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Updated Recentlyvoco hotels vs Hotel RL Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of voco hotels vs Hotel RL 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 | $1,335,000 - $36,191,500 |
| Franchise Fee | $75,000 | $40,000 - $75,000 |
| Royalty Fee | 0 | 5% |
| Advertising Fee | 0 | 3.5% |
| Year Founded | 2020 | 2005 |
| Year Franchised | 2020 | 2005 |
| 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 | - |
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 Hotel RL
!["Hotel]("https://fddexchange.com/wp-content/uploads/2019/01/Hotel-RL.png")
Hotel RL is an experience of all things authentic, creative and curious.
Offering a taste of the local scene in a laid-back environment, we
invite open-minded travelers to work, play and pursue their passions
freely. Made for explorers and curious minds, Hotel RL captures the spirit of
adventure and creativity within comfortable and modern conveniences
designed for a new generation of traveler, complete with exciting
lobbies, free Wi-Fi, trained Victrola Coffee baristas, performance
spaces, and more surprises along the way. Stay Curious.
The total investment necessary to begin operation of a 150-room Hotel RL Hotel with a minimal food and beverage offering is estimated to range
between $27,849,250 to $36,191,500 for new development and $1,335,000 to
$4,001,500 for conversion hotels. These amounts include $90,500 to
$111,000 that must be paid to the franchisor. These amounts do not
include the cost of purchasing or leasing land or any real estate taxes.