Start-Up Costs and Fees |
||
| Hawthorn Suites | GrandStay Residential Suites | |
| Investment | 225693 - 12785326 | 117900 - 10090200 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 5% |
| Advertising Fee | 2.50% | 2% |
| Year Founded | 1986 | 2000 |
| Year Franchised | 1986 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hawthorn Suites | GrandStay Residential Suites | |
| Experience | ||
Financing Options |
||
| Hawthorn Suites | GrandStay Residential Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hawthorn Suites | GrandStay Residential Suites | |
| Training | Available at headquarters, Available at franchisee's location, At regional location | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Hawthorn Suites | GrandStay Residential 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hawthorn Suites | |
| GrandStay Residential Suites | |
| Franchise Fee | |
| Hawthorn Suites | |
| GrandStay Residential Suites | |
| Royalty Fee | |
| Hawthorn Suites | 5.50% |
| GrandStay Residential Suites | 5% |
| Advertising Fee | |
| Hawthorn Suites | 2.50% |
| GrandStay Residential Suites | 2% |
| Year Founded | |
| Hawthorn Suites | 1986 |
| GrandStay Residential Suites | 2000 |
| Year Franchised | |
| Hawthorn Suites | 1986 |
| GrandStay Residential Suites | 2000 |
| Term Of Agreement | |
| Hawthorn Suites | 20 years |
| GrandStay Residential Suites | |
| Renewal Fee | |
| Hawthorn Suites | 50% of current franchise fee |
| GrandStay Residential Suites | |
Business Experience Requirements |
|
| Experience | |
| Hawthorn Suites | |
| GrandStay Residential Suites | |
Financing Options |
|
| Franchise Fees | |
| Hawthorn Suites | No |
| GrandStay Residential Suites | No |
| Start-up Costs | |
| Hawthorn Suites | |
| GrandStay Residential Suites | |
| Equipment | |
| Hawthorn Suites} | |
| GrandStay Residential Suites | |
| Inventory | |
| Hawthorn Suites | |
| GrandStay Residential Suites | |
| Receivables | |
| Hawthorn Suites | |
| GrandStay Residential Suites | |
| Payroll | |
| Hawthorn Suites | |
| GrandStay Residential Suites | |
Training & Support |
|
| Training | |
| Hawthorn Suites | Available at headquarters, Available at franchisee's location, At regional location |
| GrandStay Residential Suites | |
| Support | |
| Hawthorn Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| GrandStay Residential Suites | |
| Marketing | |
| Hawthorn Suites | Co-op advertising, Ad slicks, National media |
| GrandStay Residential Suites | |
| Operations | |
| Hawthorn Suites | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. |
| GrandStay Residential Suites | |
Expansion Plans |
|
| US Expansion | |
| Hawthorn Suites | |
| GrandStay Residential 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 | |
| Hawthorn Suites | |
| GrandStay Residential Suites | |
| International Expansion | |
| Hawthorn Suites | |
| GrandStay Residential Suites | |