Start-Up Costs and Fees |
||
| Tru by Hilton | Ramada Worldwide | |
| Investment | 8332795 - 13542175 | 220731 - 9291313 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 4.50% |
| Advertising Fee | 4% | 4% |
| Year Founded | 0 | 1954 |
| Year Franchised | 0 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Tru by Hilton | Ramada Worldwide | |
| Experience | ||
Financing Options |
||
| Tru by Hilton | Ramada Worldwide | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Tru by Hilton | Ramada Worldwide | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Tru by Hilton | Ramada Worldwide | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Tru by Hilton | |
| Ramada Worldwide | |
| Franchise Fee | |
| Tru by Hilton | |
| Ramada Worldwide | |
| Royalty Fee | |
| Tru by Hilton | 5% |
| Ramada Worldwide | 4.50% |
| Advertising Fee | |
| Tru by Hilton | 4% |
| Ramada Worldwide | 4% |
| Year Founded | |
| Tru by Hilton | 0 |
| Ramada Worldwide | 1954 |
| Year Franchised | |
| Tru by Hilton | 0 |
| Ramada Worldwide | 1990 |
| Term Of Agreement | |
| Tru by Hilton | |
| Ramada Worldwide | 15-20 years |
| Renewal Fee | |
| Tru by Hilton | |
| Ramada Worldwide | |
Business Experience Requirements |
|
| Experience | |
| Tru by Hilton | |
| Ramada Worldwide | |
Financing Options |
|
| Franchise Fees | |
| Tru by Hilton | |
| Ramada Worldwide | |
| Start-up Costs | |
| Tru by Hilton | |
| Ramada Worldwide | |
| Equipment | |
| Tru by Hilton} | |
| Ramada Worldwide | |
| Inventory | |
| Tru by Hilton | |
| Ramada Worldwide | |
| Receivables | |
| Tru by Hilton | |
| Ramada Worldwide | |
| Payroll | |
| Tru by Hilton | |
| Ramada Worldwide | |
Training & Support |
|
| Training | |
| Tru by Hilton | |
| Ramada Worldwide | Regional workshops |
| Support | |
| Tru by Hilton | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Tru by Hilton | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Tru by Hilton | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 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 |
| Ramada Worldwide | |
| Canada Expansion | |
| Tru by Hilton | |
| Ramada Worldwide | |
| International Expansion | |
| Tru by Hilton | |
| Ramada Worldwide | |