Start-Up Costs and Fees |
||
| MHO Hotel | Microtel Inns & Suites | |
| Investment | 59400 - 1238000 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 2020 | 1987 |
| Year Franchised | 2020 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| MHO Hotel | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| MHO Hotel | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| MHO Hotel | Microtel Inns & Suites | |
| Training | ||
| 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, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| MHO Hotel | Microtel Inns & 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| MHO Hotel | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| MHO Hotel | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| MHO Hotel | |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| MHO Hotel | |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| MHO Hotel | 2020 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| MHO Hotel | 2020 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| MHO Hotel | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| MHO Hotel | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| MHO Hotel | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| MHO Hotel | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| MHO Hotel | |
| Microtel Inns & Suites | |
| Equipment | |
| MHO Hotel} | |
| Microtel Inns & Suites | |
| Inventory | |
| MHO Hotel | |
| Microtel Inns & Suites | |
| Receivables | |
| MHO Hotel | |
| Microtel Inns & Suites | |
| Payroll | |
| MHO Hotel | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| MHO Hotel | |
| Microtel Inns & Suites | |
| Support | |
| MHO Hotel | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| MHO Hotel | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| MHO Hotel | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| MHO Hotel | 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 |
| Microtel Inns & Suites | |
| Canada Expansion | |
| MHO Hotel | |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| MHO Hotel | |
| Microtel Inns & Suites | |