Sleep Inn vs HomeTowne Studios Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Sleep Inn vs HomeTowne Studios including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Sleep Inn Franchise
HomeTowne Studios Franchise
Investment N/A$345,500 - $1,238,500
Franchise Fee $40,000$30,000
Royalty Fee 4.65%3%
Advertising Fee 3.85%-
Year Founded -2017
Year Franchised -2017
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
Sleep Inn Franchise
HomeTowne Studios Franchise
Experience --

Financing Options
 
Sleep Inn Franchise
HomeTowne Studios Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Sleep Inn Franchise
HomeTowne Studios Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Sleep Inn Franchise
HomeTowne Studios Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -No

Company Overviews

About Sleep Inn

Choice's expanding midscale limited-service brand.

About HomeTowne Studios

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HomeTowne Studios by Red Roof is an extended stay hotel with flexible daily, weekly, and monthly rate options.
• Fully Furnished Rooms
• Kitchen
• Full Sized Refrigerator
• Microwave
• 2-Burner Stove Top
• Kitchen Table with Chairs
• Weekly House Keeping
• On-site Laundry
• Free High-Speed WiFi
• HD Flat Screen TV
• Extended Cable Package
• Free Domestic Phone Service
• All Inclusive Pricing - No Utility Bills!
• Rate Options: Daily, Weekly, Monthly

The total investment necessary to begin operation of a HomeTowne Studios by Red Roof or a Home Town Inn lodging franchise for a 65-room conversion hotel ranges from $345,500 to $1,238,500. These amounts do not include the costs of land, original construction or acquisition, or ground or building lease rent for the hotel location but do include the approximately $56,500 to $62,000 that must be paid to the franchisor or an affiliate.