NYLO Hotels vs Tempo by Hilton Franchise Comparison

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

Start-Up Costs and Fees
 
NYLO Hotels Franchise
Tempo by Hilton Franchise
Investment $10,880,000 - $14,800,000$16,056,445 - $76,966,375
Franchise Fee $60,000 - $69,600$75,000
Royalty Fee 5%-
Advertising Fee 3.5%-
Year Founded -2007
Year Franchised -2020
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
NYLO Hotels Franchise
Tempo by Hilton Franchise
Experience --

Financing Options
 
NYLO Hotels Franchise
Tempo by Hilton Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
NYLO Hotels Franchise
Tempo by Hilton Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
NYLO Hotels Franchise
Tempo by Hilton 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 Tempo by Hilton

"Tempo
Hilton expects the first Tempo property to open in 2021 and is looking to target mainly urban and surban (areas just outside a major city that still offer a range of urban amenities) markets.Hilton has long championed the efficiencies of multi-brand properties, and Tempo by Hilton will pursue those opportunities when they are a good fit for a particular destination. Currently, there’s neither a set cost per key nor a minimum/maximum on room counts. The numbers will be market dependent, although the company anticipates 150 keys on average and is positioning Tempo to compete at roughly a 15 percent higher average daily rate than a Hilton Garden Inn in the same market.