FranchiseVerdict
Sleep Inn logo
FV-02342·MODERATEStandard71

Sleep Inn

Lodging - Hotels & MotelsFranchising since 1987Website
Investment
$7.4M – $9.4M
57th pct Hotels & Mote…
Avg revenue
7th pct Hotels & Mote…
Royalty
5.5%
59th pct Hotels & Mote…
Units
427
88th pct Hotels & Mote…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $7.4M – $9.4M including a $3K franchise fee, 5.5% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 222 loans (below the industry average).
  • 92 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Choice Hotels International, Inc.
Parent company
Choice Hotels International, Inc.
Incorporated in
Delaware
HQ
915 Meeting Street, Suite 600, North Bethesda, Maryland 20852
Auditor
Ernst & Young LLP
Audited financials
Franchisor revenue
$1.1B
vs $1.4B prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Sleep Inn unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: hospitality
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $7.4M–$9.4M
Working capital
$
FDD reports $175K–$345K

Unlevered ROIC · per unit

1%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$83K
EBITDA margin
11.0%
Total invested
$8.7M
Payback
1258 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Sleep Inn franchisees operate limited-service hotel properties, managing guest check-in/check-out, housekeeping, maintenance, and front desk operations. Daily activities include revenue optimization through occupancy and rate management, maintaining brand standards, and paying 5.5% royalties on room revenues to the franchisor. Franchisees bear full responsibility for staffing, supplies, property upkeep, and local marketing within unprotected territory.

CEO
Patrick S. Pacious
Founded
1963
FDD year
2024
States available
43

Item 7 · what it costs

The Vitals

Total investment
$7.4M – $9.4M
All-in to open one unit
Liquid capital
$175K – $345K
Cash you must have on hand
Franchise fee
$3K
Royalty
5.5%
Gross Room Revenues · typical 6–8%
Ad fund
3.5%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
427
Opened
13
Last reporting year
Closed
9
Turnover rate
2.1%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+0.9%
Net unit change last year
3-yr CAGR
+3.1%
Compounded over last 3 years
2022
427+4
Franchised units
2023
423
Franchised units
2024
414
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 32 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 32 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
222
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

63
Risk · 0-100
MODERATE63 / 100

Sleep Inn presents high-risk investment characteristics marked by litigation exposure, stagnant growth, franchisee financial distress signals, and missing performance data, suggesting systemic franchisor-franchisee relationship problems.

Score breakdown · what drove the 63 / 100 rating

  1. 01MINORStagnant unit growth (0.9% YoY) suggests market saturation, weak support, or franchisee dissatisfaction in a mature 427-unit system
  2. 02MINORMultiple pending class-action lawsuits alleging discriminatory practices and anti-competitive behavior raise questions about franchisor ethics and potential future liability exposure
  3. 03MINOR84 royalty recovery actions initiated in prior fiscal year indicates systematic franchisee distress, cash flow problems, or aggressive franchisor collection tactics
  4. 04MINORNo average revenue or net income disclosure (Item 19 absent) prevents validation of investment ROI claims and suggests weak system performance
  5. 05MINORUnprotected territory creates direct competition risk; combined with stagnant growth, new units may cannibalize existing franchisee revenues
  6. 06MINORMultiple settled disputes involving rate concessions and cash payments suggest franchisor has material disputes about contract terms and fairness
  7. 07HIGHGoing Concern status 'False' with declining unit trajectory and litigation exposure raises long-term viability concerns

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Protected territory
No
Initial term
20 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
92
Right of first refusal
No
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Owner-operator
Optional
Governing law
Maryland

Item 11

Training & Operations

Classroom training
65 hrs
On-the-job training
16 hrs
POS system
choiceADVANTAGE
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

100 numbers

Locked
(928) 774-••••
AZ
(303) 629-••••
CO
(808) 586-••••
HI

One-time purchase · CSV download · Validation questions included

FDD download

Sleep Inn · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above