Question 1

How much does it cost to open a Sonesta Select Hotels / Sonesta Essential Hotels franchise?

Accepted Answer

The total initial investment for a Sonesta Select Hotels / Sonesta Essential Hotels franchise ranges from $945K to $19.7M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Sonesta Select Hotels / Sonesta Essential Hotels franchise fee?

Accepted Answer

The initial franchise fee for Sonesta Select Hotels / Sonesta Essential Hotels is $65K.

Question 3

What are the net worth requirements for a Sonesta Select Hotels / Sonesta Essential Hotels franchise?

Accepted Answer

Net worth requirements for Sonesta Select Hotels / Sonesta Essential Hotels are specified in the Franchise Disclosure Document.

Question 4

Does Sonesta Select Hotels / Sonesta Essential Hotels require a personal guarantee?

Accepted Answer

Yes, Sonesta Select Hotels / Sonesta Essential Hotels requires a personal guarantee from franchisees.

Question 5

What equipment and inventory costs are involved with a Sonesta Select Hotels / Sonesta Essential Hotels franchise?

Accepted Answer

Equipment costs for a Sonesta Select Hotels / Sonesta Essential Hotels franchise range from $647K to $2.6M. Initial inventory costs range from $40K to $383K.