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Updated RecentlyHome2 Suites vs Hotel RL Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Home2 Suites 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 | $9,102,300 - $17,456,500 | $1,335,000 - $36,191,500 |
| Franchise Fee | $75,000 | $40,000 - $75,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3.5% | 3.5% |
| Year Founded | 2008 | 2005 |
| Year Franchised | 2009 | 2005 |
| Term Of Agreement | 22 years | - |
| Term Of Agreement | 22 years | - |
| Renewal Fee | Same as initial 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 | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 1 hour Classroom Training: Varies | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Number of Employees Required to Run: 30 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | No | - |
Company Overviews
About Home2 Suites
Home2 Suites by Hilton,
one of the fastest-growing brands in the history of Hilton, is a
mid-tier, all-suite, award-winning extended-stay hotel concept designed
to offer stylish accommodations with flexible guest room configurations
and inspired amenities for the cost-conscious guest. With a commitment
to environmentally friendly products and hotel operations, Home2 Suites
offers complimentary breakfast selections with hundreds of combinations;
innovative and customizable guest room designs; laundry and fitness
areas; complimentary WiFi; multiple outdoor spaces; 24-hour business
centers; expansive community spaces; and pet-friendly environments.
The total investment necessary to begin operation of a newly
constructed 107 suite Home2 Suites by Hilton hotel, excluding real
property, is $9,111,295 to $17,474,775, including up to $236,995 that
must be paid to the franchisor or their affiliates.
Veteran Incentives Varies
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#113 in Franchise 500 for 2020.
#43 in Franchise 500 for 2021.
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.