Tempo by Hilton vs stayAPT Suites Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Tempo by Hilton vs stayAPT Suites including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Tempo by Hilton Franchise
stayAPT Suites Franchise
Investment $16,056,445 - $76,966,375$4,148,500 - $7,616,000
Franchise Fee $75,000N/A
Royalty Fee --
Advertising Fee --
Year Founded 20072018
Year Franchised 20202018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Tempo by Hilton Franchise
stayAPT Suites Franchise
Experience --

Financing Options

 
Tempo by Hilton Franchise
stayAPT Suites Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Tempo by Hilton Franchise
stayAPT Suites Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Tempo by Hilton Franchise
stayAPT Suites Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About Tempo by Hilton

"Tempo
Hilton expects the first Tempo property to open in 2021 and is looking to target mainly urban and surban (areas just outside a major city that still offer a range of urban amenities) markets.Hilton has long championed the efficiencies of multi-brand properties, and Tempo by Hilton will pursue those opportunities when they are a good fit for a particular destination. Currently, there’s neither a set cost per key nor a minimum/maximum on room counts. The numbers will be market dependent, although the company anticipates 150 keys on average and is positioning Tempo to compete at roughly a 15 percent higher average daily rate than a Hilton Garden Inn in the same market.

About stayAPT Suites

"stayAPT
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.