Homewood Suites by Hilton vs voco hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Homewood Suites by Hilton vs voco hotels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Homewood Suites by Hilton Franchise
voco hotels Franchise
Investment $12,337,700 - $25,972,000$15,963,880 - $46,738,600
Franchise Fee $75,000$75,000
Royalty Fee 3.5% - 5.5%0
Advertising Fee 3.5%0
Year Founded 19882020
Year Franchised 19882020
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee Same as initial fee-


Business Experience Requirements

 
Homewood Suites by Hilton Franchise
voco hotels Franchise
Experience
  • Industry experience
  • General business experience
  • -

    Financing Options

     
    Homewood Suites by Hilton Franchise
    voco hotels Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support

     
    Homewood Suites by Hilton Franchise
    voco hotels Franchise
    Training Classroom Training: 141-148 hours Additional Training: At Memphis, TN, corporate office-
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform-
    Marketing 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: 25

    Absentee ownership of franchise is allowed.

    -

    Expansion Plans

     
    Homewood Suites by Hilton Franchise
    voco hotels Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About Homewood Suites by Hilton

    Make Yourself At Home. Investing in Homewood Suites by Hilton gives you the opportunity to capture your own piece of one of the fastest-growing segments in the hotel industry. When you develop with us, you get the upscale position in the extended-stay market backed by the power of the Hilton name.
    When you develop a Homewood, you're not just developing a hotel, but a relationship with the entire Hilton Family of Hotels. Advantages like our friendly corporate staff, central reservations system and award-winning Hilton HHonors guest reward program make this a brand you'll want to stay with for a long time.

    Franchisor is seeking new franchise units throughout the U.S. , Canada and Mexico    

    Veteran Incentives  Varies
    "Entrepreneur
    #133 in Franchise 500 for 2020.
    #122 in Franchise 500 for 2021.


    About voco hotels

    "voco

    Drawing on their years of experience in delivering True Hospitality, voco Hotels, gives people a different choice.

    The voco™ brand offers owners the ability to drive higher returns by delivering a distinctive, compelling, experiential consumer proposition and leveraging IHG's powerful resources.
    voco is leading a trend towards conversions, which we’re seeing across the full breadth of our portfolio and accounted for a quarter of IHG’s signings overall in the first half of 2020