Start-Up Costs and Fees |
||
| Park Plaza | Hospitality | |
| Investment | 1500000 - 6500000 | 133600 - 2602000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4-5% | $35/rm/night |
| Advertising Fee | 2% | |
| Year Founded | 1986 | 1971 |
| Year Franchised | 1993 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Park Plaza | Hospitality | |
| Experience | ||
Financing Options |
||
| Park Plaza | Hospitality | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Park Plaza | Hospitality | |
| Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | |
| Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Park Plaza | Hospitality | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Park Plaza | |
| Hospitality | |
| Franchise Fee | |
| Park Plaza | |
| Hospitality | |
| Royalty Fee | |
| Park Plaza | 4-5% |
| Hospitality | $35/rm/night |
| Advertising Fee | |
| Park Plaza | 2% |
| Hospitality | |
| Year Founded | |
| Park Plaza | 1986 |
| Hospitality | 1971 |
| Year Franchised | |
| Park Plaza | 1993 |
| Hospitality | 1982 |
| Term Of Agreement | |
| Park Plaza | |
| Hospitality | 5 years |
| Renewal Fee | |
| Park Plaza | |
| Hospitality | |
Business Experience Requirements |
|
| Experience | |
| Park Plaza | |
| Hospitality | |
Financing Options |
|
| Franchise Fees | |
| Park Plaza | No |
| Hospitality | No |
| Start-up Costs | |
| Park Plaza | |
| Hospitality | |
| Equipment | |
| Park Plaza} | |
| Hospitality | |
| Inventory | |
| Park Plaza | |
| Hospitality | |
| Receivables | |
| Park Plaza | |
| Hospitality | |
| Payroll | |
| Park Plaza | |
| Hospitality | |
Training & Support |
|
| Training | |
| Park Plaza | |
| Hospitality | Classroom Training: 10.5 hours Additional Training: At regional training seminars |
| Support | |
| Park Plaza | |
| Hospitality | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| Park Plaza | |
| Hospitality | Ad Templates Regional Advertising Social media Website development Email marketing |
| Operations | |
| Park Plaza | |
| Hospitality | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Park Plaza | |
| Hospitality | 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 | |
| Park Plaza | |
| Hospitality | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Park Plaza | |
| Hospitality | |