Start-Up Costs and Fees |
||
| La Quinta | Home2 Suites | |
| Investment | 3822657 - 12901630 | 9102300 - 17456500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4-4.5% | 5% |
| Advertising Fee | 4.50% | 3.50% |
| Year Founded | 1968 | 2008 |
| Year Franchised | 2001 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| La Quinta | Home2 Suites | |
| Experience | General business experience | |
Financing Options |
||
| La Quinta | Home2 Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| La Quinta | Home2 Suites | |
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | 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 slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) | Number of Employees Required to Run: 30 |
Expansion Plans |
||
| La Quinta | Home2 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 | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| La Quinta | |
| Home2 Suites | |
| Franchise Fee | |
| La Quinta | |
| Home2 Suites | |
| Royalty Fee | |
| La Quinta | 4-4.5% |
| Home2 Suites | 5% |
| Advertising Fee | |
| La Quinta | 4.50% |
| Home2 Suites | 3.50% |
| Year Founded | |
| La Quinta | 1968 |
| Home2 Suites | 2008 |
| Year Franchised | |
| La Quinta | 2001 |
| Home2 Suites | 2009 |
| Term Of Agreement | |
| La Quinta | 20 years |
| Home2 Suites | 22 years |
| Renewal Fee | |
| La Quinta | |
| Home2 Suites | Same as initial fee |
Business Experience Requirements |
|
| Experience | |
| La Quinta | General business experience |
| Home2 Suites | |
Financing Options |
|
| Franchise Fees | |
| La Quinta | No |
| Home2 Suites | No |
| Start-up Costs | |
| La Quinta | |
| Home2 Suites | |
| Equipment | |
| La Quinta} | |
| Home2 Suites | |
| Inventory | |
| La Quinta | |
| Home2 Suites | |
| Receivables | |
| La Quinta | |
| Home2 Suites | |
| Payroll | |
| La Quinta | |
| Home2 Suites | |
Training & Support |
|
| Training | |
| La Quinta | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Support | |
| La Quinta | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| 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 |
| Marketing | |
| La Quinta | Co-op advertising, Ad slicks, National media, Regional advertising |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| La Quinta | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) |
| Home2 Suites | Number of Employees Required to Run: 30 |
Expansion Plans |
|
| US Expansion | |
| La Quinta | |
| 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 |
| Canada Expansion | |
| La Quinta | |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| La Quinta | |
| Home2 Suites | Worldwide, |