Element Hotels vs Canopy Franchise Comparison

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

Start-Up Costs and Fees
 
Element Hotels Franchise
Canopy Franchise
Investment $10,972,610 - $30,445,500$44,872,050 - $114,186,475
Franchise Fee $60,000$75,000
Royalty Fee 5.5%5%
Advertising Fee -4%
Year Founded 19972007
Year Franchised 20172007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Element Hotels Franchise
Canopy Franchise
Experience --

Financing Options
 
Element Hotels Franchise
Canopy Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Element Hotels Franchise
Canopy Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Element Hotels Franchise
Canopy Franchise
US Expansion YesYes
Canada Expansion --
International Expansion YesYes

Company Overviews

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.

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