Hospitality vs NYLO Hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Hospitality vs NYLO Hotels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Hospitality Franchise
NYLO Hotels Franchise
Investment $133,600 - $2,602,000$10,880,000 - $14,800,000
Franchise Fee $5,000 - $15,000$60,000 - $69,600
Royalty Fee $35/rm/night5%
Advertising Fee -3.5%
Year Founded 1971-
Year Franchised 1982-
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Hospitality Franchise
NYLO Hotels Franchise
Experience --

Financing Options

 
Hospitality Franchise
NYLO Hotels Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Hospitality Franchise
NYLO Hotels Franchise
Training Classroom Training: 10.5 hours Additional Training: At regional training seminars -
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations -
Marketing Ad Templates Regional Advertising Social media Website development Email marketing -
Operations 50% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 15

Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

-

Expansion Plans

 
Hospitality Franchise
NYLO Hotels Franchise
US Expansion Yes-
Canada Expansion Yes-
International Expansion Yes-

Company Overviews

About Hospitality

Southern Scottish Inns Inc. and Red Carpet Inns Int'l. Inc. founded Hospitality Int'l. Inc. in 1982.

"Entrepreneur
#446 in Franchise 500 for 2020.

About NYLO 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.