Novotel vs stayAPT Suites Franchise Comparison

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

Start-Up Costs and Fees
 
Novotel Franchise
stayAPT Suites Franchise
Investment $1,000,000$4,148,500 - $7,616,000
Franchise Fee $50,000N/A
Royalty Fee --
Advertising Fee --
Year Founded -2018
Year Franchised -2018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Novotel Franchise
stayAPT Suites Franchise
Experience --

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

Training & Support
 
Novotel Franchise
stayAPT Suites Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Novotel Franchise
stayAPT Suites Franchise
US Expansion -Yes
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 stayAPT Suites

"stayAPT
A stayAPT Suites™ hotel is an extended- stay hotel offering temporary housing on a weekly or monthly rental basis. stayAPT offers franchisees both the right to develop multiple Hotels under an Area Development Agreement (each Hotel requiring a separate Franchise Agreement) and individual Hotels under a Franchise Agreement.

The total investment necessary to begin operation of a stayAPT Suites™ Hotel with 59 units is from $4,148,500 to $5,378,500 and for 87 units is $6,052,500 to $7,616,000, excluding real estate costs. This includes $51,000 that must be paid to the franchisor or an affiliate. If you sign an Area Development Agreement, you must pay $30,000 for each Hotel you plan to develop, all of which is due at signing. The initial fee paid under the Area Development Agreement is in lieu of the initial franchise fee normally due for a Hotel when the Franchise Agreement for that Hotel is executed.