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Best Inns & Suites
13 Corporate Sq., # 250
Atlanta, GA 30329
800#: (800) TELL-US5
Tel: (404) 321-4045
Fax: (404) 321-4482
E-Mail: [email protected]
Web Site: www.bestinn.com
Contact: Mr. Mike Muir, SVP Sales and Develop.
BEST INNS & SUITES is a high-quality, mid-level, limited service hotel brand. With 107 hotels open and 6 under development as of 3/31/2004, BEST INNS & SUITES continues to expand around the country. BEST INNS & SUITES is primarily a conversion brand for existing hotel owners looking for a better way to do business. BEST offers a solution to independent hotel owners looking for a franchise brand or for current franchise hotel owners looking to reposition their property in the market place.
Franchisor Background
Established: 1995
First Franchise: 1995
Franchise Units: 106
Company-Owned Units: 0
Total Units: 106
Distribution:
U.S. -- 105;
Canada -- 1;
International -- 0
-North America -- Operations in 34 States
-States/Provinces with Greatest Density: 8 in CA, 8 in IL, 7 in GA
Projected New Units Over Next 12 months: 50
Franchisee Qualifications: 3, 4, 4, 2, 2, 3
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 11 FT (FT = Full Time, PT = Part Time)
Space Needs: NR SF; FS
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $190-330K
Total Investment: $170-577K
Average Total Investment: $373.5K
Minimum Net Worth: $NA
Fees:
-Franchise: $10K
-Average Franchise Fee: $10.0K
-Royalty: 2,4,5%
-Average Royalty: 4.0%
-Advertising: 2.5%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Allowed
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: No
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: Yes
Size Of Corporate Staff: 94
On-Going Support: C,D,E,G,I (Click here for an explanation)
Training: 1 Week On-Site; 1 Week Classroom Atlanta, GA; 3 Days Hands-On Reservation Training IL.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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