| ||||
Updated RecentlyReverb hotel by Hard Rock vs Tapestry Collection by Hilton Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Reverb hotel by Hard Rock vs Tapestry Collection by Hilton 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 | $3,005,105 - $95,336,595 |
| Franchise Fee | N/A | $75,000 |
| Royalty Fee | - | 5% |
| Advertising Fee | - | 4% |
| Year Founded | - | 2016 |
| Year Franchised | - | 2016 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| 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 |
||
| Training | - | Classroom Training: 141-180 hours Additional Training: Online |
| Support | - | Ongoing Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Supportmn 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 | - | - |
Expansion Plans |
||
| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About Reverb hotel by Hard Rock
!["Reverb]("https://fddexchange.com/wp-content/uploads/2020/06/Reverb-by-Hard-Rock-300x79.png")
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.
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 Tapestry Collection by Hilton
!["Tapestry]("https://fddexchange.com/wp-content/uploads/2020/08/Tapestry-Collection-by-Hilton-300x96.png")
We are proud and fiercely independent.
We are Tapestry Collection™ by Hilton.
A collection of hotels bringing unapologetic originality to any
and every place it calls home.
Seeking new franchise units throughout the U.S.,
Canada, Central America, Mexico and South America