Econo Lodge vs Tempo by Hilton Franchise Comparison

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

Start-Up Costs and Fees

 
Econo Lodge Franchise
Tempo by Hilton Franchise
Investment $208,275 - $938,645$16,056,445 - $76,966,375
Franchise Fee $25,000$75,000
Royalty Fee 4.5%-
Advertising Fee 3.5%-
Year Founded -2007
Year Franchised -2020
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements

 
Econo Lodge Franchise
Tempo by Hilton Franchise
Experience --

Financing Options

 
Econo Lodge Franchise
Tempo by Hilton Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Econo Lodge Franchise
Tempo by Hilton Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Econo Lodge Franchise
Tempo by Hilton Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

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.

About Tempo by Hilton

"Tempo
Hilton expects the first Tempo property to open in 2021 and is looking to target mainly urban and surban (areas just outside a major city that still offer a range of urban amenities) markets.Hilton has long championed the efficiencies of multi-brand properties, and Tempo by Hilton will pursue those opportunities when they are a good fit for a particular destination. Currently, there’s neither a set cost per key nor a minimum/maximum on room counts. The numbers will be market dependent, although the company anticipates 150 keys on average and is positioning Tempo to compete at roughly a 15 percent higher average daily rate than a Hilton Garden Inn in the same market.