Coratel Inn & Suites

$CRTLF500 #501
CategoryLodging
SubcategoryLodging
ParentJasper Hotels, LLC
Founded2019
Completeness26/34 (76%)
Years in Business6
Began Franchising2019
HQWoodbury, MN
Executives3
Links
Main Phone
FDD IssuedAugust 15, 2025
Last UpdatedAug 15, 2025
FDD
Franchisor

JASPER HOTELS, LLC offers franchises for the development and operation of CORATEL INN & SUITES hotels, which are hotel and hospitality services characterized by distinctive interior design, trade dress, uniform guidelines, and operational procedures.

JASPER HOTELS, LLC is a Minnesota limited liability company organized April 5, 2019, with no parent companies. Owned equally (33.3% each) by Muhamed Munaf, Mathew Thachil, and Harshad Bhakta. Leadership: President Harshad Bhakta (39+ yrs hospitality experience), Chief Operating Officer Muhamed Munaf (20+ yrs, hospitality graduate degree), Chief Technology Officer Mathew Thachil (15+ yrs airline/hotel industry, master's in computer science). Principal address: 2042 Wooddale Drive, Suite 250-5005, Woodbury, MN 55125. As of FDD date, 16 franchises sold; JASPER owns/operates 13 company hotels.

JASPER HOTELS, LLC offers franchises for the development and operation of CORATEL INN & SUITES hotels, which are hotel and hospitality services characterized by distinctive interior design, trade dress, uniform guidelines, and operational procedures.

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Inside the full scorecard
FranDeals Score
34-box data-completeness and quality rating
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Franchisee Health Score
Operator-side financial health signal
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Fees & Investment
Franchise fee, royalty, total startup cost (Items 5–7)
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Financial Strength & Stability
Current ratio, debt/equity, ROE, margins (Item 21)
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Item 19 — Financial Performance
Average unit revenue, revenue spread, payback
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Unit Count & Growth
Systemwide units and multi-year growth (Item 20)
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Outlet Trajectory
Openings, closures, survival & turnover rates
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Executive Team
Officers and directors (Item 2)
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Franchisee Roster
Current and former franchisee operators
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Litigation & Disclosures
Item 3 legal matters, Item 4 bankruptcy
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News & Peer Comparison
Recent signals and category benchmarks
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