TownePlace Suites vs NYLO Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
TownePlace Suites Franchise
NYLO Hotels Franchise
Investment $9,180,100 - $25,635,600$10,880,000 - $14,800,000
Franchise Fee $50,000 - $100,000$60,000 - $69,600
Royalty Fee -5%
Advertising Fee -3.5%
Year Founded 1997-
Year Franchised 1997-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
TownePlace Suites Franchise
NYLO Hotels Franchise
Experience --

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

Training & Support
 
TownePlace Suites Franchise
NYLO Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
TownePlace Suites Franchise
NYLO Hotels 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 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.