Start-Up Costs and Fees |
||
| Home2 Suites | America's Best Inns & Suites | |
| Investment | 9102300 - 17456500 | 109250 - 5836500 |
| Franchise Fee | ||
| Royalty Fee | 5% | 17.50 -$22.50/room/mo. |
| Advertising Fee | 3.50% | |
| Year Founded | 2008 | 1970 |
| Year Franchised | 2009 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | America's Best Inns & Suites | |
| Experience | ||
Financing Options |
||
| Home2 Suites | America's Best Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Home2 Suites | America's Best Inns & 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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Number of Employees Required to Run: 30 | Number of employees needed to run franchised unit: 6 - 12 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Home2 Suites | America's Best 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | 0 |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Home2 Suites | |
| America's Best Inns & Suites | |
| Franchise Fee | |
| Home2 Suites | |
| America's Best Inns & Suites | |
| Royalty Fee | |
| Home2 Suites | 5% |
| America's Best Inns & Suites | 17.50 -$22.50/room/mo. |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| America's Best Inns & Suites | |
| Year Founded | |
| Home2 Suites | 2008 |
| America's Best Inns & Suites | 1970 |
| Year Franchised | |
| Home2 Suites | 2009 |
| America's Best Inns & Suites | 1982 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| America's Best Inns & Suites | |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| America's Best Inns & Suites | 50% of then-current fran. fee |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| America's Best Inns & Suites | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| America's Best Inns & Suites | |
| Start-up Costs | |
| Home2 Suites | |
| America's Best Inns & Suites | |
| Equipment | |
| Home2 Suites} | |
| America's Best Inns & Suites | |
| Inventory | |
| Home2 Suites | |
| America's Best Inns & Suites | |
| Receivables | |
| Home2 Suites | |
| America's Best Inns & Suites | |
| Payroll | |
| Home2 Suites | |
| America's Best Inns & Suites | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| America's Best Inns & Suites | |
| Support | |
| 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 |
| America's Best Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| America's Best Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| America's Best Inns & Suites | Number of employees needed to run franchised unit: 6 - 12 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| 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 |
| America's Best Inns & Suites | |
| Canada Expansion | |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| America's Best Inns & Suites | 0 |
| International Expansion | |
| Home2 Suites | Worldwide, |
| America's Best Inns & Suites | |