Suburban vs EVEN Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
Suburban Franchise
EVEN Hotels Franchise
Investment $149,175 - $8,513,044$16,697,959 - $24,459,635
Franchise Fee $30,000$75,000
Royalty Fee 4%5%
Advertising Fee --
Year Founded 19862012
Year Franchised 19892014
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $30K or $225/room-


Business Experience Requirements
 
Suburban Franchise
EVEN Hotels Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Suburban Franchise
    EVEN Hotels Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/Yes
    Start-up Costs No/No-/Yes
    Equipment No/No-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/Yes
    Payroll No/No-/Yes

    Training & Support
     
    Suburban Franchise
    EVEN Hotels Franchise
    Training - On-The-Job Training: Varies Classroom Training: Varies
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives Ongoing Support 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 slicks, Regional advertising Ad Templates National Media SEO Website development Loyalty program/app
    Operations 80% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6 - 10

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Suburban Franchise
    EVEN Hotels Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion NoYes

    Company Overviews

    About Suburban

    Suburban Extended Stay Hotel is Choice Hotels International's economy brand in one of the most desirable hotel segments today-extended stay. Suburban provides a simple solution for longer-term housing that's as pleasant as it is affordable. Value-conscious guests looking to stay for a day, a week, a month or longer enjoy just the right hotel amenities including well-equipped kitchens in all the rooms, weekly housekeeping, guest laundry, free cable TV and high speed Internet service. The flexible floor plan concept allows for conversions, easily adopting local market-driven design, guest room mix and suitable extended stay guest room features, along with an optional fitness center, meeting space or swimming pool.

    In 2015, Suburban brand hotels received an average of 63.6% of gross room revenue through the Choice Hotels Central Reservations System (CRS) and other Choice Hotels marketing channels.

    Suburban Extended Stay Hotel franchise is supported by a nationwide team of Area Directors (AD's) who provide local market assessments, pricing and rate structure support, and operational training. Dedicated, Extended Stay sales training provides the skills necessary to compete effectively in the local market. This support makes sure your hotel adheres to the extended stay business model for optimal performance.

    About EVEN Hotels

    "EVEN

    The EVEN Hotels brand helps travellers make healthier choices that impact every aspect of their personal wellness at an affordable price point. The brand is focused on ensuring guests Eat Well, Rest Easy, Keep Active and Accomplish More: