Start-Up Costs and Fees |
||
| Candlewood Suites | Home2 Suites | |
| Investment | 7807040 - 10716900 | 9102300 - 17456500 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3.50% | |
| Year Founded | 1995 | 2008 |
| Year Franchised | 1996 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Candlewood Suites | Home2 Suites | |
| Experience | ||
Financing Options |
||
| Candlewood Suites | Home2 Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Candlewood Suites | Home2 Suites | |
| Training | On-The-Job Training: Varies Classroom Training: Varies | On-The-Job Training: 1 hour Classroom Training: Varies |
| Support | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad Templates National Media SEO Loyalty program/app | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of Employees Required to Run: 30 | |
Expansion Plans |
||
| Candlewood Suites | Home2 Suites | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Candlewood Suites | |
| Home2 Suites | |
| Franchise Fee | |
| Candlewood Suites | |
| Home2 Suites | |
| Royalty Fee | |
| Candlewood Suites | 5% |
| Home2 Suites | 5% |
| Advertising Fee | |
| Candlewood Suites | |
| Home2 Suites | 3.50% |
| Year Founded | |
| Candlewood Suites | 1995 |
| Home2 Suites | 2008 |
| Year Franchised | |
| Candlewood Suites | 1996 |
| Home2 Suites | 2009 |
| Term Of Agreement | |
| Candlewood Suites | |
| Home2 Suites | 22 years |
| Renewal Fee | |
| Candlewood Suites | |
| Home2 Suites | Same as initial fee |
Business Experience Requirements |
|
| Experience | |
| Candlewood Suites | |
| Home2 Suites | |
Financing Options |
|
| Franchise Fees | |
| Candlewood Suites | |
| Home2 Suites | |
| Start-up Costs | |
| Candlewood Suites | |
| Home2 Suites | |
| Equipment | |
| Candlewood Suites} | |
| Home2 Suites | |
| Inventory | |
| Candlewood Suites | |
| Home2 Suites | |
| Receivables | |
| Candlewood Suites | |
| Home2 Suites | |
| Payroll | |
| Candlewood Suites | |
| Home2 Suites | |
Training & Support |
|
| Training | |
| Candlewood Suites | On-The-Job Training: Varies Classroom Training: Varies |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Support | |
| Candlewood Suites | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Home2 Suites | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Candlewood Suites | Ad Templates National Media SEO Loyalty program/app |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Candlewood Suites | |
| Home2 Suites | Number of Employees Required to Run: 30 |
Expansion Plans |
|
| US Expansion | |
| Candlewood Suites | |
| Home2 Suites | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Candlewood Suites | |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Candlewood Suites | |
| Home2 Suites | Worldwide, |