GUESTHOUSE vs Cobblestone Inn and Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of GUESTHOUSE vs Cobblestone Inn and Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$118,000 - $1,918,500 | $64,799 - $8,738,497 |
Franchise Fee |
$15,000 | $35,000 |
Royalty Fee |
3%year1, 3.5%thereafter | $3/room/day |
Advertising Fee |
1.5% | .25/room/day |
Year Founded |
1987 | 2008 |
Year Franchised |
1987 | 2012 |
Term Of Agreement |
10 years, 5 years thereafter | 20 years |
Term Of Agreement |
10 years, 5 years thereafter | 20 years |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | *5 days at Headquarters
*14 days at the Hotel location
*up to 14 days at each new Hotel location |
Support |
- | - |
Marketing |
- | - |
Operations |
- | 90% are owner/Operators.
10% are investors
Approx. 7 Full Time employees are necessary for each Hotel |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
No | - |
International Expansion |
No | Yes |
Company Overviews
About GUESTHOUSE
GuestHouse International Inns Hotels and Suites evolved from the first
GuestHouse Inn & Suites in Little Rock AR in 1987 to become a leading mid-market brand with 70+ properties across America and China.
GuestHouse International's most popular standard amenities include complimentary continental breakfast, freshly baked Belgian waffles, 25" remote-controlled TV's with free sports, movie and all news channels, data ports, In-room coffeemakers, free parking, and high speed internet access.
The
GuestHouse International franchise support system is one of the best in the industry. Franchise Service Managers provide support from initial opening to front desk training to outside sales assistance. Our Brand Assurance team helps property managers maintain the highest possible standards to ensure guest satisfaction and increase success. InnLink Central Reservation Systems (located in
GuestHouse Int'l corporate headquarters) delivers GDS, voice and branded reservation services at
www.guesthouseintl.com.
Guest House International franchise agreements reward success and a true working relationship between owner and franchisor.
In December 2006,
GuestHouse International was purchased by Settle Inn LLC. In 2005 Settle Inn LLC, working with the AAFD, developed a franchise agreement that has been awarded the most franchise friendly contract in the lodging industry. As with Settle Inn LLC,
GuestHouse International is committed to delivering exceptional service to our franchisees.
The total investment necessary to convert an existing hotel into a
70-room GuestHouse Extended Stay Hotel is $118,000 to $1,918,500. This
estimate includes $21,000 to $22,000 that must be paid to the
franchisor.
The total investment necessary for a newly constructed
70-room GuestHouse Extended Stay Hotel is $3,765,500 to $7,369,000, excluding the cost of
purchasing or leasing land or any real estate taxes. This estimate
includes $21,000 that must be paid to the franchisor.
About Cobblestone Inn and Suites
Cobblestone Inn and Suites are unique properties that offer superb curb appeal which gives our arriving guests a wonderful sense of arrival. These properties feature state of the art technology that allows for exceptional operation and marketing functionality. All guest rooms are enhanced with telecommunications and advanced business-oriented amenities such as high speed wireless internet access in all of the guest rooms and public spaces. Since our guest mix includes equal parts of leisure guests and business travelers, Cobblestone Inn and Suites helps our properties stay balanced seven days a week.
Cobblestone is filling the lodging needs of many smaller communities by introducing our upper mid-scale all new build brands. This cohesive approach of community and entrepreneurship provides the catalyst for success for all shareholders. Cobblestone Inn and Suites' is "Paving the Future of Hotel Ownership"
The total investment necessary to begin operation of a Cobblestone Inn and Suites franchised business is between $3,492,499 and $8,738,497 for a newly constructed hotel. This includes between $52,999
and $77,997 that must be paid to the franchisor or its affiliate(s).
The
total investment necessary to begin operation of a Cobblestone Inn and Suites franchised business is between $64,799 and $1,658,797 for the conversion of an existing hotel. This includes between $52,999 and
$77,997 that must be paid to the franchisor or its affiliate(s).