Franchise Application - choicehotelsdevelopment.com · 1 . INSTRUCTIONS. Please read these...

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Franchise Application It’s Simple. Done Beer. ® 8621 E. 21st Street N. | Suite 200 | Wichita, KS 67206 | 316-630-5519 | woodspring.com

Transcript of Franchise Application - choicehotelsdevelopment.com · 1 . INSTRUCTIONS. Please read these...

Franchise Application

It’s Simple. Done Better.®

8621 E. 21st Street N. | Suite 200 | Wichita, KS 67206 | 316-630-5519 | woodspring.com

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INSTRUCTIONS

Please read these instructions carefully and answer all items completely and accurately. If an item does not

apply, please mark not applicable (NA).

When this Franchise Application is complete, please send with the attachments to WoodSpring Suites Attn: Sarah Howell, 8621 E. 21

st Street N., Suite 200, Wichita, KS 67206 or [email protected].

Choice Hotels reserves the right to approve or deny this Franchise Application in its sole discretion. You

have not yet been granted a franchise to operate and there is no binding obligation on either party unless and

until both Choice Hotels and you have signed a Franchise Agreement. Any expenses you incur in

constructing, renovating or operating the hotel are at your sole risk.

ITEMS TO BE SUBMITTED WITH THIS APPLICATION

Choice Hotels requires all information listed below to process your application. To ensure timely processing please include the following information with accompanying documents along with your non-refundable

Application Fee of $5,000.00 payable to Choice Hotels International. Please note the payment may not be

dated or received by Choice Hotels International for at least 15 days from receipt of the WoodSpring Suites Franchise Disclosure Document (FDD).

1. Franchisee Information (Section I)2. Site Information (Section II)

3. Entity Information (Section III)

Please note we may, at our discretion, request additional information and/or documentation.

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Section I

Franchisee Information

DESIGNATED REPRESENTATIVE

Name: Date:

Company: Phone:

Address: City, State & Zip:

Email:

Citizen: Yes No If no, name country of birth and citizenship:

This Section I, when completed, is an essential part of evaluating your qualifications to be awarded a

WoodSpring Suites franchise. Please print or type and give specific answers to all questions. All answers are

held in confidence. The completion of this form does not obligate Choice Hotels or you in any way or

manner. This Section I needs to be completed by each individual owner of the proposed franchisee.

MANAGEMENT AND EXPERIENCE

Anticipated Management: Self Third Party Management

If Third Party Management, please list the Management Company information:

Management Company Name:

Address:

Phone:

Do you plan to have equity partners?

Have you had any type of franchise business (hotel or otherwise) before?

Yes

Yes

No

No

If yes, please list the brand(s)/concept(s), along with your percentage of ownership.

Have your partners had any type of franchise business in the past? Yes No

Are any of your partners currently franchisees or investors/partners of a franchise?

If yes, please list the brand(s)/concept(s), along with percentage of ownership.

Yes No

Have you or your partners developed a new construction property? Yes No

If yes, please describe:

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Have you or your partners owned other businesses/hotels? Yes No

If yes, please list:

CREDIT REFERENCES: Please provide information regarding two financial institutions with which

you have a banking relationship.

Financial Institution: Phone:

Address:

Contact: Title:

Financial Institution: Phone:

Address:

Contact: Title:

When would you target breaking ground? Capital available to invest

How did you become aware of the opportunity to franchise with Choice Hotels?

Do you or your partners expect to develop more properties with Choice Hotels in the future? Yes No

Please submit the following items with this application: 1. Resume or Bio (for each partner)2. Personal Financial Statement (for each partner)

3. Executed Authorization (for each partner)

By submitting this Franchisee Information to Choice Hotels for consideration you warrant that all

information submitted is not misleading, truthful and complete. False or misleading information may be

grounds for termination of any resulting agreement.

Name:

Date:

Authorization For Release of Personal Data Record Information

This form must be completed by every owner of your proposed franchisee. Copy or print additional

copies as necessary.

