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Updated RecentlyCobblestone Inn and Suites vs The Red Collection Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cobblestone Inn and Suites vs The Red Collection including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $64,799 - $8,738,497 | $787,000 - $1,745,500 |
| Franchise Fee | $35,000 | $30,000 |
| Royalty Fee | $3/room/day | - |
| Advertising Fee | .25/room/day | - |
| Year Founded | 2008 | 2017 |
| Year Franchised | 2012 | 2017 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| 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 | *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 |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
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).
About The Red Collection
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Red Roof® properties, including The Red Collection, consistently outperform in the economy market and have some of the lowest fees in the industry.
Red Roof is expanding internationally to Brazil, Canada, Thailand, and Japan as well as across the U.S.A.
The total investment necessary to begin operation of a hotel participating in The Red Collection franchise for a 65-room conversion hotel ranges from $787,000 to $1,745,500. These amounts do not include the cost of land or rent for the hotel location but do include the approximately $57,500 to $62,000 that must be paid to the franchisor or affiliate.