| ||||
Updated RecentlySignature Inn vs stayAPT Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Signature Inn vs stayAPT Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $3,216,500 - $6,275,000 | $4,148,500 - $7,616,000 |
| Franchise Fee | $7,500 | N/A |
| Royalty Fee | - | - |
| Advertising Fee | - | - |
| Year Founded | 1986 | 2018 |
| Year Franchised | 1986 | 2018 |
| 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 | Yes | - |
Company Overviews
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.
About stayAPT Suites
!["stayAPT]("https://fddexchange.com/wp-content/uploads/2020/03/stayAPT-Suites.png")
A stayAPT Suites™ hotel is an extended- stay hotel offering temporary
housing on a weekly or monthly rental basis. stayAPT offers franchisees
both the right to develop multiple Hotels under an Area Development
Agreement (each Hotel requiring a separate Franchise Agreement) and
individual Hotels under a Franchise Agreement.
The total investment necessary to begin operation of a stayAPT Suites™
Hotel with 59 units is from $4,148,500 to $5,378,500 and for 87 units is
$6,052,500 to $7,616,000, excluding real estate costs. This includes
$51,000 that must be paid to the franchisor or an affiliate. If you sign
an Area Development Agreement, you must pay $30,000 for each Hotel you
plan to develop, all of which is due at signing. The initial fee paid
under the Area Development Agreement is in lieu of the initial franchise
fee normally due for a Hotel when the Franchise Agreement for that
Hotel is executed.