Start-Up Costs and Fees |
||
| Home2 Suites | NYLO Hotels | |
| Investment | 9102300 - 17456500 | 10880000 - 14800000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3.50% | 3.50% |
| Year Founded | 2008 | 0 |
| Year Franchised | 2009 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | NYLO Hotels | |
| Experience | ||
Financing Options |
||
| Home2 Suites | NYLO Hotels | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Home2 Suites | NYLO Hotels | |
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | |
| Marketing | 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 |
||
| Home2 Suites | NYLO Hotels | |
| 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 | |
| Home2 Suites | |
| NYLO Hotels | |
| Franchise Fee | |
| Home2 Suites | |
| NYLO Hotels | |
| Royalty Fee | |
| Home2 Suites | 5% |
| NYLO Hotels | 5% |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| NYLO Hotels | 3.50% |
| Year Founded | |
| Home2 Suites | 2008 |
| NYLO Hotels | 0 |
| Year Franchised | |
| Home2 Suites | 2009 |
| NYLO Hotels | 0 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| NYLO Hotels | |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| NYLO Hotels | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| NYLO Hotels | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| NYLO Hotels | |
| Start-up Costs | |
| Home2 Suites | |
| NYLO Hotels | |
| Equipment | |
| Home2 Suites} | |
| NYLO Hotels | |
| Inventory | |
| Home2 Suites | |
| NYLO Hotels | |
| Receivables | |
| Home2 Suites | |
| NYLO Hotels | |
| Payroll | |
| Home2 Suites | |
| NYLO Hotels | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| NYLO Hotels | |
| Support | |
| 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 |
| NYLO Hotels | |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| NYLO Hotels | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| NYLO Hotels | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| NYLO Hotels | |
| Canada Expansion | |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| NYLO Hotels | |
| International Expansion | |
| Home2 Suites | Worldwide, |
| NYLO Hotels | |