Start-Up Costs and Fees |
||
| Home2 Suites | Starwood Hotels & Resorts | |
| Investment | 9102300 - 17456500 | 5000000 - 999999 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3.50% | |
| Year Founded | 2008 | 1998 |
| Year Franchised | 2009 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | Starwood Hotels & Resorts | |
| Experience | ||
Financing Options |
||
| Home2 Suites | Starwood Hotels & Resorts | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Home2 Suites | Starwood Hotels & 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 | |
| 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 | Starwood Hotels & 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 | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Home2 Suites | |
| Starwood Hotels & Resorts | |
| Franchise Fee | |
| Home2 Suites | |
| Starwood Hotels & Resorts | |
| Royalty Fee | |
| Home2 Suites | 5% |
| Starwood Hotels & Resorts | |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| Starwood Hotels & Resorts | |
| Year Founded | |
| Home2 Suites | 2008 |
| Starwood Hotels & Resorts | 1998 |
| Year Franchised | |
| Home2 Suites | 2009 |
| Starwood Hotels & Resorts | 1998 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| Starwood Hotels & Resorts | |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| Starwood Hotels & Resorts | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| Starwood Hotels & Resorts | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| Starwood Hotels & Resorts | |
| Start-up Costs | |
| Home2 Suites | |
| Starwood Hotels & Resorts | |
| Equipment | |
| Home2 Suites} | |
| Starwood Hotels & Resorts | |
| Inventory | |
| Home2 Suites | |
| Starwood Hotels & Resorts | |
| Receivables | |
| Home2 Suites | |
| Starwood Hotels & Resorts | |
| Payroll | |
| Home2 Suites | |
| Starwood Hotels & Resorts | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Starwood Hotels & 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 |
| Starwood Hotels & Resorts | |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Starwood Hotels & Resorts | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| Starwood Hotels & Resorts | |
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 |
| Starwood Hotels & 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 |
| Starwood Hotels & Resorts | |
| International Expansion | |
| Home2 Suites | Worldwide, |
| Starwood Hotels & Resorts | |