Start-Up Costs and Fees |
||
| GrandStay Residential Suites | Hawthorn Suites | |
| Investment | 117900 - 10090200 | 225693 - 12785326 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5.50% |
| Advertising Fee | 2% | 2.50% |
| Year Founded | 2000 | 1986 |
| Year Franchised | 2000 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| GrandStay Residential Suites | Hawthorn Suites | |
| Experience | ||
Financing Options |
||
| GrandStay Residential Suites | Hawthorn Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| GrandStay Residential Suites | Hawthorn Suites | |
| Training | Available at headquarters, Available at franchisee's location, At regional location | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| GrandStay Residential Suites | Hawthorn Suites | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |
| Franchise Fee | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |
| Royalty Fee | |
| GrandStay Residential Suites | 5% |
| Hawthorn Suites | 5.50% |
| Advertising Fee | |
| GrandStay Residential Suites | 2% |
| Hawthorn Suites | 2.50% |
| Year Founded | |
| GrandStay Residential Suites | 2000 |
| Hawthorn Suites | 1986 |
| Year Franchised | |
| GrandStay Residential Suites | 2000 |
| Hawthorn Suites | 1986 |
| Term Of Agreement | |
| GrandStay Residential Suites | |
| Hawthorn Suites | 20 years |
| Renewal Fee | |
| GrandStay Residential Suites | |
| Hawthorn Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |
Financing Options |
|
| Franchise Fees | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |
| Start-up Costs | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |
| Equipment | |
| GrandStay Residential Suites} | |
| Hawthorn Suites | |
| Inventory | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |
| Receivables | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |
| Payroll | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |
Training & Support |
|
| Training | |
| GrandStay Residential Suites | |
| Hawthorn Suites | Available at headquarters, Available at franchisee's location, At regional location |
| Support | |
| GrandStay Residential Suites | |
| Hawthorn Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| GrandStay Residential Suites | |
| Hawthorn Suites | Co-op advertising, Ad slicks, National media |
| Operations | |
| GrandStay Residential Suites | |
| Hawthorn Suites | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| GrandStay Residential Suites | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Hawthorn Suites | |
| Canada Expansion | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |
| International Expansion | |
| GrandStay Residential Suites | |
| Hawthorn Suites | |