Mainstay Suites vs NYLO Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
Mainstay Suites Franchise
NYLO Hotels Franchise
Investment $290,825 - $13,479,816$10,880,000 - $14,800,000
Franchise Fee $30,000$60,000 - $69,600
Royalty Fee 5%5%
Advertising Fee 2.5%3.5%
Year Founded --
Year Franchised --
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
Mainstay Suites Franchise
NYLO Hotels Franchise
Experience --

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

Training & Support
 
Mainstay Suites Franchise
NYLO Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Mainstay Suites Franchise
NYLO Hotels Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About Mainstay Suites

Strong brand for the strong midscale, extended-stay market.
MainStay Suites® is an all suites extended stay brand that helps guests maintain their lifestyle during time away from home. Designed with welcoming, residential style architecture, MainStay Suites hotels feature multiple suite types, regional exterior options and the amenities to help guests live like home.

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.