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

 
Reverb hotel by Hard Rock Franchise
GrandStay Residential Suites Franchise
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

 
Reverb hotel by Hard Rock Franchise
GrandStay Residential Suites Franchise
Experience --

Financing Options

 
Reverb hotel by Hard Rock Franchise
GrandStay Residential Suites Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Reverb hotel by Hard Rock Franchise
GrandStay Residential Suites Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Reverb hotel by Hard Rock Franchise
GrandStay Residential Suites Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About Reverb hotel by Hard Rock

"Reverb

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
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
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.