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Updated Recentlyvoco hotels vs HomeTowne Studios Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of voco hotels vs HomeTowne Studios including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $15,963,880 - $46,738,600 | $345,500 - $1,238,500 |
| Franchise Fee | $75,000 | $30,000 |
| Royalty Fee | 0 | 3% |
| Advertising Fee | 0 | - |
| Year Founded | 2020 | 2017 |
| Year Franchised | 2020 | 2017 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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 | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | No |
Company Overviews
About voco hotels
!["voco]("https://fddexchange.com/wp-content/uploads/2020/06/voco.jpg")
Drawing on their years of experience in delivering True Hospitality, voco Hotels, gives people a different choice.
The voco™ brand offers owners the ability to drive higher returns by delivering a distinctive, compelling, experiential consumer proposition and leveraging IHG's powerful resources.
voco is leading a trend towards conversions, which we’re seeing across
the full breadth of our portfolio and accounted for a quarter of IHG’s
signings overall in the first half of 2020
About HomeTowne Studios
![""]("https://fddexchange.com/wp-content/uploads/2021/01/HomeTowne-Studios-by-Red-Roof.jpg")
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.