SpringHill Suites vs Econo Lodge Franchise Comparison

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

Start-Up Costs and Fees

 
SpringHill Suites Franchise
Econo Lodge Franchise
Investment $9,403,000 - $26,051,800$208,275 - $938,645
Franchise Fee $60,000 - $100,000$25,000
Royalty Fee -4.5%
Advertising Fee -3.5%
Year Founded 1998-
Year Franchised 1998-
Term Of Agreement -20 years
Term Of Agreement -20 years
Renewal Fee --


Business Experience Requirements

 
SpringHill Suites Franchise
Econo Lodge Franchise
Experience --

Financing Options

 
SpringHill Suites Franchise
Econo Lodge Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
SpringHill Suites Franchise
Econo Lodge Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
SpringHill Suites Franchise
Econo Lodge Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About SpringHill Suites

Moderately priced, all-suite lodging brand Guest suites that are up to 25% larger than standard hotel rooms Features include: - Complimentary continental breakfast - Self-serve business center - Indoor pool - Whirlpool/spa (most locations) - High-speed internet access - Exercise room.

The total investment necessary to begin operation of a newly-constructed prototypical SpringHill Suites by Marriott hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $9,403,000 to $20,678,400 for an 80 to 110-suite SpringHill Suites by Marriott hotel and from $13,266,100 to $26,051,800 for a 120 to 150-suite SpringHill Suites by Marriott hotel. This includes approximately $150,300 to $207,100 that must be paid to the franchisor or an affiliate.

About Econo Lodge

Econo Lodge hotels provide a great stay and a great value for business and leisure travelers. Free wireless hotspots Complimentary Breakfast by Econo Lodge Free USA Today weekdays.

The total investment necessary to convert an existing hotel and begin operation of a 63-room ECONO LODGE hotel franchise is between $208,275 and $938,645. This includes an affiliation fee of $250 per room for new franchises, $500 per room for transfers and renewals ($25,000 minimum for new franchises, $30,000 for transfers and renewals); a brand activation fee of approximately $8,000 to $17,000; and orientation and hospitality training fees of between $0 and $3,145 per person, all of which are paid to the Franchisor or its affiliates. These sums do not include the cost of any real estate taxes.