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Below is an in-depth analysis and side-by-side comparison of Residence Inn vs Cobblestone Inn and 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 | N/A | $64,799 - $8,738,497 |
Franchise Fee | N/A | $35,000 |
Royalty Fee | - | $3/room/day |
Advertising Fee | - | .25/room/day |
Year Founded | - | 2008 |
Year Franchised | - | 2012 |
Term Of Agreement | - | 20 years |
Term Of Agreement | - | 20 years |
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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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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 |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
Designed as "home away from home" for travelers staying 5 or more nights - Residential atmosphere with spacious accommodations Features include: - Complimentary hot breakfast - Evening hospitality hour - Swimming pool - Sport Court - Personalized grocery shopping - Daily housekeeping - Guest suites with separate living and sleeping areas - Fully equipped kitchen - Work space with data ports and voicemail