Start-Up Costs and Fees |
||
| Park Plaza Hotels and Resorts | Home2 Suites | |
| Investment | 187500 - 1200000 | 9102300 - 17456500 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3.50% | |
| Year Founded | 1986 | 2008 |
| Year Franchised | 1993 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Park Plaza Hotels and Resorts | Home2 Suites | |
| Experience | ||
Financing Options |
||
| Park Plaza Hotels and Resorts | Home2 Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Park Plaza Hotels and Resorts | Home2 Suites | |
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | 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 slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. | Number of Employees Required to Run: 30 |
Expansion Plans |
||
| Park Plaza Hotels and Resorts | Home2 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | |
| Franchise Fee | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | |
| Royalty Fee | |
| Park Plaza Hotels and Resorts | 5% |
| Home2 Suites | 5% |
| Advertising Fee | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | 3.50% |
| Year Founded | |
| Park Plaza Hotels and Resorts | 1986 |
| Home2 Suites | 2008 |
| Year Franchised | |
| Park Plaza Hotels and Resorts | 1993 |
| Home2 Suites | 2009 |
| Term Of Agreement | |
| Park Plaza Hotels and Resorts | 15 years |
| Home2 Suites | 22 years |
| Renewal Fee | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | Same as initial fee |
Business Experience Requirements |
|
| Experience | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | |
Financing Options |
|
| Franchise Fees | |
| Park Plaza Hotels and Resorts | No |
| Home2 Suites | No |
| Start-up Costs | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | |
| Equipment | |
| Park Plaza Hotels and Resorts} | |
| Home2 Suites | |
| Inventory | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | |
| Receivables | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | |
| Payroll | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | |
Training & Support |
|
| Training | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Support | |
| Park Plaza Hotels and Resorts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| 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 |
| Marketing | |
| Park Plaza Hotels and Resorts | Co-op advertising, Ad slicks, National media, Regional advertising |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Park Plaza Hotels and Resorts | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. |
| Home2 Suites | Number of Employees Required to Run: 30 |
Expansion Plans |
|
| US Expansion | |
| Park Plaza Hotels and Resorts | |
| 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 |
| Canada Expansion | |
| Park Plaza Hotels and Resorts | 0 |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Park Plaza Hotels and Resorts | |
| Home2 Suites | Worldwide, |