What is the range for the Property Improvement Plan (PIP) fee for an Atwell Suites hotel?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
s do not include the cost of land and contingency funds or other items that Holiday cannot estimate.
YOUR ESTIMATED INITIAL INVESTMENT FOR A 116-ROOM ATWELL SUITES® HOTEL:
| (Column 1) Type of Expenditure | (Column 2) Amount | (Column 3) Method of payment and when due | (Column 4) To whom payment\nis to be made |
|---|---|---|---|
| Application Fee | $58,000 | Lump sum with application | Holiday |
| (Note 1) | |||
| Property Improvement Plan ("PIP") fee (Note 1) | $0 to $10,000 | Before you submit your application |
Source: Item 7 — Estimated Initial Investment (FDD pages 56–65)
What This Means (2025 FDD)
According to Atwell Suites's 2025 Franchise Disclosure Document, the Property Improvement Plan (PIP) fee ranges from $0 to $10,000. This fee is due before you submit your application to Holiday, the parent company.
The Property Improvement Plan, common in the hotel franchise industry, is designed to ensure that the property meets the brand's standards and reflects current market expectations. The fee likely covers the cost of assessing the property and developing the plan. The PIP itself will outline required upgrades, renovations, or changes necessary to align the hotel with Atwell Suites' brand standards.
For a prospective Atwell Suites franchisee, this means setting aside up to $10,000 for the PIP fee during the initial investment phase. It's important to clarify with Atwell Suites what factors determine the actual fee amount within this range. Understanding the scope of the PIP requirements is crucial, as the costs for the improvements themselves can be substantial and are separate from this initial fee. Franchisees should inquire about typical PIP requirements for similar properties to better estimate potential renovation costs.