Residence Inn vs Le Meridien Franchise Comparison

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

Start-Up Costs and Fees

 
Residence Inn Franchise
Le Meridien Franchise
Investment N/A$61,886,490 - $96,761,490
Franchise Fee N/AN/A
Royalty Fee --
Advertising Fee --
Year Founded -1997
Year Franchised -2005
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Residence Inn Franchise
Le Meridien Franchise
Experience --

Financing Options

 
Residence Inn Franchise
Le Meridien Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Residence Inn Franchise
Le Meridien Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Residence Inn Franchise
Le Meridien Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Residence Inn

Designed as "home away from home" for travelers staying 5 or more nights - Residential atmosphere with spacious accommodations Features include: - Complimentary hot breakfast - Evening hospitality hour - Swimming pool - Sport Court - Personalized grocery shopping - Daily housekeeping - Guest suites with separate living and sleeping areas - Fully equipped kitchen - Work space with data ports and voicemail

About Le Meridien

"Le

Le Méridien, the Paris-born hotel brand currently represented by nearly 100 properties in more than 40 countries, was acquired by Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) in November 2005. With more than 80 of its properties located in Europe, Africa, the Middle East, and Asia-Pacific, Le Méridien provided a strong international complement to Starwood’s then primarily North American holdings at the time of purchase. Since then, Le Méridien has gone through a brand re-launch, which included a large scale hotels product consolidation as well as redefining its brand strategy. Through creation of the LM100 artist community, Le Méridien has transformed numerous guest touch points, thus bringing unique, interactive and curated experiences to its guests. Plans call for dynamic expansion of Le Méridien Hotels and Resorts , concentrating on markets in Asia-Pacific and the Americas.

The total investment necessary to begin operation of a newly-constructed Le Méridien hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $61,886,490 to $96,761,490 for a 250-guestroom hotel. This includes approximately $317,000 to
$399,000 that must be paid to the franchisor or an affiliate.