TownePlace Suites vs AFM Hospitality Corporation Franchise Comparison

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

Start-Up Costs and Fees

 
TownePlace Suites Franchise
AFM Hospitality Corporation Franchise
Investment $9,180,100 - $25,635,600$2,000,000 - $20,000,000
Franchise Fee $50,000 - $100,000$35,000
Royalty Fee -3%
Advertising Fee -4%
Year Founded 19971991
Year Franchised 19971992
Term Of Agreement -5/5/5/5 Years
Term Of Agreement -5/5/5/5 Years
Renewal Fee --


Business Experience Requirements

 
TownePlace Suites Franchise
AFM Hospitality Corporation Franchise
Experience --

Financing Options

 
TownePlace Suites Franchise
AFM Hospitality Corporation Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
TownePlace Suites Franchise
AFM Hospitality Corporation Franchise
Training -On-Site 3-5 Days
Support -Central Data Processing:

Central Purchasing:

Field Operation Evaluation:

Field Training:

Initial Store Opening:

Franchisee Newsletter:

Regional or National Meetings:

800 Telephone Hotline:

Marketing --
Operations --

Expansion Plans

 
TownePlace Suites Franchise
AFM Hospitality Corporation Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About TownePlace Suites

TownePlace Suites: The Special Features of Our Extended Stay Hotels For your comfort Our extended stay hotel offers suites that are 25% larger than typical hotel rooms Luxury bedding - crisp linens, fluffier pillows, thicker mattresses Separate living and sleeping areas Three spacious floor plans: studio, 1- and 2-bedroom suites Electronic card-key locks Smoke detectors and sprinklers For your convenience Fully equipped kitchen including conventional full-size refrigerator/freezer, stovetop, oven, coffee maker, microwave, eating utensils, and dishwasher Adjoining studio suites available Suites designed for persons with disabilities available Sofa bed in some suites Separate telephone and data lines Iron and ironing board For your routines & relaxation Free high-speed Internet (in many hotels) Remote-controlled TV with premium channels, including HBO Exercise room & outdoor swimming pool

The total investment necessary to begin operation of a newly-constructed prototypical TownePlace Suites by Marriott hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $9,180,100 to $19,898,300 for an 80 to 110-suite TownePlace Suites by Marriott hotel and from $13,127,900 to $25,635,600 for a 120 to 150-suite TownePlace Suites by Marriott hotel. This includes approximately $150,300 to $217,100 that must be paid to the franchisor or an affiliate.

About AFM Hospitality Corporation

AFM is dedicated to being the best in hospitality services, nationwide. Wherever possible, the services we provide have been centralized, allowing the company to capitalize on economies of scale. All brands receive full training, quality assurance and franchise service support provided by a team of industry experts. The growth strategy for the company has been developed by a team of professionals, each with a specific area of expertise in the hospitality trade.