Residence Inn vs Tempo by Hilton Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Residence Inn vs Tempo by Hilton including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Residence Inn Franchise
Tempo by Hilton Franchise
Investment N/A$16,056,445 - $76,966,375
Franchise Fee N/A$75,000
Royalty Fee --
Advertising Fee --
Year Founded -2007
Year Franchised -2020
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Residence Inn Franchise
Tempo by Hilton Franchise
Experience --

Financing Options
 
Residence Inn Franchise
Tempo by Hilton Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Residence Inn Franchise
Tempo by Hilton Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Residence Inn Franchise
Tempo by Hilton Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Residence Inn

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

About Tempo by Hilton

"Tempo
Hilton expects the first Tempo property to open in 2021 and is looking to target mainly urban and surban (areas just outside a major city that still offer a range of urban amenities) markets.Hilton has long championed the efficiencies of multi-brand properties, and Tempo by Hilton will pursue those opportunities when they are a good fit for a particular destination. Currently, there’s neither a set cost per key nor a minimum/maximum on room counts. The numbers will be market dependent, although the company anticipates 150 keys on average and is positioning Tempo to compete at roughly a 15 percent higher average daily rate than a Hilton Garden Inn in the same market.