| ||||
Updated RecentlyHomewood Suites by Hilton vs Le Meridien Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Homewood Suites by Hilton vs Le Meridien 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 | $61,886,490 - $96,761,490 |
| Franchise Fee | $75,000 | N/A |
| Royalty Fee | 3.5% - 5.5% | - |
| Advertising Fee | 3.5% | - |
| Year Founded | 1988 | 1997 |
| Year Franchised | 1988 | 2005 |
| 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 | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
||
| Training | Classroom Training: 141-148 hours Additional Training: At Memphis, TN, corporate office | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | - |
| Marketing | 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 |
Company Overviews
About Homewood Suites by Hilton
Make Yourself At Home.
Investing in Homewood Suites by Hilton gives you the opportunity to capture your own piece of one of the fastest-growing segments in the hotel industry. When you develop with us, you get the upscale position in the extended-stay market backed by the power of the Hilton name.
When you develop a Homewood, you're not just developing a hotel, but a relationship with the entire Hilton Family of Hotels. Advantages like our friendly corporate staff, central reservations system and award-winning Hilton HHonors guest reward program make this a brand you'll want to stay with for a long time.
Franchisor is seeking new franchise units throughout the U.S. , Canada and Mexico
Veteran Incentives Varies
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#133 in Franchise 500 for 2020.
#122 in Franchise 500 for 2021.
About Le Meridien
!["Le]("https://fddexchange.com/wp-content/uploads/2020/04/Le-Meridien-300x43.png")
Le Méridien, the Paris-born hotel brand currently represented by nearly
100 properties in more than 40 countries, was acquired by Starwood
Hotels & Resorts Worldwide, Inc. (NYSE: HOT) in November 2005. With
more than 80 of its properties located in Europe, Africa, the Middle
East, and Asia-Pacific, Le Méridien provided a strong international
complement to Starwood’s then primarily North American holdings at the
time of purchase. Since then, Le Méridien has gone through a brand
re-launch, which included a large scale hotels product consolidation as
well as redefining its brand strategy. Through creation of the LM100
artist community, Le Méridien has transformed numerous guest touch
points, thus bringing unique, interactive and curated experiences to its
guests. Plans call for dynamic expansion of Le Méridien Hotels and
Resorts , concentrating on markets in
Asia-Pacific and the Americas.
The total investment necessary to begin operation of a newly-constructed
Le Méridien hotel, excluding the cost of real estate and related costs
(building permit, tap, and impact fees), ranges from $61,886,490 to
$96,761,490 for a 250-guestroom hotel. This includes approximately
$317,000 to
$399,000 that must be paid to the franchisor or an affiliate.
$399,000 that must be paid to the franchisor or an affiliate.