Novotel vs Signature Inn Franchise Comparison

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

Start-Up Costs and Fees
 
Novotel Franchise
Signature Inn Franchise
Investment $1,000,000$3,216,500 - $6,275,000
Franchise Fee $50,000$7,500
Royalty Fee --
Advertising Fee --
Year Founded -1986
Year Franchised -1986
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Novotel Franchise
Signature Inn Franchise
Experience --

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

Training & Support
 
Novotel Franchise
Signature Inn Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Novotel Franchise
Signature Inn Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion NoYes

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 Signature Inn

"Signature

Signature Inn invites guests to stay Outside Ordinary. With a cheap-chic design and eye-catching branding, Signature Inn brings to life the golden age of travel and gives it a retro-modern twist for an experience that is just as unique as it is comfortable.Join the Red Lion Hotel Corporation family and enjoy incredible benefits, including affordable flat fees, reasonable agreements, flexible services and amenities and strong revenue contribution.


The total investment necessary to convert an existing hotel into a 40-room Signature Inn Hotel is $153,000 to $932,500. This estimate includes $21,000 to $22,000 that must be paid to the franchisor.
The total investment necessary for a newly-constructed 40-room Signature Inn Hotel is $3,216,500 to $6,275,000, excluding the cost of purchasing or leasing land or any real estate taxes. This estimate includes $21,000 that must be paid to the franchisor.