Novotel vs Element Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
Novotel Franchise
Element Hotels Franchise
Investment $1,000,000$10,972,610 - $30,445,500
Franchise Fee $50,000$60,000
Royalty Fee -5.5%
Advertising Fee --
Year Founded -1997
Year Franchised -2017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Novotel Franchise
Element Hotels Franchise
Experience --

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

Training & Support
 
Novotel Franchise
Element Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Novotel Franchise
Element Hotels 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 Element Hotels

"Element

Inspired by Westin, Element® is transforming the extended stay segment with bright, modern design, eco-conscious practices and an innovative guest experience that resonates with today’s traveler. From spacious guest rooms featuring fully equipped kitchens to spa-inspired bathrooms, guests have space to live their lives.
Element is a smarter, better place to stay.