Courtyard By Marriott vs Canopy Franchise Comparison

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

Start-Up Costs and Fees

 
Courtyard By Marriott Franchise
Canopy Franchise
Investment $11,131,210 - $28,763,410$44,872,050 - $114,186,475
Franchise Fee $50,000 - $90,000$75,000
Royalty Fee -5%
Advertising Fee -4%
Year Founded -2007
Year Franchised -2007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Courtyard By Marriott Franchise
Canopy Franchise
Experience --

Financing Options

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

Training & Support

 
Courtyard By Marriott Franchise
Canopy Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Courtyard By Marriott Franchise
Canopy 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 Canopy

"Canopy
The Hilton Performance Advantage is an integrated system of innovative solutions and advanced technologies that work together to drive increased business and keep costs down, without compromising quality. Together, these seven services provide access to the latest tools, technologies, forward-thinking strategies, and the most influential people in the industry to create an unrivaled competitive advantage.

#210 in Franchise 500 for 2021   Not in Franchise 500 for 2020