La Quinta Franchise

Limited-sevice hotels

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La Quinta is one of the fastest growing mid-scale hotels with properties across the US, Canada and Mexico. Our purpose is to provide a refreshing and engaging environment that builds long-lasting, valuable relationships with employees, guests, owners and partners. La Quinta is a proud participant in VetFran, and is honored to offer veterans of our armed forces great incentives and enhanced resources for becoming a part of the La Quinta family.Veteran Incentives: 50% off application/franchise fees; development incentive of up to $4,000/roomThe total investment necessary to begin operation of a La Quinta Inn & Suites franchise for a 109-room new construction facility ranges from $10,348,042 to $12,901,630, including $71,050 to $91,500 that must be paid to the franchisor or an affiliate.The total investment necessary to begin operation of a La Quinta Inn & Suites franchise for a 100-room conversion facility ranges from $3,822,657 to $6,101,522 including $66,100 to $86,550 that must be paid to the franchisor or an affiliate. Land acquisition and site preparation costs are not included in these ranges.#193 in Franchise 500 for 2020.#217 in Franchise 500 for 2021.

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$129.55 USD
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$129.55
$129.55


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Please Note: The operators of La Quinta, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official La Quinta website.

How much does it cost to open a La Quinta Franchise ?

The investment required to open a La Quinta Franchise is between $3,822,657 - $12,901,630 . There is an initial franchise fee of $55,000 which grants you the license to run a business under the La Quinta name.

Individual Franchise Costs

  • Initial Investment:
    $3,822,657 -
  • Initial Franchise Fee:
    $55,000
  • Royalty Fee:
    4-4.5%
  • Advertising Fee:
    4.50%
  • Term of Agreement:
    20 years

Expense In-House Third Party
Franchise Fee No No
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Third Party Financing Source(s):
CIT Small Business Lending Corp., Stearus Bank

Support
Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives

Marketing
Co-op advertising, Ad slicks, National media, Regional advertising

La Quinta Growth History

When did the first La Quinta open? 1968
When did La Quinta start Franchising ? 2001

15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

General business experience


How much does a La Quinta Franchise owner make?

To calculate how much income a franchise owner can do at La Quinta Franchise , may vary on factors like location, size etc. On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise ver_a. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial oper_ating costs like signage, furniture, decoration and renovations.

Initial Investment
$55,000 - $12,901,630
Initial Franchise Fee
$55,000
Royalty Fee
4-4.5%
Advertising Fee
4.50%
Term of Agreement
20 years
Latest News
La Quinta Announces Agreement To Be Acquired By The Blackstone Group
Dallas
2005-11-09
La Quinta Corporation Reports Status Of Hotels Impacted By Hurricane Katrina
Dallas, Tx
2005-08-31
Free High Speed Internet Access Becomes Brand Standard At La Quinta And Baymont
Dallas
2005-06-09
La Quinta Announces Agreement For First Property In Mexico
Dallas
2005-06-02
Everyone Is A Winner At La Quinta And Baymont Hotels This Summer
Dallas
2005-06-01
La Quinta And Baymont Guests Reap Benefits Of Integrated Loyalty Program
Dallas
2005-04-15 View All
La Quinta Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for La Quinta and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a La Quinta franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.