By the end of 2018, approximately 914 La Quinta hotels were active in the United States, Canada and Latin America, and another 250 in the brand development pipeline. About 35% of La Quinta`s sites are owned by the company, of which about 65% are franchised. Across the system, La Quinta real estate generates an estimated annual turnover of $2 billion. The Quinta Passes Franchising Milestone La Quinta recently achieved an important milestone that it has been working on since the beginning of the crossing 10 years ago. Today, just over half of La Quinta`s 808 properties are franchised. A direction that the company intends to maintain in the follow-up of its international growth strategy. president… La Quinta Inns – Suites franchisees must pay a monthly fee of 4.5% of gross toning revenue (at 5.0% after the first two years of the franchise term). In addition, franchisees must contribute 4.5% of the room`s monthly revenue to a system evaluation cost to cover marketing, national advertising, training, booking and other support services.

Prospective franchisees will have to pay a registration fee of $59,950 and a departure fee for a newly built hotel in La Quinta. For a conversion of an existing hotel property to a La Quinta location, there is a request for $55,000 and upfront fees. In addition, La Quinta strongly encourages potential franchisees to obtain independent market or feasibility research, at an estimated cost of between $10,000 and $17,000, in order to validate the geographic selection of sites and obtain potential sources of capital with objective information on the economic prospects of the chosen site. La Quinta owns, operates and franchises select service hotels, primarily serves the middle and medium segments and its portfolio includes approximately 900 88,500-room properties under the La Quinta Inn -Suites, La Quinta Inn and LQ Hotel brands in 48 states in the United States as well as In Canada, Mexico, Honduras, Colombia and Chile. The company was founded in 1968 and is headquartered in Irving, Texas. La Quinta also offers franchise opportunities. In 2018, the company operates 576 franchises in the United States and 16 franchises outside the country. To calculate the amount of income a franchise owner can make at La Quinta franchise, may vary depending on factors such as location, size, etc.

Pin It