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Updated RecentlyHomeTowne Studios vs MHO Hotel Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HomeTowne Studios vs MHO Hotel including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $345,500 - $1,238,500 | $59,400 - $1,238,000 |
| Franchise Fee | $30,000 | N/A |
| Royalty Fee | 3% | - |
| Advertising Fee | - | - |
| Year Founded | 2017 | 2020 |
| Year Franchised | 2017 | 2020 |
| 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 | No | - |
Company Overviews
About HomeTowne Studios
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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 MHO Hotel
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Trust MHO
Hotels for brands and services that stand above others and resonate
positively in consumers’ minds. Led by a team of experienced hotel
owners and property developers who understand the hospitality business
and have deep and wide connections within the industry to benefit their
partners, clients and franchisees, MHO Hotels provides an excellent
array of services to hotel owners. Independent-minded hotel owners who
want to run their properties their way as well as developers who need a
plan for excellence in the hospitality industry can rely on MHO Hotels.
Today, this
rapidly growing and evolving company is changing the face of the
hotel/motel landscape with properties that bear the MHO Hotels, MHO
Suites, MHO Inn & Suites and MHO Inn names. Property owners that
want to maintain their distinctive identities can also benefit from
being part of the Powered by MHO Hotels family without giving up a
thing.
If it’s
time to increase occupancy and revenue as well as your average daily
rate, it’s time to move forward with MHO Hotels. Partnering with our
team is an excellent decision that will serve your interests well as you
navigate the uncertain and ever-evolving world of hospitality.