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Updated RecentlyKnights Inn vs Le Meridien Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Knights Inn vs Le Meridien including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $93,000 - $6,277,500 | $61,886,490 - $96,761,490 |
| Franchise Fee | $7,000 | N/A |
| Royalty Fee | $21/rm./mo. | - |
| Advertising Fee | - | - |
| Year Founded | 1972 | 1997 |
| Year Franchised | 1991 | 2005 |
| 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 | Yes | - |
| International Expansion | - | Yes |
Company Overviews
About Knights Inn
!["KNIGHTS]("https://fddexchange.com/wp-content/uploads/2020/11/KNIGHTS-INN.png")
Knight's Inns, an illustrious place to remain. An illustrious place to claim.
With about 200 properties - most ideal off major U.S. what's more, Canadian interstates - Knights Inn is an inn network on a mission: to be the favored economy/spending brand for voyagers searching for clean rooms, well disposed administration, and incredible esteem.
As a Knights Inn franchisee, you'll appreciate two upper hands: a very perceived roadside name and steadfast clients. The economy/spending fragment is an extending market, especially on the recreation side, making Knights Inn lodgings consummately situated to serve esteem cognizant clients: families, seniors and mid-level business voyagers.
This inn network has been around quite a while and individuals know the name by heart. Strong organization.
About Le Meridien
!["Le]("https://fddexchange.com/wp-content/uploads/2020/04/Le-Meridien-300x43.png")
Le Méridien, the Paris-born hotel brand currently represented by nearly
100 properties in more than 40 countries, was acquired by Starwood
Hotels & Resorts Worldwide, Inc. (NYSE: HOT) in November 2005. With
more than 80 of its properties located in Europe, Africa, the Middle
East, and Asia-Pacific, Le Méridien provided a strong international
complement to Starwood’s then primarily North American holdings at the
time of purchase. Since then, Le Méridien has gone through a brand
re-launch, which included a large scale hotels product consolidation as
well as redefining its brand strategy. Through creation of the LM100
artist community, Le Méridien has transformed numerous guest touch
points, thus bringing unique, interactive and curated experiences to its
guests. Plans call for dynamic expansion of Le Méridien Hotels and
Resorts , concentrating on markets in
Asia-Pacific and the Americas.
The total investment necessary to begin operation of a newly-constructed
Le Méridien hotel, excluding the cost of real estate and related costs
(building permit, tap, and impact fees), ranges from $61,886,490 to
$96,761,490 for a 250-guestroom hotel. This includes approximately
$317,000 to
$399,000 that must be paid to the franchisor or an affiliate.
$399,000 that must be paid to the franchisor or an affiliate.