Econo Lodge hotels provide a great stay and a great value for business and leisure travelers.
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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.
Below is a quick comparison of Econo Lodge against other Hotels/Motels/Inns franchises and business opportunities. For an in depth comparison of Econo Lodge with another opportunity including start-up costs and fees, business experience requirements, training & support and financing options click on the name of the company to view the detailed comparison.
AFM Hospitality Corporation |
$35,000 |
3% |
4% |
$2,000,000-$20,000,000 |
Aloft hotels |
$185,050-$258,650 |
5.5% |
|
$10,358,360-$26,620,860 |
Aloha Hotels |
N/A |
|
|
$100,000 |
America's Best Inns & Suites |
$15,000 |
17.50 -$22.50/room/mo. |
|
$109,250-$5,836,500 |
AmericInn |
$39,500 |
5% |
3.25% |
$221,286-$7,605,378 |
AmeriHost Franchise Systems |
N/A |
4-5% |
|
$3,700,000-$4,700,000 |
Aston Hotels and Resorts |
N/A |
|
|
$250,000-$500,000 |
Atwell Suites |
N/A |
5% |
|
$8,820,308-$12,387,352 |
Baymont by Wyndham |
$26,000-$29,000 |
5% |
3.5% |
$214,523-$7,155,641 |
Best Western |
$45,000-$60,000 |
|
|
$50,505-$24,773,188 |
Boarders Inn and Suites by Cobblestone Hotels |
$20,000 |
$2/room/day |
.25/room/day |
$46,649-$7,727,647 |
Budgetel Inns |
N/A |
|
|
$1,000,000 |
Cambria Suites |
$60,000 |
5% |
|
$12,576,100-$14,690,600 |
Candlewood Suites |
$50,000 |
5% |
|
$7,807,040-$10,716,900 |
Canopy |
$75,000 |
5% |
4% |
$44,872,050-$114,186,475 |
Centerstone |
$17,000 |
2% |
2% |
$47,149-$8,728,147 |
Choice Hotels |
$10,000-$60,000 |
Varies |
Varies |
$88,050-$13,166,100 |
Clarion |
$40,000 |
4.25% |
3.25% |
$519,750-$2,771,599 |
Clubhouse Inn |
$30,000 |
|
|
$30,000-$1,000,000 |
Cobblestone Inn and Suites |
$35,000 |
$3/room/day |
.25/room/day |
$64,799-$8,738,497 |
Comfort Inn |
$50,000 |
5.65% |
3.85% |
$307,125-$9,243,275 |
Comfort Suites |
$50,000 |
5.65% |
3.85% |
$307,125-$9,243,275 |
COMPASS by Margaritaville |
N/A |
|
|
$9,010,000-$31,395,000 |
Country Comfort |
N/A |
|
|
$2,000,000-$10,000,000 |
Country Hearth Inn |
$40,000 |
|
|
$1,000,000 |
Country Inns & Suites By Radisson |
$50,000 |
5% |
2.5% |
$1,916,178-$9,472,795 |
Courtyard By Marriott |
$50,000-$90,000 |
|
|
$11,131,210-$28,763,410 |
Crowne Plaza |
$75,000 |
5% |
|
$35,380,430-$70,256,900 |
Curio Collection by Hilton |
$75,000 |
5% |
4% |
$3,592,500-$112,436,500 |
Days Inns Worldwide |
$35,000-$38,000 |
5.5% |
3.8% |
$231,156-$5,794,510 |
Dolce by Wyndham |
$35,000-$50,000 |
5% |
|
$743,675-$22,345,559 |
Doubletree Hotels, Suites, Resorts, Clubs |
$75,000 |
5% |
4% |
$22,843,700-$79,169,000 |
Downtowner Inns |
$6,000-$16,000 |
3% |
2.5% |
$133,600-$2,602,000 |
Element Hotels |
$60,000 |
5.5% |
|
$10,972,610-$30,445,500 |
Embassy Suites Hotels |
$75,000 |
3.5% - 5.5% |
4% |
$17,910,500-$85,492,500 |
EVEN Hotels |
$75,000 |
5% |
|
