Novotel vs Courtyard By Marriott Franchise Comparison

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

Start-Up Costs and Fees
 
Novotel Franchise
Courtyard By Marriott Franchise
Investment $1,000,000$11,131,210 - $28,763,410
Franchise Fee $50,000$50,000 - $90,000
Royalty Fee --
Advertising Fee --
Year Founded --
Year Franchised --
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Novotel Franchise
Courtyard By Marriott Franchise
Experience --

Financing Options
 
Novotel Franchise
Courtyard By Marriott Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Novotel Franchise
Courtyard By Marriott Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Novotel Franchise
Courtyard By Marriott 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 Courtyard By Marriott

Moderately priced lodging brand "Designed by business travelers for business travelers."This lodging brand has recently increased its number of downtown locations, often through conversions of historical buildings *Features include: - 80 to 150 guest rooms - High-speed Internet access - Restaurant, lounge - Meeting space - Central courtyard - Exercise room - Swimming pool - 24-hour access to food

The total investment necessary to begin operation of a newly-constructed prototypical Courtyard by Marriott hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $11,131,210 to $23,540,410 for an 80 to 110-room Courtyard by Marriott hotel to $14,956,610 to $28,763,410 for a 120 to 150-room Courtyard by Marriott hotel. This includes approximately $179,300 to $229,300 that must be paid to the franchisor or an affiliate.