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Updated RecentlyHome2 Suites vs Signature Inn Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Home2 Suites vs Signature Inn 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 | $3,216,500 - $6,275,000 |
| Franchise Fee | $75,000 | $7,500 |
| Royalty Fee | 5% | - |
| Advertising Fee | 3.5% | - |
| Year Founded | 2008 | 1986 |
| Year Franchised | 2009 | 1986 |
| 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 | Yes |
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 Signature Inn
!["Signature]("https://fddexchange.com/wp-content/uploads/2019/02/Signature.png")
Signature Inn invites guests to stay Outside Ordinary. With a cheap-chic design
and eye-catching branding, Signature Inn brings to life the golden age
of travel and gives it a retro-modern twist for an experience that is
just as unique as it is comfortable.Join
the Red Lion Hotel Corporation family and enjoy incredible benefits, including
affordable flat fees, reasonable agreements, flexible services and
amenities and strong revenue contribution.
The total investment necessary to convert an existing hotel into a 40-room Signature Inn Hotel is $153,000 to $932,500. This estimate includes $21,000 to $22,000 that must be paid to the franchisor.
The
total investment necessary for a newly-constructed 40-room Signature Inn
Hotel is $3,216,500 to $6,275,000, excluding the cost of purchasing or leasing
land or any real estate taxes. This estimate includes $21,000 that must
be paid to the franchisor.