Start-Up Costs and Fees |
||
| Residence Inn | Hospitality | |
| Investment | 0 - 0 | 133600 - 2602000 |
| Franchise Fee | 0 | |
| Royalty Fee | $35/rm/night | |
| Advertising Fee | ||
| Year Founded | 0 | 1971 |
| Year Franchised | 0 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Residence Inn | Hospitality | |
| Experience | ||
Financing Options |
||
| Residence Inn | Hospitality | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Residence Inn | Hospitality | |
| Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | |
| Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Residence Inn | Hospitality | |
| 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 | 0 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Residence Inn | |
| Hospitality | |
| Franchise Fee | |
| Residence Inn | |
| Hospitality | |
| Royalty Fee | |
| Residence Inn | |
| Hospitality | $35/rm/night |
| Advertising Fee | |
| Residence Inn | |
| Hospitality | |
| Year Founded | |
| Residence Inn | 0 |
| Hospitality | 1971 |
| Year Franchised | |
| Residence Inn | 0 |
| Hospitality | 1982 |
| Term Of Agreement | |
| Residence Inn | |
| Hospitality | 5 years |
| Renewal Fee | |
| Residence Inn | |
| Hospitality | |
Business Experience Requirements |
|
| Experience | |
| Residence Inn | |
| Hospitality | |
Financing Options |
|
| Franchise Fees | |
| Residence Inn | |
| Hospitality | |
| Start-up Costs | |
| Residence Inn | |
| Hospitality | |
| Equipment | |
| Residence Inn} | |
| Hospitality | |
| Inventory | |
| Residence Inn | |
| Hospitality | |
| Receivables | |
| Residence Inn | |
| Hospitality | |
| Payroll | |
| Residence Inn | |
| Hospitality | |
Training & Support |
|
| Training | |
| Residence Inn | |
| Hospitality | Classroom Training: 10.5 hours Additional Training: At regional training seminars |
| Support | |
| Residence Inn | |
| Hospitality | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| Residence Inn | |
| Hospitality | Ad Templates Regional Advertising Social media Website development Email marketing |
| Operations | |
| Residence Inn | |
| Hospitality | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Residence Inn | |
| Hospitality | 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 | |
| Residence Inn | 0 |
| Hospitality | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Residence Inn | |
| Hospitality | |