Novotel vs Residence Inn Franchise Comparison

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

Start-Up Costs and Fees

 
Novotel Franchise
Residence Inn Franchise
Investment $1,000,000N/A
Franchise Fee $50,000N/A
Royalty Fee --
Advertising Fee --
Year Founded --
Year Franchised --
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Novotel Franchise
Residence Inn Franchise
Experience --

Financing Options

 
Novotel Franchise
Residence Inn Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Novotel Franchise
Residence Inn Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Novotel Franchise
Residence Inn Franchise
US Expansion --
Canada Expansion No-
International Expansion No-

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 Residence Inn

Designed as "home away from home" for travelers staying 5 or more nights - Residential atmosphere with spacious accommodations Features include: - Complimentary hot breakfast - Evening hospitality hour - Swimming pool - Sport Court - Personalized grocery shopping - Daily housekeeping - Guest suites with separate living and sleeping areas - Fully equipped kitchen - Work space with data ports and voicemail