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Updated RecentlyHomeTowne Studios vs Canopy Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of HomeTowne Studios vs Canopy including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $345,500 - $1,238,500 | $44,872,050 - $114,186,475 |
| Franchise Fee | $30,000 | $75,000 |
| Royalty Fee | 3% | 5% |
| Advertising Fee | - | 4% |
| Year Founded | 2017 | 2007 |
| Year Franchised | 2017 | 2007 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | No | Yes |
Company Overviews
About HomeTowne Studios
![""]("https://fddexchange.com/wp-content/uploads/2021/01/HomeTowne-Studios-by-Red-Roof.jpg")
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.
About Canopy
!["Canopy]("https://fddexchange.com/wp-content/uploads/2020/02/Canopy-300x83.png")
The Hilton Performance Advantage is an integrated system of innovative
solutions and advanced technologies that work together to drive
increased business and keep costs down, without compromising quality.
Together, these seven services provide access to the latest tools,
technologies, forward-thinking strategies, and the most influential
people in the industry to create an unrivaled competitive advantage.
#210 in Franchise 500 for 2021 Not in Franchise 500 for 2020