Start-Up Costs and Fees |
||
| Home2 Suites | Residence Inn | |
| Investment | 9102300 - 17456500 | 0 - 0 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3.50% | |
| Year Founded | 2008 | 0 |
| Year Franchised | 2009 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | Residence Inn | |
| Experience | ||
Financing Options |
||
| Home2 Suites | Residence Inn | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Home2 Suites | Residence Inn | |
| 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 | Residence Inn | |
| 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 | |
| Residence Inn | |
| Franchise Fee | |
| Home2 Suites | |
| Residence Inn | |
| Royalty Fee | |
| Home2 Suites | 5% |
| Residence Inn | |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| Residence Inn | |
| Year Founded | |
| Home2 Suites | 2008 |
| Residence Inn | 0 |
| Year Franchised | |
| Home2 Suites | 2009 |
| Residence Inn | 0 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| Residence Inn | |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| Residence Inn | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| Residence Inn | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| Residence Inn | |
| Start-up Costs | |
| Home2 Suites | |
| Residence Inn | |
| Equipment | |
| Home2 Suites} | |
| Residence Inn | |
| Inventory | |
| Home2 Suites | |
| Residence Inn | |
| Receivables | |
| Home2 Suites | |
| Residence Inn | |
| Payroll | |
| Home2 Suites | |
| Residence Inn | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Residence Inn | |
| 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 |
| Residence Inn | |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Residence Inn | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| Residence Inn | |
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 |
| Residence Inn | |
| 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 |
| Residence Inn | 0 |
| International Expansion | |
| Home2 Suites | Worldwide, |
| Residence Inn | |