Starwood Hotels & Resorts vs Econo Lodge Franchise Comparison

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

Start-Up Costs and Fees
 
Starwood Hotels & Resorts Franchise
Econo Lodge Franchise
Investment $5,000,000$208,275 - $938,645
Franchise Fee N/A$25,000
Royalty Fee -4.5%
Advertising Fee -3.5%
Year Founded 1998-
Year Franchised 1998-
Term Of Agreement -20 years
Term Of Agreement -20 years
Renewal Fee --


Business Experience Requirements
 
Starwood Hotels & Resorts Franchise
Econo Lodge Franchise
Experience --

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

Training & Support
 
Starwood Hotels & Resorts Franchise
Econo Lodge Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Starwood Hotels & Resorts Franchise
Econo Lodge Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

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®).

About Econo Lodge

Econo Lodge hotels provide a great stay and a great value for business and leisure travelers. Free wireless hotspots Complimentary Breakfast by Econo Lodge Free USA Today weekdays.

The total investment necessary to convert an existing hotel and begin operation of a 63-room ECONO LODGE hotel franchise is between $208,275 and $938,645. This includes an affiliation fee of $250 per room for new franchises, $500 per room for transfers and renewals ($25,000 minimum for new franchises, $30,000 for transfers and renewals); a brand activation fee of approximately $8,000 to $17,000; and orientation and hospitality training fees of between $0 and $3,145 per person, all of which are paid to the Franchisor or its affiliates. These sums do not include the cost of any real estate taxes.