| ||||
Updated RecentlyInterContinental Hotels Group vs HomeTowne Studios Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of InterContinental Hotels Group vs HomeTowne Studios including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $70,494,125 - $103,087,610 | $345,500 - $1,238,500 |
| Franchise Fee | $75,000 | $30,000 |
| Royalty Fee | 5% | 3% |
| Advertising Fee | - | - |
| Year Founded | 1952 | 2017 |
| Year Franchised | 1954 | 2017 |
| Term Of Agreement | Varies; avg. 10 years | - |
| Term Of Agreement | Varies; avg. 10 years | - |
| Renewal Fee | Varies | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| 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 |
||
| Training | On-The-Job Training Classroom Training | - |
| Support | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
1% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | No |
Company Overviews
About InterContinental Hotels Group
InterContinental Hotels Group is a leading global hospitality group, with more than 3,500 hotels and 534,000 guest rooms across nearly 100 countries and territories. Every year more than 120 million people find a welcome at one of our lodging brands.
![""]("https://static.franchisedirect.ie/dims4/default/9cfe0cd/2147483647/crop/454x434%2B0%2B0/resize/200x191/quality/95/?url=http%3A%2F%2Fd1imm0s6tc8o7m.cloudfront.net%2F1f%2F1f%2F47018bb74550b92351e946038cf1%2Ftop100-big-2020.png")
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About HomeTowne Studios
![""]("https://fddexchange.com/wp-content/uploads/2021/01/HomeTowne-Studios-by-Red-Roof.jpg")
HomeTowne Studios by Red Roof is an extended stay hotel with flexible daily, weekly, and monthly rate options.
• Fully Furnished Rooms
• Kitchen
• Full Sized Refrigerator
• Microwave
• 2-Burner Stove Top
• Kitchen Table with Chairs
• Weekly House Keeping
• On-site Laundry
• Free High-Speed WiFi
• HD Flat Screen TV
• Extended Cable Package
• Free Domestic Phone Service
• All Inclusive Pricing - No Utility Bills!
• Rate Options: Daily, Weekly, Monthly
The total investment necessary to begin operation of a HomeTowne Studios
by Red Roof or a Home Town Inn lodging franchise for a 65-room
conversion hotel ranges from $345,500 to $1,238,500. These amounts do
not include the costs of land, original construction or acquisition, or
ground or building lease rent for the hotel location but do include the
approximately $56,500 to $62,000 that must be paid to the franchisor or
an affiliate.