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Updated RecentlyEcono Lodge vs Knights Inn Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Econo Lodge vs Knights Inn including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $208,275 - $938,645 | $93,000 - $6,277,500 |
| Franchise Fee | $25,000 | $7,000 |
| Royalty Fee | 4.5% | $21/rm./mo. |
| Advertising Fee | 3.5% | - |
| Year Founded | - | 1972 |
| Year Franchised | - | 1991 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | Yes |
| International Expansion | - | - |
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 Knights Inn
!["KNIGHTS]("https://fddexchange.com/wp-content/uploads/2020/11/KNIGHTS-INN.png")
Knight's Inns, an illustrious place to remain. An illustrious place to claim.
With about 200 properties - most ideal off major U.S. what's more, Canadian interstates - Knights Inn is an inn network on a mission: to be the favored economy/spending brand for voyagers searching for clean rooms, well disposed administration, and incredible esteem.
As a Knights Inn franchisee, you'll appreciate two upper hands: a very perceived roadside name and steadfast clients. The economy/spending fragment is an extending market, especially on the recreation side, making Knights Inn lodgings consummately situated to serve esteem cognizant clients: families, seniors and mid-level business voyagers.
This inn network has been around quite a while and individuals know the name by heart. Strong organization.