|
Below is an in-depth analysis and side-by-side comparison of Homewood Suites by Hilton vs Curio Collection by Hilton including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $12,337,700 - $25,972,000 | $3,592,500 - $112,436,500 |
Franchise Fee | $75,000 | $75,000 |
Royalty Fee | 3.5% - 5.5% | 5% |
Advertising Fee | 3.5% | 4% |
Year Founded | 1988 | 2014 |
Year Franchised | 1988 | 2014 |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | Same as initial fee | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/Yes | -/Yes |
Payroll | No/Yes | -/Yes |
Training & Support |
||
Training | Classroom Training: 141-148 hours Additional Training: At Memphis, TN, corporate office | On-The-Job Training: Varies Classroom Training: Varies |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | 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 | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | 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: 25 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
There is extraordinary. And then there is Curio.
Some are well known. Some are local legends.
But each hotel in the Curio Collection is a masterpiece that reflects the best of its surroundings.