| ||||
Updated RecentlyHome2 Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Home2 Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $9,102,300 - $17,456,500 | |
| Franchise Fee | $75,000 | |
| Royalty Fee | 5% | |
| Advertising Fee | 3.5% | |
| Year Founded | 2008 | |
| Year Franchised | 2009 | |
| Term Of Agreement | 22 years | |
| Term Of Agreement | 22 years | |
| Renewal Fee | Same as initial fee | |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | ||
| Franchise Fees | -/Yes | |
| Start-up Costs | -/Yes | |
| Equipment | -/Yes | |
| Inventory | -/Yes | |
| Receivables | -/Yes | |
| Payroll | -/Yes | |
Training & Support |
||
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | |
| 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 Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Number of Employees Required to Run: 30 | |
Expansion Plans |
||
| US Expansion | Yes | |
| Canada Expansion | Yes | |
| International Expansion | No | |
Company Overviews
About Home2 Suites
Home2 Suites by Hilton,
one of the fastest-growing brands in the history of Hilton, is a
mid-tier, all-suite, award-winning extended-stay hotel concept designed
to offer stylish accommodations with flexible guest room configurations
and inspired amenities for the cost-conscious guest. With a commitment
to environmentally friendly products and hotel operations, Home2 Suites
offers complimentary breakfast selections with hundreds of combinations;
innovative and customizable guest room designs; laundry and fitness
areas; complimentary WiFi; multiple outdoor spaces; 24-hour business
centers; expansive community spaces; and pet-friendly environments.
The total investment necessary to begin operation of a newly
constructed 107 suite Home2 Suites by Hilton hotel, excluding real
property, is $9,111,295 to $17,474,775, including up to $236,995 that
must be paid to the franchisor or their affiliates.
Veteran Incentives Varies
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#113 in Franchise 500 for 2020.
#43 in Franchise 500 for 2021.