Start-Up Costs and Fees |
||
| Microtel Inns & Suites | Tru by Hilton | |
| Investment | 5709119 - 6799356 | 8332795 - 13542175 |
| Franchise Fee | ||
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 4% |
| Year Founded | 1987 | 0 |
| Year Franchised | 1988 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | Tru by Hilton | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | Tru by Hilton | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Microtel Inns & Suites | Tru by Hilton | |
| 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 | Tru by Hilton | |
| 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 | |
| Tru by Hilton | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| Tru by Hilton | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| Tru by Hilton | 5% |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| Tru by Hilton | 4% |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| Tru by Hilton | 0 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| Tru by Hilton | 0 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| Tru by Hilton | |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| Tru by Hilton | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| Tru by Hilton | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| Tru by Hilton | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| Tru by Hilton | |
| Equipment | |
| Microtel Inns & Suites} | |
| Tru by Hilton | |
| Inventory | |
| Microtel Inns & Suites | |
| Tru by Hilton | |
| Receivables | |
| Microtel Inns & Suites | |
| Tru by Hilton | |
| Payroll | |
| Microtel Inns & Suites | |
| Tru by Hilton | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| Tru by Hilton | |
| Support | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Tru by Hilton | |
| Marketing | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Tru by Hilton | |
| 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. |
| Tru by Hilton | |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| Tru by Hilton | 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 |
| Tru by Hilton | |
| International Expansion | |
| Microtel Inns & Suites | |
| Tru by Hilton | |