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