Studio 6 vs Hyatt Place Hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Studio 6 vs Hyatt Place Hotels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Studio 6 Franchise
Hyatt Place Hotels Franchise
Investment $206,850 - $9,621,350$15,269,000 - $30,124,500
Franchise Fee $20,000 - $30,000$60,000 - $100,000
Royalty Fee 5%-
Advertising Fee 2%-
Year Founded 19982005
Year Franchised 19992005
Term Of Agreement 10-15 years-
Term Of Agreement 10-15 years-
Renewal Fee 50% of current franchise fee-


Business Experience Requirements

 
Studio 6 Franchise
Hyatt Place Hotels Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    Studio 6 Franchise
    Hyatt Place Hotels Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    Studio 6 Franchise
    Hyatt Place Hotels Franchise
    Training On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention -
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform -
    Marketing Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app -
    Operations Absentee Ownership Allowed -

    Expansion Plans

     
    Studio 6 Franchise
    Hyatt Place Hotels Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About Studio 6

    Extend Your Stay, Not Your Budget
     Studio 6 taps into the national recognition of Motel 6, while having developed a following all its own. 
    Studio 6 properties feature fully furnished studios with low weekly rates and amenities for comfortable, restful extended stays. The properties are easy to operate and manage with favorable weekly pricing. Invest in one of the segment's fastest growing brands. Motel 6 introduced Studio 6 in 1998 as an extended-stay option for travelers.
    Franchising since 1999, Studio 6 offers furnished studio rooms, complete with work areas and fully furnished kitchens. The company is based in Dallas.
     Franchise opportunities are available for: Seasoned quality-oriented developers or operators, and; Those new to the lodging industry.
    Franchisee Benefits:
     * Complete prototype design
     * Architectural, construction and renovation support
     * Powerful marketing support and national advertising
     * Competitive franchise and royalty fees
     * Protected market territories
     * Personalized operational support
     * Initial training at our corporate headquarters
     * Ongoing training on the field and online
     * Adherence to fair franchising initiatives
     * One-stop shopping for all purchasing needs

    Seeking new franchise units throughout the U.S., Asia, Canada, Central America, Mexico and South America    

    Veteran Incentives  $1,500 general-manager training fee waived
                              
    "franchiserankingscom"
    #28 on Franchise Rankings.com

    "Entrepreneur
    #412 in Franchise 500 for 2020.



    About Hyatt Place Hotels

    "Hyatt
    At Hyatt Place we do things differently. We combine style, innovation and 24/7 convenience to create a perfectly seamless stay with every modern comfort you deserve. You never have to settle for any place less than Hyatt Place.
    - Free Wi-Fi, everywhere
    -A.M. Kitchen Skilletâ„¢ breakfast served daily, free with your stay
    - 24/7 Gallery Menu
    - Lobby Bar open daily
    - Roomy Rooms including the Cozy Corner with sectional sofa
    - Swiveling HDTVs and plush Hyatt Luxury Pillowtop Mattress in all guestrooms
    - Necessities for forgotten essentials
    - Over 350 locations worldwide