Start-Up Costs and Fees |
||
| Park Plaza Hotels and Resorts | GrandStay Residential Suites | |
| Investment | 187500 - 1200000 | 117900 - 10090200 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 2% | |
| Year Founded | 1986 | 2000 |
| Year Franchised | 1993 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Park Plaza Hotels and Resorts | GrandStay Residential Suites | |
| Experience | ||
Financing Options |
||
| Park Plaza Hotels and Resorts | GrandStay Residential Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Park Plaza Hotels and Resorts | GrandStay Residential Suites | |
| 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 | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Park Plaza Hotels and Resorts | GrandStay Residential Suites | |
| 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 | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |
| Franchise Fee | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |
| Royalty Fee | |
| Park Plaza Hotels and Resorts | 5% |
| GrandStay Residential Suites | 5% |
| Advertising Fee | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | 2% |
| Year Founded | |
| Park Plaza Hotels and Resorts | 1986 |
| GrandStay Residential Suites | 2000 |
| Year Franchised | |
| Park Plaza Hotels and Resorts | 1993 |
| GrandStay Residential Suites | 2000 |
| Term Of Agreement | |
| Park Plaza Hotels and Resorts | 15 years |
| GrandStay Residential Suites | |
| Renewal Fee | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |
Business Experience Requirements |
|
| Experience | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |
Financing Options |
|
| Franchise Fees | |
| Park Plaza Hotels and Resorts | No |
| GrandStay Residential Suites | No |
| Start-up Costs | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |
| Equipment | |
| Park Plaza Hotels and Resorts} | |
| GrandStay Residential Suites | |
| Inventory | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |
| Receivables | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |
| Payroll | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |
Training & Support |
|
| Training | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |
| Support | |
| Park Plaza Hotels and Resorts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| GrandStay Residential Suites | |
| Marketing | |
| Park Plaza Hotels and Resorts | Co-op advertising, Ad slicks, National media, Regional advertising |
| GrandStay Residential Suites | |
| Operations | |
| Park Plaza Hotels and Resorts | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. |
| GrandStay Residential Suites | |
Expansion Plans |
|
| US Expansion | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential 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 |
| Canada Expansion | |
| Park Plaza Hotels and Resorts | 0 |
| GrandStay Residential Suites | |
| International Expansion | |
| Park Plaza Hotels and Resorts | |
| GrandStay Residential Suites | |