Start-Up Costs and Fees |
||
| Microtel Inns & Suites | MHO Hotel | |
| Investment | 5709119 - 6799356 | 59400 - 1238000 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1987 | 2020 |
| Year Franchised | 1988 | 2020 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | MHO Hotel | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | MHO Hotel | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Microtel Inns & Suites | MHO Hotel | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Microtel Inns & Suites | MHO Hotel | |
| 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 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Microtel Inns & Suites | |
| MHO Hotel | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| MHO Hotel | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| MHO Hotel | |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| MHO Hotel | |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| MHO Hotel | 2020 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| MHO Hotel | 2020 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| MHO Hotel | |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| MHO Hotel | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| MHO Hotel | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| MHO Hotel | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| MHO Hotel | |
| Equipment | |
| Microtel Inns & Suites} | |
| MHO Hotel | |
| Inventory | |
| Microtel Inns & Suites | |
| MHO Hotel | |
| Receivables | |
| Microtel Inns & Suites | |
| MHO Hotel | |
| Payroll | |
| Microtel Inns & Suites | |
| MHO Hotel | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| MHO Hotel | |
| Support | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| MHO Hotel | |
| Marketing | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| MHO Hotel | |
| Operations | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
| MHO Hotel | |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| MHO Hotel | 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 | |
| Microtel Inns & Suites | 0 |
| MHO Hotel | |
| International Expansion | |
| Microtel Inns & Suites | |
| MHO Hotel | |