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Updated RecentlyNovotel Franchise
Full-service hotels
Establishing franchised and corporate full-service hotels in all major cities across the country serving the top end of the mid-scale segment of the market. Providing franchisees with extensive and dedicated franchise services, national sales & marketing, training and purchasing power.
It's time to give yourself permission to build your days around what's important to you! You're in Control!
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How much does it cost to open a Novotel Franchise?
The investment required to open a Novotel Franchise is $1,000,000. There is an initial franchise fee of $50,000 which grants you the license to run a business under the Novotel name.
Individual Unit Costs
- Initial Investment:
$1,000,000 - Initial Franchise Fee:
$50,000 - Royalty Fee:
N/A - Advertising Fee:
N/A
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Novotel News & Press Releases
When did Novotel start Franchising? N/A
Your income potential as a Novotel Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
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Legal Disclaimer: This information is not a franchise offering for Novotel and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Novotel franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Novotel
2000 - 77 Bloor Street West
Toronto,
Ontario
M5S 1M2