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Updated RecentlyTravelodge Hotels vs EVEN Hotels Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Travelodge Hotels vs EVEN Hotels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $184,960 - $8,424,593 | $16,697,959 - $24,459,635 |
| Franchise Fee | $35,000 - $38,000 | $75,000 |
| Royalty Fee | 4.5% | 5% |
| Advertising Fee | 4% | - |
| Year Founded | 1939 | 2012 |
| Year Franchised | 1966 | 2014 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-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 |
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| 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 | 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 National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Ad Templates National Media SEO Website development 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 |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | Yes | 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
$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.
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About EVEN Hotels
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- REST EASY: EVEN Hotels provides a signature sleep experience which includes Simmons Beautyrest Pillowtop Mattresses and colour LED mood lighting so guests can create a relaxing and calming environment to recharge and rejuvenate.
- KEEP ACTIVE: EVEN Hotels offers a variety of options for guests to stay active, physically or mentally with a best in class gym Active Studio and in-room fitness zone - whether guests have 15 minutes or an hour, EVEN Hotels provides multiple, easy access fitness options.
- EAT WELL: EVEN Hotels provides a variety of healthier to indulgent options for food and beverage to fuel up for day and options to unwind in the evening.
- ACCOMPLISH MORE: EVEN Hotels provides options to enable guests to maximize their productivity with an inviting public space or in the guestroom.