HomeTowne Studios vs Canopy Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of HomeTowne Studios vs Canopy including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
HomeTowne Studios Franchise
Canopy Franchise
Investment $345,500 - $1,238,500$44,872,050 - $114,186,475
Franchise Fee $30,000$75,000
Royalty Fee 3%5%
Advertising Fee -4%
Year Founded 20172007
Year Franchised 20172007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
HomeTowne Studios Franchise
Canopy Franchise
Experience --

Financing Options

 
HomeTowne Studios Franchise
Canopy Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
HomeTowne Studios Franchise
Canopy Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
HomeTowne Studios Franchise
Canopy Franchise
US Expansion YesYes
Canada Expansion --
International Expansion NoYes

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 Canopy

"Canopy
The Hilton Performance Advantage is an integrated system of innovative solutions and advanced technologies that work together to drive increased business and keep costs down, without compromising quality. Together, these seven services provide access to the latest tools, technologies, forward-thinking strategies, and the most influential people in the industry to create an unrivaled competitive advantage.

#210 in Franchise 500 for 2021   Not in Franchise 500 for 2020