|
Below is an in-depth analysis and side-by-side comparison of La Quinta vs Aloha Hotels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $3,822,657 - $12,901,630 | $100,000 |
Franchise Fee | $55,000 | N/A |
Royalty Fee | 4-4.5% | - |
Advertising Fee | 4.5% | - |
Year Founded | 1968 | - |
Year Franchised | 2001 | - |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25
Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Aloha is dedicated to providing exceptional customer service to enhance the guest experience. We are dedicated to providing friendly, quality, professional and efficient service to each guest. At Aloha the guest is our reason for being in the hospitality business.