Travelodge Hotels vs Best Western Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Travelodge Hotels vs Best Western including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$184,960 - $8,424,593 | $50,505 - $24,773,188 |
Franchise Fee |
$35,000 - $38,000 | $45,000 - $60,000 |
Royalty Fee |
4.5% | - |
Advertising Fee |
4% | - |
Year Founded |
1939 | 1946 |
Year Franchised |
1966 | 1957 |
Term Of Agreement |
15 years | - |
Term Of Agreement |
15 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-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 |
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 |
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
*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.
#112 in Canada's Top franchises.
#112 in Franchise 500 for 2020.
#338 in Franchise 500 for 2021..
About Best Western
Best Western Hotels & Resorts headquartered in Phoenix, Arizona, is a privately held hotel brand within the BWH Hotel Group global network. With 18 brands and approximately 4,700 hotels in over 100 countries and territories worldwide, BWH Hotel Group suits the needs of developers and guests in every market. Brands include Best Western®, Best Western Plus®, Best Western Premier®, Executive Residency by Best Western®, Vīb®, GLō®, Aiden®, Sadie®, BW Premier Collection® and BW Signature Collection®. Through acquisition, WorldHotelsTM Luxury, WorldHotels Elite, WorldHotels Distinctive and WorldHotels Crafted collections are also offered. Completing the portfolio is SureStay®, SureStay Plus®, SureStay Collection® and SureStay Studio franchises.
The total investment necessary to begin operation of a 75-room Best Western hotel is $5,080,050 - $9,589,538 (for new construction) and
$505,050 - $1,939,539 (for a conversion), which includes $69,350 -
$143,438 that must be paid to the franchisor or their affiliate; the
total investment necessary to begin operation of a 90-room
Best Western
Plus hotel is $6,433,050 - $10,397,788 (for new construction) and
$608,050 - $2,406,288 (for a conversion), which includes $72,350 -
$147,188 that must be paid to the franchisor or their affiliate; the
total investment necessary to begin operation of a 120-room Best Western
Premier hotel is $13,944,450 - $24,773,188 (for new construction) and
$869,450 - $5,673,188 (for a conversion), which includes $78,350 -
$154,688 that must be paid to the franchisor or their affiliate; the
total investment necessary to begin operation of a 100-room Executive
Residency by Best Western hotel is $6,573,050 - $11,949,788 (for new
construction) and $648,050 - $3,149,788 (for a conversion), which
includes $74,350 - $149,688 that must be paid to the franchisor or their
affiliate; the total investment necessary to begin operation of a
100-room dual brand hotel (e.g., Best Western Plus and Executive
Residency by Best Western) is $6,751,750 - $12,065,838 (for new
construction) and $726,750 - $3,370,838 (for a conversion), which
includes $109,350 - $193,438 that must be paid to the franchisor or
their affiliate; the total investment necessary to begin operation of a
110-room Vīb hotel as is $9,817,150 - $14,354,988 (for new construction)
and $1,392,150 - $3,804,988 (for a conversion), which includes $76,350 -
$152,188 that must be paid to the franchisor or their affiliate; the
total investment necessary to begin operation of an 80-room GLō hotel is
$7,354,750 - $9,821,488 (for new construction) and $1,129,750 -
$2,771,488 (for a conversion), which includes $70,350 - $144,688 that
must be paid to the franchisor or their affiliate; the total investment
necessary to begin operation of a 90-room Aiden hotel is $6,494,750 -
$10,467,988 (for new construction) and $669,750 - $2,467,988 (for a
conversion), which includes $72,350 - $147,188 that must be paid to the
franchisor or their affiliate; and, the total investment necessary to
begin operation of a 120-room Sadie hotel is $13,924,750 - $24,749,488
(for new construction) and $845,750 - $5,649,488 (for a conversion),
which includes $78,350 - $154,688 that must be paid to the franchisor or
their affiliate.