| ||||
Updated RecentlyNovotel vs Hyatt Centric Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Novotel vs Hyatt Centric including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $1,000,000 | $29,373,500 - $105,360,000 |
| Franchise Fee | $50,000 | $100,000 |
| Royalty Fee | - | - |
| Advertising Fee | - | - |
| Year Founded | - | 2015 |
| Year Franchised | - | 2015 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
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 Hyatt Centric
!["Hyatt]("https://fddexchange.com/wp-content/uploads/2021/02/Hyatt-Centric.png")
Start here. Discover everywhere.
Hyatt Centric hotels are located in the heart of the action, serving as the
perfect spot for exploring all your destination has to offer.
Our Hyatt Centric hosts are destination experts