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Updated RecentlyNovotel vs AFM Hospitality Corporation Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Novotel vs AFM Hospitality Corporation including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $1,000,000 | $2,000,000 - $20,000,000 |
| Franchise Fee | $50,000 | $35,000 |
| Royalty Fee | - | 3% |
| Advertising Fee | - | 4% |
| Year Founded | - | 1991 |
| Year Franchised | - | 1992 |
| Term Of Agreement | - | 5/5/5/5 Years |
| Term Of Agreement | - | 5/5/5/5 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | On-Site 3-5 Days |
| Support | - | Central Data Processing: Central Purchasing: Field Operation Evaluation: Field Training: Initial Store Opening: Franchisee Newsletter: Regional or National Meetings: 800 Telephone Hotline: |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| 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 AFM Hospitality Corporation
AFM is dedicated to being the best in hospitality services, nationwide. Wherever possible, the services we provide have been centralized, allowing the company to capitalize on economies of scale. All brands receive full training, quality assurance and franchise service support provided by a team of industry experts. The growth strategy for the company has been developed by a team of professionals, each with a specific area of expertise in the hospitality trade.