Choice Hotels Franchise Agreement

„Choice has a long history of successfully recruiting emerging hoteliers for the hospitality industry,“ said Brian Parker, Regional Vice President of Franchise Development and Emerging Markets, Choice Hotels. „Indeed, we are the only hosting company with a team exclusively dedicated to developing a diverse franchisee base. Last year, we entered into 19 franchise agreements with minority and former under-represented entrepreneurs and we have already signed six more contracts this year. » Financial Support: At Choice Hotels` sole discretion and upon approval of the franchisee`s loan, the membership fee may be financed at an interest rate of 0%. As a general rule, the payment of the note is due within three months of signing the note in its entirety as a lump sum. The note can be accelerated in case of delay and provides for the abandonment of the presentation, request for payment, dishonoration, protest and clause of attorney of the judgment. Personal guarantees may be required. The note does not contain a deposit. The franchisor also offers Minority Developer incentive programs. Choice Hotels franchise signs contracts for 5 Cambria Suites Choice Hotels has signed contracts for five new Cambria Suites, the company`s new brand right away in the third quarter of this year. The new Cambria Suites Hotels are available for Baton Rouge, La.

; Birmingham, Ala.; East Greenwich, R.I. Kansas City, Kan. and Omaha, Neb. From Se. „We are pleased to bring these dynamic women-led organizations into the family of choice and look forward to helping them manage profitable and successful hotels,“ said Lester Adams, Director, Emerging Markets, Choice Hotels. „Franchising is a proven path to the American dream because it allows entrepreneurs to do business for themselves, but not for themselves – and few industries offer the stability and security of hotel ownership.“ Addendum This is not an offer. No offer or sale of a franchise is made unless a franchise disclosure document is issued, which has first been submitted and registered with the competent state authorities. A copy of the franchise disclosure document can be found at Choice Hotels International at 1 Choice Hotels Circle, Suite 400, Rockville, MD 20850, „For nearly 15 years, our Emerging Markets department has worked to make small business ownership a reality for underrepresented minority entrepreneurs,“ said John Lancaster, Regional Vice President, Emerging Markets, Franchise Development and Owner Relationships. „We are very proud of our history as the only hosting company with a team exclusively dedicated to growing a diverse franchisee base, and this multi-unit agreement, which is the largest we have ever received, is a great example of how we are trying to achieve this.“ Transitions to choiceEDGE, the first new global booking system in over 30 years. An experienced, local team that helps franchisees open their new choice properties and maximize the potential for return on investment.

Obligations and Restrictions: Choice Hotels does not require the franchisee to be personally involved in the direct operation of the franchised hotel, nor does the franchisee make any recommendation regarding the franchisee`s personal participation in the direct business of the franchise. However, the franchisee must have a certified general manager at the hotel, who has satisfactorily completed all the necessary training. ROCKVILLE, MD, April 18, 2019 /PRNewswire/ — Businesses owned by women of color grew three times faster than other women-owned businesses in the United States last year, but it is estimated by the National Association of Black Hotel Owners, Operators and Developers (NABHOOD) that less than one percent of hotels are owned by African-American women.