Tempo by Hilton Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tempo by Hilton including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$16,056,445 - $76,966,375 |
Franchise Fee |
$75,000 |
Royalty Fee |
- |
Advertising Fee |
- |
Year Founded |
2007 |
Year Franchised |
2020 |
Term Of Agreement |
- |
Term Of Agreement |
- |
Renewal Fee |
- |
Business Experience Requirements |
Experience |
- |
Financing Options |
|
In-House/3rd Party |
Franchise Fees |
-/- |
Start-up Costs |
-/- |
Equipment |
-/- |
Inventory |
-/- |
Receivables |
-/- |
Payroll |
-/- |
Training & Support |
Training |
- |
Support |
- |
Marketing |
- |
Operations |
- |
Expansion Plans |
US Expansion |
Yes |
Canada Expansion |
- |
International Expansion |
Yes |
Company Overviews
About Tempo by Hilton
Hilton expects the first Tempo property to open in 2021 and is looking
to target mainly urban and surban (areas just outside a major city that
still offer a range of urban amenities) markets.Hilton has long championed the efficiencies of multi-brand
properties, and Tempo by Hilton will pursue those opportunities when
they are a good fit for a particular destination.
Currently,
there’s neither a set cost per key nor a minimum/maximum on room
counts. The numbers will be market dependent, although the company
anticipates 150 keys on average and is positioning Tempo to compete at
roughly a 15 percent higher average daily rate than a Hilton Garden Inn
in the same market.