Franchise North America
 
Business Type: Hotels
Industry: Lodging
Minimum Cash Requirement: $500k
Total Start-up Investment (cash plus financing): $10000k
Minimum Net Worth: $10000k
Business Location: Store Front
Market Class: Business to Consumer/Business to Business
Business Model: Owner-Operator/Multi-Owner

Concept Overview

One of the largest hotel franchise companies in the world with over 5,000 hotels, inns, all-suite hotels and resorts open and under development in 48 countries and territories. The company built its foundation by pioneering consistent quality and service in mid-priced lodging. They began its rapid expansion in 1981 with the introduction of segmentation to the hotel industry.  This first-ever franchised "luxury-budget" limited service hotel is now one of the fastest growing brands in the lodging industry.  Industry "firsts" include mid-priced, all-suite hotels; mandatory system-wide non-smoking rooms; rooms specially designed for senior travelers; real-time bookings via the Internet; and franchised mid-market lodging.

Owner Profile

  • Candidates with business ownership/management experience are preferred
  • Always a plus, especially in situations where the franchisee adopts a hands-on, day-to-day management position.
  • They have established the Emerging Markets and New Business Development division of the Company that is dedicated to establishing incremental franchise growth within its franchise development program.  This division is expressly interested in discovering individual investors, groups or corporations, not previously experienced in the hospitality field, but have interest in hotel development investments as a means toward asset diversification and wealth building.
  • Encouraged are African-American, Hispanic and Native American entrepreneurs to franchise this brands.
  • Strong financial situation

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