Tempo by Hilton vs Canopy Franchise Comparison

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

Start-Up Costs and Fees

 
Tempo by Hilton Franchise
Canopy Franchise
Investment $16,056,445 - $76,966,375$44,872,050 - $114,186,475
Franchise Fee $75,000$75,000
Royalty Fee -5%
Advertising Fee -4%
Year Founded 20072007
Year Franchised 20202007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Tempo by Hilton Franchise
Canopy Franchise
Experience --

Financing Options

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

Training & Support

 
Tempo by Hilton Franchise
Canopy Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Tempo by Hilton Franchise
Canopy Franchise
US Expansion YesYes
Canada Expansion --
International Expansion YesYes

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 Canopy

"Canopy
The Hilton Performance Advantage is an integrated system of innovative solutions and advanced technologies that work together to drive increased business and keep costs down, without compromising quality. Together, these seven services provide access to the latest tools, technologies, forward-thinking strategies, and the most influential people in the industry to create an unrivaled competitive advantage.

#210 in Franchise 500 for 2021   Not in Franchise 500 for 2020