In connection with my Franchise Application for a franchise with Choice Hotels, I hereby authorize Choice Hotels or its agents, to contact any present or past employer, financial institution, law enforcement agency, reference or any other person, firm or corporation.

I authorize and request any of the firms or persons contacted to provide all information concerning me, and I

hereby release said firms, institutions and their agents and employees from all liability and responsibility

from releasing this information. I understand such reports may contain information concerning my character,

credit history or criminal history. Choice Hotels agrees to restrict the use of this information only to the evaluation of my Franchise Application for a WoodSpring Suites or WoodSpring Suites Signature franchise.

I acknowledge and agree that a photocopy of this Authorization shall be accepted with the same authority as the original.

I further authorize Choice Hotels or its agent, to release to prospective financial sources such financial and other information concerning me in its files as may be requested.

Print Name:

Address:

City: State: Zip:

Date of Birth:

Social Security Number:

Signature:

Date:

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Section II

Site Information Name: Date:

Company: Phone:

In order for this request to be processed by Choice Hotels, this form with all required information must be

submitted. Choice Hotels may require additional information as well.

Neither the submission of this request for site review, nor recommendation of acceptance by a Choice Hotels

representative constitutes acceptance of the proposed franchise or franchisee. Only a fully executed Franchise

Agreement will constitute acceptance. Such acceptance does not in any way imply that the proposed

WoodSpring Suites or WoodSpring Suites Signature property will be successful or profitable.

Seeking to develop a:

Site Address/Intersection (please provide sufficient information to identify the proposed site):

City: State: Zip:

Total Buildable Acreage: Site Cost: Site Cost per Sq. Ft:

Current Status of Land: Owned Leased Optioned Under Contract Other

Loan to Value: Amortization and Term: Interest Rate on the Loan:

(Loan information should be based on your actual loan commitment or what you anticipate it to be once finalized.)

Proposed Number of Rooms: Zoned for Hotel Use? Yes No

Anticipated Groundbreak: Estimated Opening Date:

Frontage Square Feet: (how many square feet are fronting the street?):

Is a pole sign with LED allowed by code? Yes No Unknown at this time

Proposed Sign Location:

How tall can the sign be per the code? Unknown at this time

How many sq. ft. can the sign be per the code? Unknown at this time

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City Population:

Distance to Services (such as grocery store, gas station, and restaurants):

The following items are required with submission of your Site Information: 1. Documentation evidencing control or future control of site (i.e. land contract, etc.)2. Site Plan

3. Plat Map showing legal boundaries of property

4. Signage ordinance for site (if available)

5. Codes, Covenants & Restrictions for development (if available)

6. Google Earth Pin

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Section III

Entity Information

Name: Date:

In order for this request to be processed by Choice Hotels this form with all required information must

be submitted.

ENTITY/PARTNERSHIP INFORMATION:

IMPORTANT NOTE: WHEN NAMING A NEW COMPANY ENTITY, PLEASE NOTE THAT THE ENTITY

NAME MUST NOT INCLUDE THE WORDS “WOOD” or “SPRING” OR ANY OTHER CHOICE HOTELS BRAND NAME OR TRADEMARK (I.E., COMFORT, QUALITY, SLEEP, ETC.). WE ALSO REQUEST

THAT YOU REFRAIN FROM USING “WS” UNLESS COMBINED WITH OTHER DISTINCTIVE WORDS

(sample: “Jones Company WS West Denver LLC”)

Legal Entity Name for this Project:

Authorized Signature for Entity:

Name and Title

Please check the box that describes your entity:

Corporation Joint Venture Sole Proprietor General Partnership LLC

Estate Limited Partnership Other

Business Street Address:

Business City, State, Zip:

Business Telephone: Fax:

Email:

Ownership Structure: Voting Rights % Beneficial Interest %

Name of Partner

Name of Partner

Name of Partner

Name of Partner

Please use additional pages if necessary. Total 100% 100%

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Revised 1/2019

The following items are required with submission of your Franchise Information: 1. Entity Formation Documents – for example, Articles of Organization/Incorporation2. Governing Documents – for example, Operating Agreement, Partnership Agreement or Bylaws

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