Courtyard By Marriott vs Element Hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Courtyard By Marriott vs Element Hotels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Courtyard By Marriott Franchise
Element Hotels Franchise
Investment $11,131,210 - $28,763,410$10,972,610 - $30,445,500
Franchise Fee $50,000 - $90,000$60,000
Royalty Fee -5.5%
Advertising Fee --
Year Founded -1997
Year Franchised -2017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Courtyard By Marriott Franchise
Element Hotels Franchise
Experience --

Financing Options

 
Courtyard By Marriott Franchise
Element Hotels Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Courtyard By Marriott Franchise
Element Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Courtyard By Marriott Franchise
Element Hotels Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Courtyard By Marriott

Moderately priced lodging brand "Designed by business travelers for business travelers."This lodging brand has recently increased its number of downtown locations, often through conversions of historical buildings *Features include: - 80 to 150 guest rooms - High-speed Internet access - Restaurant, lounge - Meeting space - Central courtyard - Exercise room - Swimming pool - 24-hour access to food

The total investment necessary to begin operation of a newly-constructed prototypical Courtyard by Marriott hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $11,131,210 to $23,540,410 for an 80 to 110-room Courtyard by Marriott hotel to $14,956,610 to $28,763,410 for a 120 to 150-room Courtyard by Marriott hotel. This includes approximately $179,300 to $229,300 that must be paid to the franchisor or an affiliate.

About Element Hotels

"Element

Inspired by Westin, Element® is transforming the extended stay segment with bright, modern design, eco-conscious practices and an innovative guest experience that resonates with today’s traveler. From spacious guest rooms featuring fully equipped kitchens to spa-inspired bathrooms, guests have space to live their lives.
Element is a smarter, better place to stay.