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Below is an in-depth analysis and side-by-side comparison of Clarion vs Home2 Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $519,750 - $2,771,599 | $9,102,300 - $17,456,500 |
Franchise Fee | $40,000 | $75,000 |
Royalty Fee | 4.25% | 5% |
Advertising Fee | 3.25% | 3.5% |
Year Founded | 1963 | 2008 |
Year Franchised | 1987 | 2009 |
Term Of Agreement | 20 years | 22 years |
Term Of Agreement | 20 years | 22 years |
Renewal Fee | - | Same as initial 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 | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
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Training | - | On-The-Job Training: 1 hour Classroom Training: Varies |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | Number of Employees Required to Run: 30 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | Yes |
International Expansion | - | No |