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Below is an in-depth analysis and side-by-side comparison of AmericInn vs NYLO Hotels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $221,286 - $7,605,378 | $10,880,000 - $14,800,000 |
Franchise Fee | $39,500 | $60,000 - $69,600 |
Royalty Fee | 5% | 5% |
Advertising Fee | 3.25% | 3.5% |
Year Founded | 1980 | - |
Year Franchised | 1984 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal 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 | � Ongoing individual management training | - |
Support | � State of the art Electronic Reservation System and Internet bookings � Toll-free 1-800 reservation line � Operations consulting � Capital improvement reviews � Training guides � System-wide newsletters � Annual workshops | - |
Marketing | AmericInn's marketing programs promote brand awareness and maximize revenue through national brand advertising, Website and Internet advertising, a frequent guest rewards program, media relations services and news releases, and sales assistance programs. Marketing Support � Support in finding and choosing your hotel location � Hotel design and construction support � On-site opening assistance � Integrated local, regional, and national marketing services � Guest relations assistance � National brand advertising (billboards, print, trade shows) � Website and internet advertising � Travel agent and GDS reservations � Frequent guest program � Chainwide directory � Media relations service � Graphic design service | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
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.