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Park Inn® is a unique hotel brand offering a relaxed environment in the economy category and is poised for aggressive global growth. Park Inn provides a hotel experience that serves a wide range of guests in both suburban and leisure destinations. There are currently 98 Park Inn locations with 17,166 rooms in 24 countries, and 11 in North America.
Franchisor Background
Year Established: 2000
Franchising Since: 2000
Operating Units: |
| Franchised Units: | 98 | | 100% | | |
| Company-Owned Units: | 0 | | 0% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 98 | | 100% | | |
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Geographic Distribution: |
| U.S.: | 7 | | 7.1% | | In 7 States |
| Canada: | 4 | | 4.1% | | In 4 Canadian Provinces |
| International: | 87 | | 88.8% | | In 22 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 98 | | 100% | | |
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North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. New Mexico | 1 | | 2. North Carolina | 1 | | 3. Ohio | 1 |
Registered in Following Registration States: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
Financial Requirements
Investment: |
| Minimum Net Worth: | $N/A |
| Cash Investment: | $varies |
| Total Investment: | $1.58M - 4.35M |
| Average Total Investment: | $3500K |
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Fees: |
| Initial Franchise Fee: | $35K |
| Average Franchise Fee: | $35K |
| On-Going Royalty: | 4.5% |
| Average Royalty: | 4% |
| Advertising Fee: | 2% |
Average Number of Employees: varies Full-time, varies Part-time
Space Needs (in square footage): varies
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided? Yes
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | Yes, Member |
| Size of Corporate Staff: | 100 |
| Site Selection Assistance? | No |
| Lease Negotiation Assistance? | No |
| Financial Assistance? | No |
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Marketing Support: |
| Co-Op Advertising: | No |
| National Advertising: | No |
| Regional Advertising: | No |
| Local Advertising: | No |
| Marketing Materials: | None Specified |
| Additional Services: | None Specified |
| Other Marketing Support: | None Specified |
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On-Going Support: |
| Central Data Processing: | Not Applicable |
| Central Purchasing: | Not Applicable |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Included in Fees |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Included in Fees |
| Regional or National Meetings: | Included in Fees |
| 800 Telephone Hotline: | Included in Fees |
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Training: |
| 1. Minneapolis, MN (Brand Orientation) | 1 Week | | 2. On-Site | 3 Days | | 3. New Franchisee | 3 Days |
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Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
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| Financial Net Worth: | 5 |
| General Business Experience: | 5 |
| Specific Industry Experience: | 5 |
| Formal Education: | 3 |
| Psychological Profile: | 5 |
| Personal Interview(s): | 5 |
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Minority Representation
Units Owned by Minorities: |
| African-American: | N/A |
| Asian-American: | N/A |
| Hispanic: | N/A |
| Native American: | N/A |
| Other: | N/A |
| Specific Minority: | N/A |
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Terms of Contract
| Term of Initial Contract: | 15 Year(s) |
| Term of Renewal Period: | N/A Year(s) |
| Passive Ownership: | Allowed |
| Area Development Agreements? | No |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | No |
Expansion Plans
Projected New Units Over Next 12 months: 5
| U.S.: | Yes, All United States |
| Canada: | Yes, All Canada |
| Overseas: | Yes, Europe, Asia, South and Central America |
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