Reverb hotel by Hard Rock vs Element Hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Reverb hotel by Hard Rock vs Element Hotels 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
Element Hotels Franchise
Investment $15,445,000 - $37,020,000$10,972,610 - $30,445,500
Franchise Fee N/A$60,000
Royalty Fee -5.5%
Advertising Fee --
Year Founded -1997
Year Franchised -2017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Reverb hotel by Hard Rock Franchise
Element Hotels Franchise
Experience --

Financing Options

 
Reverb hotel by Hard Rock Franchise
Element Hotels 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
Element Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Reverb hotel by Hard Rock Franchise
Element Hotels Franchise
US Expansion YesYes
Canada Expansion --
International Expansion YesYes

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 Element Hotels

"Element

Inspired by Westin, Element® is transforming the extended stay segment with bright, modern design, eco-conscious practices and an innovative guest experience that resonates with today’s traveler. From spacious guest rooms featuring fully equipped kitchens to spa-inspired bathrooms, guests have space to live their lives.
Element is a smarter, better place to stay.