Question 1

How much does it cost to open a La Quinta Inn & Suites franchise?

Accepted Answer

The total initial investment for a La Quinta Inn & Suites franchise ranges from $4.3M to $17.2M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the La Quinta Inn & Suites franchise fee?

Accepted Answer

The initial franchise fee for La Quinta Inn & Suites is $55K.

Question 3

What are the net worth requirements for a La Quinta Inn & Suites franchise?

Accepted Answer

Net worth requirements for La Quinta Inn & Suites are specified in the Franchise Disclosure Document.

Question 4

Does La Quinta Inn & Suites require a personal guarantee?

Accepted Answer

Yes, La Quinta Inn & Suites requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a La Quinta Inn & Suites franchise?

Accepted Answer

Equipment costs for a La Quinta Inn & Suites franchise range from $887K to $1.2M. Initial inventory costs range from $11K to $419K.