Marriott Hotels & Resorts vs NYLO Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
Marriott Hotels & Resorts Franchise
NYLO Hotels Franchise
Investment $74,082,490 - $176,017,490$10,880,000 - $14,800,000
Franchise Fee $50,000$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
 
Marriott Hotels & Resorts Franchise
NYLO Hotels Franchise
Experience --

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

Training & Support
 
Marriott Hotels & Resorts Franchise
NYLO Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Marriott Hotels & Resorts Franchise
NYLO Hotels Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About Marriott Hotels & Resorts

Flagship brand of quality-tier, full-service hotels & resorts Provides consistent, dependable, and genuinely caring experiences to guests on their terms Features include: - Fully equipped fitness centers - Gift shops - Swimming pools - Concierge levels - Business centers - Meeting facilities - High-speed Internet access is available at many hotels

The total investment necessary to begin operation of a newly-constructed 300-guestroom Marriott Hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $74,082,490 to $117,152,490 and from $112,487,490 to $176,017,490 for a newly-constructed 300 guestroom JW Marriott Hotel. This includes approximately $419,000 to $491,000 for a 300 guestroom Marriott Hotel and $454,000 to $526,000 for a 300-guestroom JW Marriott Hotel that must be paid to the franchisor or an affiliate.

About NYLO Hotels

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.