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Updated RecentlyTownePlace Suites vs Everhome Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of TownePlace Suites vs Everhome 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 | $9,180,100 - $25,635,600 | $10,108,350 - $12,101,869 |
| Franchise Fee | $50,000 - $100,000 | N/A |
| Royalty Fee | - | - |
| Advertising Fee | - | - |
| Year Founded | 1997 | - |
| Year Franchised | 1997 | - |
| 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| 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 Everhome Suites
!["Everhome]("https://fddexchange.com/wp-content/uploads/2020/03/Everhome-Suites.jpg")
Choice Hotels will offer the following to help hotel developers build a strong and successful portfolio with Everhome Suites:
- A successful area development model, which gives developers the freedom to grow in their desired market.
- Proprietary site-modeling tool to help developers select the right location for their hotel.
- Turnkey development support and flexible prototypes to bring projects to market quickly.
- An extremely competitive cost per key.
- Proven operating model that helps keep hotels easy and affordable to run.
- A brand that accommodates market needs.
The total investment necessary to begin operation of a 113-room newly
constructed Everhome Suites hotel franchise is between $10,108,350 and
$12,101,869. This includes an affiliation fee of $50,000 for properties
with 113 rooms or less, $300/per room for each additional room and $550
per room for transfers and renewals ($50,000 minimum); a property
management system software license and systems training fee of between
$10,750 and $14,750; and orientation and hospitality training fees of
$0 - $3,145 per person, all of which must be paid to the Franchisor or its
affiliates. These sums do not include the cost of purchasing or leasing
land or any real estate taxes.