TownePlace Suites vs Starwood Hotels & Resorts Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of TownePlace Suites vs Starwood Hotels & Resorts including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
TownePlace Suites Franchise
Starwood Hotels & Resorts Franchise
Investment $9,180,100 - $25,635,600$5,000,000
Franchise Fee $50,000 - $100,000N/A
Royalty Fee --
Advertising Fee --
Year Founded 19971998
Year Franchised 19971998
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
TownePlace Suites Franchise
Starwood Hotels & Resorts Franchise
Experience --

Financing Options
 
TownePlace Suites Franchise
Starwood Hotels & Resorts Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
TownePlace Suites Franchise
Starwood Hotels & Resorts Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
TownePlace Suites Franchise
Starwood Hotels & Resorts Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About TownePlace Suites

TownePlace Suites: The Special Features of Our Extended Stay Hotels For your comfort Our extended stay hotel offers suites that are 25% larger than typical hotel rooms Luxury bedding - crisp linens, fluffier pillows, thicker mattresses Separate living and sleeping areas Three spacious floor plans: studio, 1- and 2-bedroom suites Electronic card-key locks Smoke detectors and sprinklers For your convenience Fully equipped kitchen including conventional full-size refrigerator/freezer, stovetop, oven, coffee maker, microwave, eating utensils, and dishwasher Adjoining studio suites available Suites designed for persons with disabilities available Sofa bed in some suites Separate telephone and data lines Iron and ironing board For your routines & relaxation Free high-speed Internet (in many hotels) Remote-controlled TV with premium channels, including HBO Exercise room & outdoor swimming pool

The total investment necessary to begin operation of a newly-constructed prototypical TownePlace Suites by Marriott hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $9,180,100 to $19,898,300 for an 80 to 110-suite TownePlace Suites by Marriott hotel and from $13,127,900 to $25,635,600 for a 120 to 150-suite TownePlace Suites by Marriott hotel. This includes approximately $150,300 to $217,100 that must be paid to the franchisor or an affiliate.

About Starwood Hotels & Resorts

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 1,270 properties in some 100 countries and over 180,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Tribute Portfolio™, Four Points® by Sheraton, Aloft®, Element®, along with an expanded partnership with Design Hotels™. The Company also boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG®).