Reverb hotel by Hard Rock vs GrandStay Residential Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Reverb hotel by Hard Rock vs GrandStay Residential Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$15,445,000 - $37,020,000 | $117,900 - $10,090,200 |
Franchise Fee |
N/A | $35,000 |
Royalty Fee |
- | 5% |
Advertising Fee |
- | 2% |
Year Founded |
- | 2000 |
Year Franchised |
- | 2000 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | - |
Support |
- | - |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
Yes | - |
Company Overviews
About Reverb hotel by Hard Rock
Hard Rock Hotel Licensing, Inc. offers franchises for the operation of
an upscale, select-service hotel that operates under the name “Reverb.”
If you purchase a single franchised Hotel, the total investment
necessary to begin operation of a Reverb franchise ranges from
$15,445,000 to $37,020,000. This includes an amount ranging from
$151,000 to $415,000 that must be paid to the franchisor and their
affiliates.
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.
About GrandStay Residential Suites
GrandStay Hospitality, LLC offers a hotel franchise opportunity like
no other hotel chain. From franchise conversions to new builds,
GrandStay franchisees are backed by a strong, growing lodging company
with a unique, technology-driven marketing approach, flexible franchise
options and collaborative, one-on-one support designed for success.
Click here for our Franchise Brochure
- Upper Midscale Market
- Growing Hospitality Brand
- Fresh Approach to Design
- Attractive Amenities
- Proven Business System
- Strong Partnership
A careful review of the GrandStay Hospitality Franchise Disclosure
Document (FDD) is the first step in the application process. The next
step is to complete a GrandStay Hospitality Application. Once the
Franchise Agreement and supporting paperwork are completed and returned
with the initial fee, you will begin the GrandStay hotel construction
program.
We welcome you to join the GrandStay Family!
The total investment necessary to begin operation of a new build
GrandStay hotel, other than a GrandStay conference center property, is
$5,038,400 to $10,090,200 and $124,900 to $1,021,200 for a conversion
property.
The total investment necessary to begin operation of a new
build GrandStay conference center is $306,400 to $2,300,200 and $117,900
to $541,200 for a conversion property. In all cases, this includes
$35,000 that must be paid to the Franchisor.