Start-Up Costs and Fees |
||
| Value Place | Home2 Suites | |
| Investment | 5035000 - 7031000 | 9102300 - 17456500 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3.50% | |
| Year Founded | 2003 | 2008 |
| Year Franchised | 2004 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Value Place | Home2 Suites | |
| Experience | ||
Financing Options |
||
| Value Place | Home2 Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Value Place | Home2 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 |
||
| Value Place | 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 | 0 | 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 | |
| Value Place | |
| Home2 Suites | |
| Franchise Fee | |
| Value Place | |
| Home2 Suites | |
| Royalty Fee | |
| Value Place | 5% |
| Home2 Suites | 5% |
| Advertising Fee | |
| Value Place | |
| Home2 Suites | 3.50% |
| Year Founded | |
| Value Place | 2003 |
| Home2 Suites | 2008 |
| Year Franchised | |
| Value Place | 2004 |
| Home2 Suites | 2009 |
| Term Of Agreement | |
| Value Place | 20 years |
| Home2 Suites | 22 years |
| Renewal Fee | |
| Value Place | 50% of current fran. fee |
| Home2 Suites | Same as initial fee |
Business Experience Requirements |
|
| Experience | |
| Value Place | |
| Home2 Suites | |
Financing Options |
|
| Franchise Fees | |
| Value Place | No |
| Home2 Suites | No |
| Start-up Costs | |
| Value Place | |
| Home2 Suites | |
| Equipment | |
| Value Place} | |
| Home2 Suites | |
| Inventory | |
| Value Place | |
| Home2 Suites | |
| Receivables | |
| Value Place | |
| Home2 Suites | |
| Payroll | |
| Value Place | |
| Home2 Suites | |
Training & Support |
|
| Training | |
| Value Place | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Support | |
| Value Place | |
| 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 | |
| Value Place | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Value Place | |
| Home2 Suites | Number of Employees Required to Run: 30 |
Expansion Plans |
|
| US Expansion | |
| Value Place | |
| 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 | |
| Value Place | 0 |
| 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 | |
| Value Place | |
| Home2 Suites | Worldwide, |