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Updated RecentlySignature Inn vs Element Hotels Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Signature Inn vs Element Hotels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $3,216,500 - $6,275,000 | $10,972,610 - $30,445,500 |
| Franchise Fee | $7,500 | $60,000 |
| Royalty Fee | - | 5.5% |
| Advertising Fee | - | - |
| Year Founded | 1986 | 1997 |
| Year Franchised | 1986 | 2017 |
| 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 | Yes | 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 Element Hotels
!["Element]("https://fddexchange.com/wp-content/uploads/2020/02/Element-Hotels-1.jpg")
Inspired by Westin, Element® is transforming the extended stay segment
with bright, modern design, eco-conscious practices and an innovative
guest experience that resonates with today’s traveler. From spacious
guest rooms featuring fully equipped kitchens to spa-inspired bathrooms,
guests have space to live their lives.
Element is a smarter, better place to stay.