Courtyard By Marriott vs Cobblestone Inn and Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Courtyard By Marriott vs Cobblestone Inn and Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$11,131,210 - $28,763,410 | $64,799 - $8,738,497 |
Franchise Fee |
$50,000 - $90,000 | $35,000 |
Royalty Fee |
- | $3/room/day |
Advertising Fee |
- | .25/room/day |
Year Founded |
- | 2008 |
Year Franchised |
- | 2012 |
Term Of Agreement |
- | 20 years |
Term Of Agreement |
- | 20 years |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | *5 days at Headquarters
*14 days at the Hotel location
*up to 14 days at each new Hotel location |
Support |
- | - |
Marketing |
- | - |
Operations |
- | 90% are owner/Operators.
10% are investors
Approx. 7 Full Time employees are necessary for each Hotel |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
- | - |
International Expansion |
- | Yes |
Company Overviews
About Courtyard By Marriott
Moderately priced lodging brand "Designed by business travelers for business travelers."This lodging brand has recently increased its number of downtown locations, often through conversions of historical buildings *Features include:
- 80 to 150 guest rooms
- High-speed Internet access
- Restaurant, lounge
- Meeting space
- Central courtyard
- Exercise room
- Swimming pool
- 24-hour access to food
The total investment necessary to begin operation of a newly-constructed
prototypical Courtyard by Marriott hotel, excluding the cost of real
estate and related costs (building permit, tap, and impact fees), ranges
from $11,131,210 to $23,540,410 for an 80 to 110-room Courtyard by
Marriott hotel to $14,956,610 to $28,763,410 for a 120 to 150-room
Courtyard by Marriott hotel. This includes approximately $179,300 to
$229,300 that must be paid to the franchisor or an affiliate.
About Cobblestone Inn and Suites
Cobblestone Inn and Suites are unique properties that offer superb curb appeal which gives our arriving guests a wonderful sense of arrival. These properties feature state of the art technology that allows for exceptional operation and marketing functionality. All guest rooms are enhanced with telecommunications and advanced business-oriented amenities such as high speed wireless internet access in all of the guest rooms and public spaces. Since our guest mix includes equal parts of leisure guests and business travelers, Cobblestone Inn and Suites helps our properties stay balanced seven days a week.
Cobblestone is filling the lodging needs of many smaller communities by introducing our upper mid-scale all new build brands. This cohesive approach of community and entrepreneurship provides the catalyst for success for all shareholders. Cobblestone Inn and Suites' is "Paving the Future of Hotel Ownership"
The total investment necessary to begin operation of a Cobblestone Inn and Suites franchised business is between $3,492,499 and $8,738,497 for a newly constructed hotel. This includes between $52,999
and $77,997 that must be paid to the franchisor or its affiliate(s).
The
total investment necessary to begin operation of a Cobblestone Inn and Suites franchised business is between $64,799 and $1,658,797 for the conversion of an existing hotel. This includes between $52,999 and
$77,997 that must be paid to the franchisor or its affiliate(s).