Start-Up Costs and Fees |
||
| Tru by Hilton | Park Plaza Hotels and Resorts | |
| Investment | 8332795 - 13542175 | 187500 - 1200000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 4% | |
| Year Founded | 0 | 1986 |
| Year Franchised | 0 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Tru by Hilton | Park Plaza Hotels and Resorts | |
| Experience | ||
Financing Options |
||
| Tru by Hilton | Park Plaza Hotels and Resorts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Tru by Hilton | Park Plaza Hotels and Resorts | |
| 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 | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Tru by Hilton | Park Plaza Hotels and Resorts | |
| 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 | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
| Franchise Fee | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
| Royalty Fee | |
| Tru by Hilton | 5% |
| Park Plaza Hotels and Resorts | 5% |
| Advertising Fee | |
| Tru by Hilton | 4% |
| Park Plaza Hotels and Resorts | |
| Year Founded | |
| Tru by Hilton | 0 |
| Park Plaza Hotels and Resorts | 1986 |
| Year Franchised | |
| Tru by Hilton | 0 |
| Park Plaza Hotels and Resorts | 1993 |
| Term Of Agreement | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | 15 years |
| Renewal Fee | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
Business Experience Requirements |
|
| Experience | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
Financing Options |
|
| Franchise Fees | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
| Start-up Costs | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
| Equipment | |
| Tru by Hilton} | |
| Park Plaza Hotels and Resorts | |
| Inventory | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
| Receivables | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
| Payroll | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
Training & Support |
|
| Training | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |
| Support | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Tru by Hilton | 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 |
| Park Plaza Hotels and Resorts | |
| Canada Expansion | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | 0 |
| International Expansion | |
| Tru by Hilton | |
| Park Plaza Hotels and Resorts | |