Start-Up Costs and Fees |
||
| Tru by Hilton | Microtel Inns & Suites | |
| Investment | 8332795 - 13542175 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 4% | 2% |
| Year Founded | 0 | 1987 |
| Year Franchised | 0 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Tru by Hilton | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| Tru by Hilton | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Tru by Hilton | Microtel Inns & Suites | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Tru by Hilton | Microtel Inns & 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Tru by Hilton | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| Tru by Hilton | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| Tru by Hilton | 5% |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| Tru by Hilton | 4% |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| Tru by Hilton | 0 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| Tru by Hilton | 0 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| Tru by Hilton | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| Tru by Hilton | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Tru by Hilton | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| Tru by Hilton | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| Tru by Hilton | |
| Microtel Inns & Suites | |
| Equipment | |
| Tru by Hilton} | |
| Microtel Inns & Suites | |
| Inventory | |
| Tru by Hilton | |
| Microtel Inns & Suites | |
| Receivables | |
| Tru by Hilton | |
| Microtel Inns & Suites | |
| Payroll | |
| Tru by Hilton | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| Tru by Hilton | |
| Microtel Inns & Suites | |
| Support | |
| Tru by Hilton | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Tru by Hilton | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Tru by Hilton | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Tru by Hilton | 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 |
| Microtel Inns & Suites | |
| Canada Expansion | |
| Tru by Hilton | |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| Tru by Hilton | |
| Microtel Inns & Suites | |