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Below is an in-depth analysis and side-by-side comparison of Budgetel Inns vs NYLO Hotels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $1,000,000 | $10,880,000 - $14,800,000 |
Franchise Fee | N/A | $60,000 - $69,600 |
Royalty Fee | - | 5% |
Advertising Fee | - | 3.5% |
Year Founded | - | - |
Year Franchised | - | - |
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 | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
Welcome to a hotel franchise opportunity that stands alone In today's complex world of mid-priced, limited-service hotel franchise opportunities, it can be hard to differentiate one from another. However, just because you're looking at the limited-service hotel franchise segment, it doesn't mean there should be limits on the service you receive. At America's Best Franchising, we offer a hotel franchise difference that makes all the difference. From the moment you become an ABF franchise owner, and throughout your entire relationship with us, we work with you to ensure success. We do so by offering an exceptionally high level of service and support that is unique in the industry - often at up to half the price of other brands. As you take a closer look at our highly-proven and well-established Country Hearth Inns & Suites, America's Best Inns & Suites, Budgetel Inns & Suites, and 3 Palms Hotels & Resorts hotel franchise brands, it's easy to see why we continue to experience such impressive growth. As a hotel franchisee and business partner, you don't just become part of a corporate structure; you become part of a family. It's a decision you can be 100% confident in, because we are behind you all the way.
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.