| ||||
Updated RecentlyNYLO Hotels Franchise
Hotels
NYLO has set the goal of having 50 hotels open or under construction by end of 2012. This includes both
NYLO and XP by NYLO hotels. NYLO's growth plan will be accomplished by pursuing two avenues simultaneously:
1. Corporate owned, developed and operated hotels, and
2. Franchise agreements with third party owners, developers and operators.
As a core part of its business plan, NYLO made the strategic decision not to launch the franchising until it had developed, constructed and operated at least a few corporately owned hotels in order to fully understand the product from a developer's perspective.
NYLO will continue to corporately develop, own and operated additional hotels going forward; however,
franchising will play an increasingly significant role in the brand's growth. NYLO first made the brands available for franchising in February 2008 and has filed a franchise disclosure document (FDD) in 47 states and is therefore licensed to sell franchises in 47 states.
NYLO offers developers and franchisees an innovative concept that is efficient to construct and the personal support of its experienced senior management team.
It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!
How much does it cost to open a NYLO Hotels Franchise?
The investment required to open a NYLO Hotels Franchise is between $10,880,000-$14,800,000. There is an initial franchise fee of $60,000-$69,600 which grants you the license to run a business under the NYLO Hotels name.
Individual Unit Costs
- Initial Investment:
$10,880,000-$14,800,000 - Initial Franchise Fee:
$60,000-$69,600 - Royalty Fee:
5% - Advertising Fee:
3.5%
Click here to compare with
franchises similar to NYLO Hotels
New Hotels' Big Expansion Plans Get Squeezed
When NYLO Hotels unveiled its loft-style hotel brand in 2005, the plan was to have more than 50 properties open by 2010. Ambitions were so high that the company announced another brand, XP by NYLO Hotels, in early 2008.
But so far, just two NYLO hotels have opened their doors to guests � in Plano...
Nylo Hotels Announces Winners Of Local Art Contest
NYLO Dallas / Las Colinas, the latest loft-lifestyle property from NYLO Hotels, announced today the winners of its local art contest for its third hotel scheduled to open this July. The contest, which was open to the North Texas public from early September to the end of October 2008, called for entr...
Nylo Celebrates St. Patrick's Day With Hops & Hotties
NYLO Providence/Warwick is celebrating St. Patrick's Day with "Hop & Hotties," courtesy of Narragansett Brewery who will be pouring their specialty ales and giving away free T-shirts and wooden nickels in The Loft on Tuesday, March 17. The Loft will also be serving a special St. Patrick's Day menu w...
NYLO Hotels News & Press Releases
When did NYLO Hotels start Franchising? N/A
To calculate how much income a franchise owner can do at NYLO Hotels Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for NYLO Hotels 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 NYLO Hotels franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
NYLO Hotels
NYLO Hotels, LLC
4300 Marsh Ridge Road, Unit #110
Carrollton,
TX
75010