Novotel vs Key West Inns Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Novotel vs Key West Inns including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Novotel Franchise
Key West Inns Franchise
Investment $1,000,000$32,149 - $8,713,147
Franchise Fee $50,000$14,000
Royalty Fee -2%
Advertising Fee -2%
Year Founded -1989
Year Franchised -1989
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Novotel Franchise
Key West Inns Franchise
Experience --

Financing Options
 
Novotel Franchise
Key West Inns Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-No/No
Start-up Costs -/-No/No
Equipment -/-No/No
Inventory -/-No/No
Receivables -/-No/No
Payroll -/-No/No

Training & Support
 
Novotel Franchise
Key West Inns Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Novotel Franchise
Key West Inns Franchise
US Expansion --
Canada Expansion NoNo
International Expansion NoNo

Company Overviews

About Novotel

Establishing franchised and corporate full-service hotels in all major cities across the country serving the top end of the mid-scale segment of the market. Providing franchisees with extensive and dedicated franchise services, national sales & marketing, training and purchasing power.

About Key West Inns

Key West Inns, Inc. is a hotel franchising company that borrows the looks and feel of South Florida in architectural style and appearance. All hotels feature the amenities that corporate travelers need while offering a relaxing atmosphere that will please families and senior travelers.

The total investment necessary to begin operation of a Key West Lodging Facility franchised business is between $3,4667,149 and $8,713,147 for a newly constructed hotel. This includes between $27,999 and $52,497 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of a Key West Lodging Facility franchised business is between $32,149 and $1,633,147 for the conversion of an existing hotel. This includes between $20,999 and $52,497 that must be paid to the franchisor or its affiliate(s).