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