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Updated RecentlyTRYP by Wyndham vs Reverb hotel by Hard Rock Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of TRYP by Wyndham vs Reverb hotel by Hard Rock including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $15,120,019 - $23,614,755 | $15,445,000 - $37,020,000 |
| Franchise Fee | $39,500 | N/A |
| Royalty Fee | 5% | - |
| Advertising Fee | 4% | - |
| Year Founded | 1975 | - |
| Year Franchised | 2011 | - |
| Term Of Agreement | 15-20 YEARS | - |
| Term Of Agreement | 15-20 YEARS | - |
| Renewal Fee | Negotiable, renewable | - |
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/Yes | -/- |
| Start-up Costs | Yes/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | Yes/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-The-Job Training: 3-4 days Classroom Training: 4 days | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | Yes |
Company Overviews
About TRYP by Wyndham
TRYP by Wyndham® is a select-benefit inn mark that as of now has more than 90 properties in the absolute most dynamic and cosmopolitan urban communities in Europe and South America and will soon be making its introduction in North America. TRYP lodgings take into account both business and relaxation voyagers who esteem personal satisfaction with expert greatness, and offer a novel affair that urges visitors to appreciate the city, mingle and live without limitations.
Begin!
Building a solid, gainful business takes assets. As a component of the Wyndham family, you get them. Select access to world-class improvement bolster administrations - Design, Development and Sourcing.
As one of the world's biggest cordiality organizations, Wyndham Worldwide offers explorers around the world, and in addition lodging speculators, designers, and administrators, a wide suite of friendliness items and administrations crosswise over different convenience choices and value ranges. We have manufactured a critical nearness in real cordiality showcases in the United States and all through the world.
We establishment inns in the upper upscale through economy fragments of the cabin business and give property administration administrations to upscale properties through Wyndham Hotel Management.
About Reverb hotel by Hard Rock
!["Reverb]("https://fddexchange.com/wp-content/uploads/2020/06/Reverb-by-Hard-Rock-300x79.png")
If you purchase area development rights, the total investment necessary to begin operation of a Reverb franchise ranges from $15,445,000 to $37,020,000, plus an additional deposit fee that is calculated as: $50,000 for the 2nd Hotel you will develop under the area development agreement, plus $12,500 per Hotel for your 3rd and each additional Hotel you will commit to develop under the area development agreement. This includes an amount ranging from $151,000 to $415,000, plus the total amount of the deposit fee, that must be paid to the franchisor and their affiliates.