SpringHill Suites vs Element Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
SpringHill Suites Franchise
Element Hotels Franchise
Investment $9,403,000 - $26,051,800$10,972,610 - $30,445,500
Franchise Fee $60,000 - $100,000$60,000
Royalty Fee -5.5%
Advertising Fee --
Year Founded 19981997
Year Franchised 19982017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
SpringHill Suites Franchise
Element Hotels Franchise
Experience --

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

Training & Support
 
SpringHill Suites Franchise
Element Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
SpringHill Suites Franchise
Element Hotels Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About SpringHill Suites

Moderately priced, all-suite lodging brand Guest suites that are up to 25% larger than standard hotel rooms Features include: - Complimentary continental breakfast - Self-serve business center - Indoor pool - Whirlpool/spa (most locations) - High-speed internet access - Exercise room.

The total investment necessary to begin operation of a newly-constructed prototypical SpringHill Suites by Marriott hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $9,403,000 to $20,678,400 for an 80 to 110-suite SpringHill Suites by Marriott hotel and from $13,266,100 to $26,051,800 for a 120 to 150-suite SpringHill Suites by Marriott hotel. This includes approximately $150,300 to $207,100 that must be paid to the franchisor or an affiliate.

About Element Hotels

"Element

Inspired by Westin, Element® is transforming the extended stay segment with bright, modern design, eco-conscious practices and an innovative guest experience that resonates with today’s traveler. From spacious guest rooms featuring fully equipped kitchens to spa-inspired bathrooms, guests have space to live their lives.
Element is a smarter, better place to stay.