Start-Up Costs and Fees |
||
| Home2 Suites | TownePlace Suites | |
| Investment | 9102300 - 17456500 | 9180100 - 25635600 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3.50% | |
| Year Founded | 2008 | 1997 |
| Year Franchised | 2009 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | TownePlace Suites | |
| Experience | ||
Financing Options |
||
| Home2 Suites | TownePlace Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Home2 Suites | TownePlace Suites | |
| 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 | TownePlace Suites | |
| 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 | |
| TownePlace Suites | |
| Franchise Fee | |
| Home2 Suites | |
| TownePlace Suites | |
| Royalty Fee | |
| Home2 Suites | 5% |
| TownePlace Suites | |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| TownePlace Suites | |
| Year Founded | |
| Home2 Suites | 2008 |
| TownePlace Suites | 1997 |
| Year Franchised | |
| Home2 Suites | 2009 |
| TownePlace Suites | 1997 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| TownePlace Suites | |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| TownePlace Suites | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| TownePlace Suites | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| TownePlace Suites | |
| Start-up Costs | |
| Home2 Suites | |
| TownePlace Suites | |
| Equipment | |
| Home2 Suites} | |
| TownePlace Suites | |
| Inventory | |
| Home2 Suites | |
| TownePlace Suites | |
| Receivables | |
| Home2 Suites | |
| TownePlace Suites | |
| Payroll | |
| Home2 Suites | |
| TownePlace Suites | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| TownePlace Suites | |
| 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 |
| TownePlace Suites | |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| TownePlace Suites | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| TownePlace Suites | |
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 |
| TownePlace Suites | |
| 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 |
| TownePlace Suites | 0 |
| International Expansion | |
| Home2 Suites | Worldwide, |
| TownePlace Suites | |