Start-Up Costs and Fees |
||
| Home2 Suites | Park Plaza Hotels and Resorts | |
| Investment | 9102300 - 17456500 | 187500 - 1200000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3.50% | |
| Year Founded | 2008 | 1986 |
| Year Franchised | 2009 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | Park Plaza Hotels and Resorts | |
| Experience | ||
Financing Options |
||
| Home2 Suites | Park Plaza Hotels and Resorts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Home2 Suites | Park Plaza Hotels and Resorts | |
| 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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Number of Employees Required to Run: 30 | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Home2 Suites | Park Plaza Hotels and Resorts | |
| 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 | 0 |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Home2 Suites | |
| Park Plaza Hotels and Resorts | |
| Franchise Fee | |
| Home2 Suites | |
| Park Plaza Hotels and Resorts | |
| Royalty Fee | |
| Home2 Suites | 5% |
| Park Plaza Hotels and Resorts | 5% |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| Park Plaza Hotels and Resorts | |
| Year Founded | |
| Home2 Suites | 2008 |
| Park Plaza Hotels and Resorts | 1986 |
| Year Franchised | |
| Home2 Suites | 2009 |
| Park Plaza Hotels and Resorts | 1993 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| Park Plaza Hotels and Resorts | 15 years |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| Park Plaza Hotels and Resorts | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| Park Plaza Hotels and Resorts | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| Park Plaza Hotels and Resorts | |
| Start-up Costs | |
| Home2 Suites | |
| Park Plaza Hotels and Resorts | |
| Equipment | |
| Home2 Suites} | |
| Park Plaza Hotels and Resorts | |
| Inventory | |
| Home2 Suites | |
| Park Plaza Hotels and Resorts | |
| Receivables | |
| Home2 Suites | |
| Park Plaza Hotels and Resorts | |
| Payroll | |
| Home2 Suites | |
| Park Plaza Hotels and Resorts | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Park Plaza Hotels and Resorts | |
| 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 |
| Park Plaza Hotels and Resorts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Park Plaza Hotels and Resorts | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| Park Plaza Hotels and Resorts | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. |
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 |
| Park Plaza Hotels and Resorts | |
| 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 |
| Park Plaza Hotels and Resorts | 0 |
| International Expansion | |
| Home2 Suites | Worldwide, |
| Park Plaza Hotels and Resorts | |