$16,697,959-$24,459,635 |
Everhome Suites |
N/A |
|
|
$10,108,350-$12,101,869 |
Fairfield Inns |
$50,000-$60,000 |
5.5% |
|
$8,491,200-$22,730,300 |
Four Points by Sheraton |
$60,000 |
|
|
$9,400,610-$25,923,410 |
GrandStay Residential Suites |
$35,000 |
5% |
2% |
$117,900-$10,090,200 |
GUESTHOUSE |
$15,000 |
3%year1, 3.5%thereafter |
1.5% |
$118,000-$1,918,500 |
Hampton Inn/Hampton Inn & Suites |
$75,000 |
6% |
4% |
$7,662,800-$20,306,500 |
Hard Rock Hotel |
$50,000 |
|
|
$118,010,666-$221,433,000 |
Hawthorn Suites |
$40,000-$44,500 |
5.5% |
2.5% |
$225,693-$12,785,326 |
Hilton Garden Inn |
$75,000 |
5.5% |
4% |
$13,045,500-$27,123,500 |
Hilton Hotels & Resorts |
$75,000 |
5% |
4% |
$30,581,105-$128,987,095 |
Holiday Inn |
$50,000 |
5-6% |
|
$8,993,365-$20,018,168 |
Home2 Suites |
$75,000 |
5% |
3.5% |
$9,102,300-$17,456,500 |
HomeTowne Studios |
$30,000 |
3% |
|
$345,500-$1,238,500 |
Homewood Suites by Hilton |
$75,000 |
3.5% - 5.5% |
3.5% |
$12,337,700-$25,972,000 |
Hospitality |
$5,000-$15,000 |
$35/rm/night |
|
$133,600-$2,602,000 |
Hotel Indigo |
$75,000 |
5% |
|
$18,314,275-$39,374,895 |
Hotel RL |
$40,000-$75,000 |
5% |
3.5% |
$1,335,000-$36,191,500 |
Howard Johnson |
$35,000-$38,000 |
4.5% |
4% |
$336,552-$9,898,595 |
Hyatt |
$60,000-$100,000 |
|
|
$44,648,500-$1,541,430,000 |
Hyatt Centric |
$100,000 |
|
|
$29,373,500-$105,360,000 |
Hyatt House Hotels |
$60,000-$100,000 |
|
|
$15,269,000-$30,124,500 |
Hyatt Place Hotels |
$60,000-$100,000 |
|
|
$15,269,000-$30,124,500 |
InterContinental Hotels Group |
$75,000 |
5% |
|
$70,494,125-$103,087,610 |
JW Marriott Hotels & Resorts |
$50,000 |
|
|
$5,000,000-$7,000,000 |
Key West Inns |
$14,000 |
2% |
2% |
$32,149-$8,713,147 |
Kimpton Hotels & Restaurants |
$75,000 |
5% |
|
$49,789,087-$70,127,050 |
Knights Inn |
$7,000 |
$21/rm./mo. |
|
$93,000-$6,277,500 |
La Quinta |
$55,000 |
4-4.5% |
4.5% |
$3,822,657-$12,901,630 |
Le Meridien |
N/A |
|
|
$61,886,490-$96,761,490 |
Luxury Collection, The |
N/A |
|
|
$138,156,490-$214,086,490 |
Mainstay Suites |
$30,000 |
5% |
2.5% |
$290,825-$13,479,816 |
Margaritaville Hotels & Resorts |
N/A |
|
|
$10,175,000-$115,680,000 |
Marriott Conference Centers |
$50,000 |
|
|
$5,000,000-$7,000,000 |
Marriott Hotels & Resorts |
$50,000 |
|
|
$74,082,490-$176,017,490 |
Master Hosts Inns |
$6,000-$16,000 |
3% |
2.5% |
$133,600-$2,602,000 |
MGallery Hotel Collection |
N/A |
|
|
$50,412,500-$86,813,500 |
MHO Hotel |
N/A |
|
|
$59,400-$1,238,000 |
Microtel Inns & Suites |
$43,000 |
6% |
2% |
$5,709,119-$6,799,356 |
Motel 6 |
$25,000-$35,000 |
5% |
3.5% |
$206,850-$8,823,850 |
Motto by Hilton |
$75,000 |
5% |
4% |
$12,290,495-$67,951,775 |
Moxy Hotels |
$75,000 |
5.5% |
|
$10,309,910-$31,230,300 |
My Place Hotels |
$30,000 |
|
|
$4,108,050-$5,709,950 |
Novotel |
$50,000 |
|
|
$1,000,000 |
NYLO Hotels |
$60,000-$69,600 |
5% |
3.5% |
$10,880,000-$14,800,000 |
Oasis Senior Advisors |
$40,000-$70,000 |
