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Updated RecentlyHomewood Suites by Hilton vs Everhome Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Homewood Suites by Hilton vs Everhome Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $12,337,700 - $25,972,000 | $10,108,350 - $12,101,869 |
| Franchise Fee | $75,000 | N/A |
| Royalty Fee | 3.5% - 5.5% | - |
| Advertising Fee | 3.5% | - |
| Year Founded | 1988 | - |
| Year Franchised | 1988 | - |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | Same as initial fee | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-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 |
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| 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 |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
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
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#133 in Franchise 500 for 2020.
#122 in Franchise 500 for 2021.
About Everhome Suites
!["Everhome]("https://fddexchange.com/wp-content/uploads/2020/03/Everhome-Suites.jpg")
Choice Hotels will offer the following to help hotel developers build a strong and successful portfolio with Everhome Suites:
- A successful area development model, which gives developers the freedom to grow in their desired market.
- Proprietary site-modeling tool to help developers select the right location for their hotel.
- Turnkey development support and flexible prototypes to bring projects to market quickly.
- An extremely competitive cost per key.
- Proven operating model that helps keep hotels easy and affordable to run.
- A brand that accommodates market needs.
The total investment necessary to begin operation of a 113-room newly
constructed Everhome Suites hotel franchise is between $10,108,350 and
$12,101,869. This includes an affiliation fee of $50,000 for properties
with 113 rooms or less, $300/per room for each additional room and $550
per room for transfers and renewals ($50,000 minimum); a property
management system software license and systems training fee of between
$10,750 and $14,750; and orientation and hospitality training fees of
$0 - $3,145 per person, all of which must be paid to the Franchisor or its
affiliates. These sums do not include the cost of purchasing or leasing
land or any real estate taxes.