| ||||
Updated RecentlyHomeTowne Studios vs Signature Inn Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HomeTowne Studios vs Signature Inn including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $345,500 - $1,238,500 | $3,216,500 - $6,275,000 |
| Franchise Fee | $30,000 | $7,500 |
| Royalty Fee | 3% | - |
| Advertising Fee | - | - |
| Year Founded | 2017 | 1986 |
| Year Franchised | 2017 | 1986 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | No | Yes |
Company Overviews
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.
About Signature Inn
!["Signature]("https://fddexchange.com/wp-content/uploads/2019/02/Signature.png")
Signature Inn invites guests to stay Outside Ordinary. With a cheap-chic design
and eye-catching branding, Signature Inn brings to life the golden age
of travel and gives it a retro-modern twist for an experience that is
just as unique as it is comfortable.Join
the Red Lion Hotel Corporation family and enjoy incredible benefits, including
affordable flat fees, reasonable agreements, flexible services and
amenities and strong revenue contribution.
The total investment necessary to convert an existing hotel into a 40-room Signature Inn Hotel is $153,000 to $932,500. This estimate includes $21,000 to $22,000 that must be paid to the franchisor.
The
total investment necessary for a newly-constructed 40-room Signature Inn
Hotel is $3,216,500 to $6,275,000, excluding the cost of purchasing or leasing
land or any real estate taxes. This estimate includes $21,000 that must
be paid to the franchisor.