10% |
|
$59,290-$93,490 |
Oyo Hotels |
N/A |
|
|
$97,700-$179,700 |
Park Inn by Radisson |
$35,000 |
4.5% |
2% |
$3,692,674-$20,934,027 |
Passport Inn |
$6,000-$16,000 |
3% |
2.5% |
$133,600-$2,602,000 |
Quality Inns |
$25,000-$50,000 |
3.5%-5.25% |
1.25%-3.5% |
$2,000,000-$10,000,000 |
Radisson |
$75,000 |
5% |
2% |
$13,942,060-$65,080,705 |
Radisson RED |
$75,000 |
|
|
$7,180,738-$33,494,350 |
Ramada Worldwide |
$35,000 |
4.5% |
4% |
$220,731-$9,291,313 |
Red Carpet Inn |
$6,000-$16,000 |
3% |
2.5% |
$133,600-$2,602,000 |
Red Collection, The |
$30,000 |
|
|
$787,000-$1,745,500 |
Red Lion Hotels and Inns |
$40,000-$75,000 |
5% |
3.5% |
$8,431,750-$36,598,000 |
Red Roof Inn |
$30,000 |
4.5% |
4%(Marketing & Reservation Fee) |
$203,500-$5,456,700 |
Regent International Hotels |
N/A |
|
|
$2,000,000 |
Registry Collection Hotels, The |
N/A |
|
|
$21,810,621-$35,601,522 |
Reverb hotel by Hard Rock |
N/A |
|
|
$15,445,000-$37,020,000 |
Rodeway Inns |
$15,000 |
4.5% |
1.25%-3.5% |
$118,825-$572,495 |
Scottish Inns |
$6,000-$16,000 |
3% |
2.5% |
$133,600-$2,602,000 |
Select Inn |
N/A |
|
|
$5,000,000 |
Settle Inn |
$25,000 |
3%year 1, 3.5%thereafter |
2.25% |
$2,763,290-$3,687,220 |
Signature Inn |
$7,500 |
|
|
$3,216,500-$6,275,000 |
SpringHill Suites |
$60,000-$100,000 |
|
|
$9,403,000-$26,051,800 |
Starwood Hotels & Resorts |
N/A |
|
|
$5,000,000 |
stayAPT Suites |
N/A |
|
|
$4,148,500-$7,616,000 |
Staybridge Suites |
$55,000 |
5% |
|
$15,352,595-$22,436,565 |
Studio 6 |
$20,000-$30,000 |
5% |
2% |
$206,850-$9,621,350 |
Suburban |
$30,000 |
4% |
|
$149,175-$8,513,044 |
Super 8 |
$25,000-$28,000 |
5.5% |
3% |
$233,200-$4,834,492 |
SureStay Hotel by Best Western |
N/A |
|
|
$186,225-$24,338,895 |
Tapestry Collection by Hilton |
$75,000 |
5% |
4% |
$3,005,105-$95,336,595 |
Tempo by Hilton |
$75,000 |
|
|
$16,056,445-$76,966,375 |
TownePlace Suites |
$50,000-$100,000 |
|
|
$9,180,100-$25,635,600 |
Trademark Collection Hotel |
N/A |
|
|
$198,558-$12,854,531 |
Travelodge Hotels |
$35,000-$38,000 |
4.5% |
4% |
$184,960-$8,424,593 |
Trend Hotels and Suites by My Place |
N/A |
up to 5% |
|
$180,050-$2,848,700 |
Tru by Hilton |
$75,000 |
5% |
4% |
$8,332,795-$13,542,175 |
TRYP by Wyndham |
$39,500 |
5% |
4% |
$15,120,019-$23,614,755 |
Unbound Collection by Hyatt, The |
N/A |
|
|
$27,357,500-$98,440,000 |
Vagabond Inns |
$20,000 |
2.5% |
|
$2,800,000-$5,800,000 |
Value Place |
$5,000 |
5% |
|
$5,035,000-$7,031,000 |
voco hotels |
$75,000 |
0 |
0 |
$15,963,880-$46,738,600 |
WaterWalk Hotels and Apartments |
$50,000 |
|
|
$19,960,000-$25,430,000 |
Wingate by Wyndham |
$36,000-$40,500 |
4.5% |
4% |
$375,465-$10,816,446 |
WoodSpring Suites |
$50,000 |
5% |
2.5% |
$5,035,000-$7,031,000 |
Wyndham Garden |
$39,500 |
5% |
3% |
$446,776-$14,378,293 |
Wyndham Grand |
$39,500 |
5% |
3% |
$446,776-$14,378,293 |
Wyndham Hotels & Resorts |
$54,500 |
5% |
3% |
$42,112,580-$69,188,897 |