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Updated RecentlyHome2 Suites vs HomeTowne Studios Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Home2 Suites vs HomeTowne Studios including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $9,102,300 - $17,456,500 | $345,500 - $1,238,500 |
| Franchise Fee | $75,000 | $30,000 |
| Royalty Fee | 5% | 3% |
| Advertising Fee | 3.5% | - |
| Year Founded | 2008 | 2017 |
| Year Franchised | 2009 | 2017 |
| Term Of Agreement | 22 years | - |
| Term Of Agreement | 22 years | - |
| Renewal Fee | Same as initial fee | - |
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 | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 1 hour Classroom Training: Varies | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Number of Employees Required to Run: 30 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | No | No |
Company Overviews
About Home2 Suites
Home2 Suites by Hilton,
one of the fastest-growing brands in the history of Hilton, is a
mid-tier, all-suite, award-winning extended-stay hotel concept designed
to offer stylish accommodations with flexible guest room configurations
and inspired amenities for the cost-conscious guest. With a commitment
to environmentally friendly products and hotel operations, Home2 Suites
offers complimentary breakfast selections with hundreds of combinations;
innovative and customizable guest room designs; laundry and fitness
areas; complimentary WiFi; multiple outdoor spaces; 24-hour business
centers; expansive community spaces; and pet-friendly environments.
The total investment necessary to begin operation of a newly
constructed 107 suite Home2 Suites by Hilton hotel, excluding real
property, is $9,111,295 to $17,474,775, including up to $236,995 that
must be paid to the franchisor or their affiliates.
Veteran Incentives Varies
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#113 in Franchise 500 for 2020.
#43 in Franchise 500 for 2021.
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.