Start-Up Costs and Fees |
||
| Home2 Suites | Econo Lodge | |
| Investment | 9102300 - 17456500 | 208275 - 938645 |
| Franchise Fee | ||
| Royalty Fee | 5% | 4.50% |
| Advertising Fee | 3.50% | 3.50% |
| Year Founded | 2008 | 0 |
| Year Franchised | 2009 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | Econo Lodge | |
| Experience | ||
Financing Options |
||
| Home2 Suites | Econo Lodge | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Home2 Suites | Econo Lodge | |
| 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 |
||
| Home2 Suites | Econo Lodge | |
| 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 | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Home2 Suites | |
| Econo Lodge | |
| Franchise Fee | |
| Home2 Suites | |
| Econo Lodge | |
| Royalty Fee | |
| Home2 Suites | 5% |
| Econo Lodge | 4.50% |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| Econo Lodge | 3.50% |
| Year Founded | |
| Home2 Suites | 2008 |
| Econo Lodge | 0 |
| Year Franchised | |
| Home2 Suites | 2009 |
| Econo Lodge | 0 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| Econo Lodge | 20 years |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| Econo Lodge | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| Econo Lodge | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| Econo Lodge | |
| Start-up Costs | |
| Home2 Suites | |
| Econo Lodge | |
| Equipment | |
| Home2 Suites} | |
| Econo Lodge | |
| Inventory | |
| Home2 Suites | |
| Econo Lodge | |
| Receivables | |
| Home2 Suites | |
| Econo Lodge | |
| Payroll | |
| Home2 Suites | |
| Econo Lodge | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Econo Lodge | |
| 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 |
| Econo Lodge | |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Econo Lodge | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| Econo Lodge | |
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 |
| Econo Lodge | |
| 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 |
| Econo Lodge | |
| International Expansion | |
| Home2 Suites | Worldwide, |
| Econo Lodge | |