|
Below is an in-depth analysis and side-by-side comparison of Doubletree Hotels, Suites, Resorts, Clubs vs Element Hotels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $22,843,700 - $79,169,000 | $10,972,610 - $30,445,500 |
Franchise Fee | $75,000 | $60,000 |
Royalty Fee | 5% | 5.5% |
Advertising Fee | 4% | - |
Year Founded | 1969 | 1997 |
Year Franchised | 1989 | 2017 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | Same as initial fee | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-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 |
||
Training | General manager training prior to certification for opening On-The-Job Training Classroom Training | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
Number of employees needed to run franchised unit: 100 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |