Centerstone vs Hard Rock Hotel Franchise Comparison

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

Start-Up Costs and Fees

 
Centerstone Franchise
Hard Rock Hotel Franchise
Investment $47,149 - $8,728,147$118,010,666 - $221,433,000
Franchise Fee $17,000$50,000
Royalty Fee 2%-
Advertising Fee 2%-
Year Founded 20122001
Year Franchised 20122001
Term Of Agreement as low as 3 years-
Term Of Agreement as low as 3 years-
Renewal Fee --


Business Experience Requirements

 
Centerstone Franchise
Hard Rock Hotel Franchise
Experience --

Financing Options

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

Training & Support

 
Centerstone Franchise
Hard Rock Hotel Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Centerstone Franchise
Hard Rock Hotel Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Centerstone

At Centerstone we offer 3 concepts: Centerstone Inns & Suites Centerstone Inns are an economy based product that represents exceptional value to its guests. A typical Centerstone Inn would have a minimum of two diamond/star like quality. Typically, it does not include a restaurant and bar and has an average size of 75 rooms. A Centerstone Inns & Suites is basically the same as a Centerstone Inns with 20% or more of its inventory being suites, versus standard guest rooms. Centerstone Hotel A Centerstone Hotel is typically a minimum of three diamond/star like quality that competes in the mid market and brings exceptional value to its customers. Most Centerstone Hotels are full service and provide a restaurant, lounge, meeting rooms and other related services. Waivers are available for restaurants providing a free breakfast buffet is offered. A typical Centerstone Hotel is interior corridor and mid-rise to high-rise with approximately 125 rooms or more. Centerstone Plaza Hotel A Centerstone Plaza Hotel is typically a four diamond/star like quality product that has an immediate wow factor and competes in the high end of the mid tier sector. A Centerstone Plaza Hotel is designed for the more discriminating value conscious traveler. Typically these properties are 150 rooms or larger, full service with restaurant/bar, meeting facilities, swimming pool, health club and other elevated brand standards and service amenities that make this product a true four diamond/star like experience. Franchise Terms Application Fee: $2,000 Initial Fee: $12,000 Royalty & Marketing Fees: 3% Gross Room Revenue Annual Conference Fee: $499 The Centerstone brand offers one of the lowest fee structures in the industry. With an initial fee of only $12,000, franchisees can have short-term agreements as low as 36 months. Combined marketing and royalty is only 3%. Everything mentioned above is coupled with a cutting-edge reservation system, strong consumer marketing programs, and a commitment of fairness and understanding which makes Centerstone one of best choices in franchising today. Welcome to a true, “franchise-friendly”, brand.

The total investment necessary to begin operation of a Centerstone Lodging Facility franchised business is between $3,482,149 and $8,728,147 for a newly constructed hotel. This includes between $42,999 and $67,997 that must be paid to the franchisor or its affiliates.
The total investment necessary to begin operation of a Centerstone Lodging Facility franchised business conversion of an existing hotel is between $47,149 and $1,648,147. This includes between $35,999 and $67,997 that must be paid to the franchisor or its affiliates(s).

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.