NYLO Hotels vs Hard Rock Hotel Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of NYLO Hotels vs Hard Rock Hotel including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
NYLO Hotels Franchise
Hard Rock Hotel Franchise
Investment $10,880,000 - $14,800,000$118,010,666 - $221,433,000
Franchise Fee $60,000 - $69,600$50,000
Royalty Fee 5%-
Advertising Fee 3.5%-
Year Founded -2001
Year Franchised -2001
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
NYLO Hotels Franchise
Hard Rock Hotel Franchise
Experience --

Financing Options
 
NYLO Hotels Franchise
Hard Rock Hotel Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
NYLO Hotels Franchise
Hard Rock Hotel Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
NYLO Hotels Franchise
Hard Rock Hotel Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About NYLO Hotels

NYLO has set the goal of having 50 hotels open or under construction by end of 2012. This includes both NYLO and XP by NYLO hotels. NYLO's growth plan will be accomplished by pursuing two avenues simultaneously: 1. Corporate owned, developed and operated hotels, and 2. Franchise agreements with third party owners, developers and operators. As a core part of its business plan, NYLO made the strategic decision not to launch the franchising until it had developed, constructed and operated at least a few corporately owned hotels in order to fully understand the product from a developer's perspective. NYLO will continue to corporately develop, own and operated additional hotels going forward; however, franchising will play an increasingly significant role in the brand's growth. NYLO first made the brands available for franchising in February 2008 and has filed a franchise disclosure document (FDD) in 47 states and is therefore licensed to sell franchises in 47 states. NYLO offers developers and franchisees an innovative concept that is efficient to construct and the personal support of its experienced senior management team.

About Hard Rock Hotel


"Hard
Hard Rock Hotels span the globe with an uncompromising dedication to hospitality that promises so much more than merely a place to stay.
We embrace the culture and character of each of our all-inclusive resorts collection locations with an energy and enthusiasm only found at Hard Rock.

Our hotels are rooted in the spirit of music that all began with a guitar donated by rock legend Eric Clapton to London’s original Hard Rock Cafe. We offer a suite of services for guests that value the VIP treatment. And we welcome people from all walks of life in an all-inclusive way.
Every Hard Rock Hotel takes the spirit of its destination and blends it with our vibrant collection of music and memorabilia.