Key West Inns vs NYLO Hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Key West Inns vs NYLO Hotels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Key West Inns Franchise
NYLO Hotels Franchise
Investment $32,149 - $8,713,147$10,880,000 - $14,800,000
Franchise Fee $14,000$60,000 - $69,600
Royalty Fee 2%5%
Advertising Fee 2%3.5%
Year Founded 1989-
Year Franchised 1989-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Key West Inns Franchise
NYLO Hotels Franchise
Experience --

Financing Options
 
Key West Inns Franchise
NYLO Hotels Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Key West Inns Franchise
NYLO Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Key West Inns Franchise
NYLO Hotels Franchise
US Expansion --
Canada Expansion No-
International Expansion No-

Company Overviews

About Key West Inns

Key West Inns, Inc. is a hotel franchising company that borrows the looks and feel of South Florida in architectural style and appearance. All hotels feature the amenities that corporate travelers need while offering a relaxing atmosphere that will please families and senior travelers.

The total investment necessary to begin operation of a Key West Lodging Facility franchised business is between $3,4667,149 and $8,713,147 for a newly constructed hotel. This includes between $27,999 and $52,497 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of a Key West Lodging Facility franchised business is between $32,149 and $1,633,147 for the conversion of an existing hotel. This includes between $20,999 and $52,497 that must be paid to the franchisor or its affiliate(s).

About NYLO Hotels

NYLO has set the goal of having 50 hotels open or under construction by end of 2012. This includes both NYLO and XP by NYLO hotels. NYLO's growth plan will be accomplished by pursuing two avenues simultaneously: 1. Corporate owned, developed and operated hotels, and 2. Franchise agreements with third party owners, developers and operators. As a core part of its business plan, NYLO made the strategic decision not to launch the franchising until it had developed, constructed and operated at least a few corporately owned hotels in order to fully understand the product from a developer's perspective. NYLO will continue to corporately develop, own and operated additional hotels going forward; however, franchising will play an increasingly significant role in the brand's growth. NYLO first made the brands available for franchising in February 2008 and has filed a franchise disclosure document (FDD) in 47 states and is therefore licensed to sell franchises in 47 states. NYLO offers developers and franchisees an innovative concept that is efficient to construct and the personal support of its experienced senior management team.