Travelodge Hotels vs Crowne Plaza Franchise Comparison

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

Start-Up Costs and Fees
 
Travelodge Hotels Franchise
Crowne Plaza Franchise
Investment $184,960 - $8,424,593$35,380,430 - $70,256,900
Franchise Fee $35,000 - $38,000$75,000
Royalty Fee 4.5%5%
Advertising Fee 4%-
Year Founded 19391983
Year Franchised 19661983
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee --


Business Experience Requirements
 
Travelodge Hotels Franchise
Crowne Plaza Franchise
Experience --

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

Training & Support
 
Travelodge Hotels Franchise
Crowne Plaza Franchise
Training On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops; customized property training On-The-Job Training: Varies Classroom Training: Varies
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations 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 National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app Ad Templates National Media SEO Loyalty program/app
Operations International franchisees required to buy multiple units/master licenses; 25% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 25

Absentee ownership of franchise is allowed.

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Expansion Plans
 
Travelodge Hotels Franchise
Crowne Plaza Franchise
US Expansion YesYes
Canada Expansion Yes-
International Expansion YesYes

Company Overviews

About Travelodge Hotels

Building temporary worker Scott King opened his first motel, King's Auto Court in 1935- - so as to welcome visitors going to San Diego's World's Fair. Throughout the following five years, he opened 24 more inns around Southern California. The first under the name Travelodge opened in 1940, and this turned into the name of Scott's organization in 1946. Today Travelodge is a piece of the Wyndham Worldwide gathering of lodging networks.

Known for offering high caliber, agreeable, yet reasonable rooms, Travelodge inns advance to many markets including families, seniors and business voyagers. With about 500 Travelodge areas all through the United States, Canada and Mexico, we keep on expanding our offerings to meet our visitors' differing needs. We offer projects and courtesies including:

* Wyndham Rewards, the world's biggest lodging rewards program*
* Best Available Rate Guarantee, guaranteeing that visitors locate our most minimal rate on the Internet
* Pet Friendly Locations
* Bear Bites complimentary breakfast which incorporates newly blended espresso, squeezed orange, arranged bagels, biscuits or baked goods
* Bear Basics in-room courtesies, our new drain and nectar scented lavatory luxuries
* Free day by day daily papers * In-room espresso
* Pools and/or meeting rooms at numerous areas
* Sleepy Bear Den rooms at numerous areas

*Based on the quantity of partaking properties.

The total investment necessary to begin operation of a Travelodge franchise for a 100 room new construction facility ranges from $5,008,753 to $8,424,593.
The total investment necessary to begin operation of a Travelodge franchise for a 100 room conversion facility ranges from $184,960 to
$2,281,055. Land acquisition costs are not included in these ranges. The above amounts include a range of $43,600 to $72,925 that must be paid to the franchisor or an affiliate.

"Top     "Entrepreneur
#112 in Canada's Top franchises.
#112 in Franchise 500 for 2020.
#338 in Franchise 500 for 2021..




About Crowne Plaza

 "Crowne
Work. Connect. Succeed.

When traveling, you need a partner that makes both work and relaxation easy. At Crowne Plaza Hotels & Resorts, we focus on one thing and do it well: making your stay a success. With more than 400 properties worldwide, our premium accommodations, business-ready services and spaces, and fast and fresh meal options are designed to keep you productive, connected, rested, and restored during your stay. Whatever your business or personal needs, our expert staff is on it.

The total investment necessary to begin operation of a typical 300-room Crowne Plaza or Crowne Plaza Suites hotel, excluding land costs and other matters, ranges from $35,380,430 to $60,089,100 ($117,935 to $200,297 per guest room) or more, including between $304,380 and $538,200 or more that must be paid to the franchisor or an affiliate.
The total investment necessary to begin operation of a typical 250-room Crowne Plaza Resort hotel, excluding land costs and other matters, ranges from $40,406,030 to $70,256,900 ($161,624 to $281,028 per guest room) or more, including between $252,380 and $456,200 or more that must be paid to the franchisor or an affiliate.