Start-Up Costs and Fees |
||
| Home2 Suites | Settle Inn | |
| Investment | 9102300 - 17456500 | 2763290 - 3687220 |
| Franchise Fee | ||
| Royalty Fee | 5% | 3%year 1, 3.5%thereafter |
| Advertising Fee | 3.50% | 2.25% |
| Year Founded | 2008 | 1992 |
| Year Franchised | 2009 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | Settle Inn | |
| Experience | ||
Financing Options |
||
| Home2 Suites | Settle Inn | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Home2 Suites | Settle Inn | |
| 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 | Settle Inn | |
| 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 | |
| Settle Inn | |
| Franchise Fee | |
| Home2 Suites | |
| Settle Inn | |
| Royalty Fee | |
| Home2 Suites | 5% |
| Settle Inn | 3%year 1, 3.5%thereafter |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| Settle Inn | 2.25% |
| Year Founded | |
| Home2 Suites | 2008 |
| Settle Inn | 1992 |
| Year Franchised | |
| Home2 Suites | 2009 |
| Settle Inn | 1992 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| Settle Inn | 10 years, 5 years thereafter |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| Settle Inn | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| Settle Inn | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| Settle Inn | |
| Start-up Costs | |
| Home2 Suites | |
| Settle Inn | |
| Equipment | |
| Home2 Suites} | |
| Settle Inn | |
| Inventory | |
| Home2 Suites | |
| Settle Inn | |
| Receivables | |
| Home2 Suites | |
| Settle Inn | |
| Payroll | |
| Home2 Suites | |
| Settle Inn | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Settle Inn | |
| 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 |
| Settle Inn | |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Settle Inn | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| Settle Inn | |
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 |
| Settle Inn | |
| 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 |
| Settle Inn | 0 |
| International Expansion | |
| Home2 Suites | Worldwide, |
| Settle Inn | |