Starwood Hotels & Resorts vs HomeTowne Studios Franchise Comparison

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

Start-Up Costs and Fees

 
Starwood Hotels & Resorts Franchise
HomeTowne Studios Franchise
Investment $5,000,000$345,500 - $1,238,500
Franchise Fee N/A$30,000
Royalty Fee -3%
Advertising Fee --
Year Founded 19982017
Year Franchised 19982017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Starwood Hotels & Resorts Franchise
HomeTowne Studios Franchise
Experience --

Financing Options

 
Starwood Hotels & Resorts Franchise
HomeTowne Studios Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Starwood Hotels & Resorts Franchise
HomeTowne Studios Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Starwood Hotels & Resorts Franchise
HomeTowne Studios Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -No

Company Overviews

About Starwood Hotels & Resorts

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 1,270 properties in some 100 countries and over 180,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Tribute Portfolio™, Four Points® by Sheraton, Aloft®, Element®, along with an expanded partnership with Design Hotels™. The Company also boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG®).

About HomeTowne Studios

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HomeTowne Studios by Red Roof is an extended stay hotel with flexible daily, weekly, and monthly rate options.
• Fully Furnished Rooms
• Kitchen
• Full Sized Refrigerator
• Microwave
• 2-Burner Stove Top
• Kitchen Table with Chairs
• Weekly House Keeping
• On-site Laundry
• Free High-Speed WiFi
• HD Flat Screen TV
• Extended Cable Package
• Free Domestic Phone Service
• All Inclusive Pricing - No Utility Bills!
• Rate Options: Daily, Weekly, Monthly

The total investment necessary to begin operation of a HomeTowne Studios by Red Roof or a Home Town Inn lodging franchise for a 65-room conversion hotel ranges from $345,500 to $1,238,500. These amounts do not include the costs of land, original construction or acquisition, or ground or building lease rent for the hotel location but do include the approximately $56,500 to $62,000 that must be paid to the franchisor or an affiliate.