Cobblestone Inn and Suites vs HomeTowne Studios Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cobblestone Inn and Suites vs HomeTowne Studios including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Cobblestone Inn and Suites Franchise
HomeTowne Studios Franchise
Investment $64,799 - $8,738,497$345,500 - $1,238,500
Franchise Fee $35,000$30,000
Royalty Fee $3/room/day3%
Advertising Fee .25/room/day-
Year Founded 20082017
Year Franchised 20122017
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements

 
Cobblestone Inn and Suites Franchise
HomeTowne Studios Franchise
Experience --

Financing Options

 
Cobblestone Inn and Suites Franchise
HomeTowne Studios Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Cobblestone Inn and Suites Franchise
HomeTowne Studios Franchise
Training

*5 days at Headquarters *14 days at the Hotel location *up to 14 days at each new Hotel location

-
Support --
Marketing --
Operations 90% are owner/Operators. 10% are investors Approx. 7 Full Time employees are necessary for each Hotel-

Expansion Plans

 
Cobblestone Inn and Suites Franchise
HomeTowne Studios Franchise
US Expansion YesYes
Canada Expansion --
International Expansion YesNo

Company Overviews

About Cobblestone Inn and Suites

Cobblestone Inn and Suites are unique properties that offer superb curb appeal which gives our arriving guests a wonderful sense of arrival. These properties feature state of the art technology that allows for exceptional operation and marketing functionality. All guest rooms are enhanced with telecommunications and advanced business-oriented amenities such as high speed wireless internet access in all of the guest rooms and public spaces. Since our guest mix includes equal parts of leisure guests and business travelers, Cobblestone Inn and Suites helps our properties stay balanced seven days a week. Cobblestone is filling the lodging needs of many smaller communities by introducing our upper mid-scale all new build brands. This cohesive approach of community and entrepreneurship provides the catalyst for success for all shareholders. Cobblestone Inn and Suites' is "Paving the Future of Hotel Ownership"

The total investment necessary to begin operation of a Cobblestone Inn and Suites franchised business is between $3,492,499 and $8,738,497 for a newly constructed hotel. This includes between $52,999 and $77,997 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of a Cobblestone Inn and Suites franchised business is between $64,799 and $1,658,797 for the conversion of an existing hotel. This includes between $52,999 and $77,997 that must be paid to the franchisor or its affiliate(s).



About HomeTowne Studios

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HomeTowne Studios by Red Roof is an extended stay hotel with flexible daily, weekly, and monthly rate options.
• Fully Furnished Rooms
• Kitchen
• Full Sized Refrigerator
• Microwave
• 2-Burner Stove Top
• Kitchen Table with Chairs
• Weekly House Keeping
• On-site Laundry
• Free High-Speed WiFi
• HD Flat Screen TV
• Extended Cable Package
• Free Domestic Phone Service
• All Inclusive Pricing - No Utility Bills!
• Rate Options: Daily, Weekly, Monthly

The total investment necessary to begin operation of a HomeTowne Studios by Red Roof or a Home Town Inn lodging franchise for a 65-room conversion hotel ranges from $345,500 to $1,238,500. These amounts do not include the costs of land, original construction or acquisition, or ground or building lease rent for the hotel location but do include the approximately $56,500 to $62,000 that must be paid to the franchisor or an affiliate.