Start-Up Costs and Fees |
||
| Home2 Suites | The Ritz-Carlton Company | |
| Investment | 9102300 - 17456500 | 5000000 - 7000000 |
| Franchise Fee | 0 | |
| 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 | The Ritz-Carlton Company | |
| Experience | ||
Financing Options |
||
| Home2 Suites | The Ritz-Carlton Company | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Home2 Suites | The Ritz-Carlton Company | |
| 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 | The Ritz-Carlton Company | |
| 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 | |
| The Ritz-Carlton Company | |
| Franchise Fee | |
| Home2 Suites | |
| The Ritz-Carlton Company | |
| Royalty Fee | |
| Home2 Suites | 5% |
| The Ritz-Carlton Company | |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| The Ritz-Carlton Company | |
| Year Founded | |
| Home2 Suites | 2008 |
| The Ritz-Carlton Company | 0 |
| Year Franchised | |
| Home2 Suites | 2009 |
| The Ritz-Carlton Company | 0 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| The Ritz-Carlton Company | |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| The Ritz-Carlton Company | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| The Ritz-Carlton Company | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| The Ritz-Carlton Company | |
| Start-up Costs | |
| Home2 Suites | |
| The Ritz-Carlton Company | |
| Equipment | |
| Home2 Suites} | |
| The Ritz-Carlton Company | |
| Inventory | |
| Home2 Suites | |
| The Ritz-Carlton Company | |
| Receivables | |
| Home2 Suites | |
| The Ritz-Carlton Company | |
| Payroll | |
| Home2 Suites | |
| The Ritz-Carlton Company | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| The Ritz-Carlton Company | |
| 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 |
| The Ritz-Carlton Company | |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| The Ritz-Carlton Company | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| The Ritz-Carlton Company | |
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 |
| The Ritz-Carlton Company | |
| 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 |
| The Ritz-Carlton Company | |
| International Expansion | |
| Home2 Suites | Worldwide, |
| The Ritz-Carlton Company | |