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Updated RecentlyEverhome Suites vs Hotel RL Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Everhome Suites vs Hotel RL including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $10,108,350 - $12,101,869 | $1,335,000 - $36,191,500 |
| Franchise Fee | N/A | $40,000 - $75,000 |
| Royalty Fee | - | 5% |
| Advertising Fee | - | 3.5% |
| Year Founded | - | 2005 |
| Year Franchised | - | 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 | - | - |
| International Expansion | - | - |
Company Overviews
About Everhome Suites
!["Everhome]("https://fddexchange.com/wp-content/uploads/2020/03/Everhome-Suites.jpg")
Choice Hotels will offer the following to help hotel developers build a strong and successful portfolio with Everhome Suites:
- A successful area development model, which gives developers the freedom to grow in their desired market.
- Proprietary site-modeling tool to help developers select the right location for their hotel.
- Turnkey development support and flexible prototypes to bring projects to market quickly.
- An extremely competitive cost per key.
- Proven operating model that helps keep hotels easy and affordable to run.
- A brand that accommodates market needs.
The total investment necessary to begin operation of a 113-room newly
constructed Everhome Suites hotel franchise is between $10,108,350 and
$12,101,869. This includes an affiliation fee of $50,000 for properties
with 113 rooms or less, $300/per room for each additional room and $550
per room for transfers and renewals ($50,000 minimum); a property
management system software license and systems training fee of between
$10,750 and $14,750; and orientation and hospitality training fees of
$0 - $3,145 per person, all of which must be paid to the Franchisor or its
affiliates. These sums do not include the cost of purchasing or leasing
land or any real estate taxes.
About Hotel RL
!["Hotel]("https://fddexchange.com/wp-content/uploads/2019/01/Hotel-RL.png")
Hotel RL is an experience of all things authentic, creative and curious.
Offering a taste of the local scene in a laid-back environment, we
invite open-minded travelers to work, play and pursue their passions
freely. Made for explorers and curious minds, Hotel RL captures the spirit of
adventure and creativity within comfortable and modern conveniences
designed for a new generation of traveler, complete with exciting
lobbies, free Wi-Fi, trained Victrola Coffee baristas, performance
spaces, and more surprises along the way. Stay Curious.
The total investment necessary to begin operation of a 150-room Hotel RL Hotel with a minimal food and beverage offering is estimated to range
between $27,849,250 to $36,191,500 for new development and $1,335,000 to
$4,001,500 for conversion hotels. These amounts include $90,500 to
$111,000 that must be paid to the franchisor. These amounts do not
include the cost of purchasing or leasing land or any real estate taxes.