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Updated RecentlyEVEN Hotels vs stayAPT Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of EVEN Hotels vs stayAPT Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $16,697,959 - $24,459,635 | $4,148,500 - $7,616,000 |
| Franchise Fee | $75,000 | N/A |
| Royalty Fee | 5% | - |
| Advertising Fee | - | - |
| Year Founded | 2012 | 2018 |
| Year Franchised | 2014 | 2018 |
| 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 | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: Varies Classroom Training: Varies | - |
| Support | Ongoing Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Ad Templates National Media SEO Website development Loyalty program/app | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About EVEN Hotels
!["EVEN]("https://fddexchange.com/wp-content/uploads/2019/02/EVEN-Hotels.png")
The EVEN Hotels brand helps travellers make healthier choices that
impact every aspect of their personal wellness at an affordable price
point. The brand is focused on ensuring guests Eat Well, Rest Easy, Keep
Active and Accomplish More:
- REST EASY: EVEN Hotels provides a signature sleep experience which includes Simmons Beautyrest Pillowtop Mattresses and colour LED mood lighting so guests can create a relaxing and calming environment to recharge and rejuvenate.
- KEEP ACTIVE: EVEN Hotels offers a variety of options for guests to stay active, physically or mentally with a best in class gym Active Studio and in-room fitness zone - whether guests have 15 minutes or an hour, EVEN Hotels provides multiple, easy access fitness options.
- EAT WELL: EVEN Hotels provides a variety of healthier to indulgent options for food and beverage to fuel up for day and options to unwind in the evening.
- ACCOMPLISH MORE: EVEN Hotels provides options to enable guests to maximize their productivity with an inviting public space or in the guestroom.
About stayAPT Suites
!["stayAPT]("https://fddexchange.com/wp-content/uploads/2020/03/stayAPT-Suites.png")
A stayAPT Suites™ hotel is an extended- stay hotel offering temporary
housing on a weekly or monthly rental basis. stayAPT offers franchisees
both the right to develop multiple Hotels under an Area Development
Agreement (each Hotel requiring a separate Franchise Agreement) and
individual Hotels under a Franchise Agreement.
The total investment necessary to begin operation of a stayAPT Suites™
Hotel with 59 units is from $4,148,500 to $5,378,500 and for 87 units is
$6,052,500 to $7,616,000, excluding real estate costs. This includes
$51,000 that must be paid to the franchisor or an affiliate. If you sign
an Area Development Agreement, you must pay $30,000 for each Hotel you
plan to develop, all of which is due at signing. The initial fee paid
under the Area Development Agreement is in lieu of the initial franchise
fee normally due for a Hotel when the Franchise Agreement for that
Hotel is executed.