Travelodge Hotels vs Econo Lodge Franchise Comparison

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

Start-Up Costs and Fees
 
Travelodge Hotels Franchise
Econo Lodge Franchise
Investment $184,960 - $8,424,593$208,275 - $938,645
Franchise Fee $35,000 - $38,000$25,000
Royalty Fee 4.5%4.5%
Advertising Fee 4%3.5%
Year Founded 1939-
Year Franchised 1966-
Term Of Agreement 15 years20 years
Term Of Agreement 15 years20 years
Renewal Fee --


Business Experience Requirements
 
Travelodge Hotels Franchise
Econo Lodge Franchise
Experience --

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

Training & Support
 
Travelodge Hotels Franchise
Econo Lodge Franchise
Training On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops; customized property training -
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations -
Marketing Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing 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.

-

Expansion Plans
 
Travelodge Hotels Franchise
Econo Lodge Franchise
US Expansion Yes-
Canada Expansion Yes-
International Expansion Yes-

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 Econo Lodge

Econo Lodge hotels provide a great stay and a great value for business and leisure travelers. Free wireless hotspots Complimentary Breakfast by Econo Lodge Free USA Today weekdays.

The total investment necessary to convert an existing hotel and begin operation of a 63-room ECONO LODGE hotel franchise is between $208,275 and $938,645. This includes an affiliation fee of $250 per room for new franchises, $500 per room for transfers and renewals ($25,000 minimum for new franchises, $30,000 for transfers and renewals); a brand activation fee of approximately $8,000 to $17,000; and orientation and hospitality training fees of between $0 and $3,145 per person, all of which are paid to the Franchisor or its affiliates. These sums do not include the cost of any real estate taxes.