Homewood Suites by Hilton
Homewood Suites by Hilton
9336 Civic Center Dr.
Beverly Hills, CA 90210
800#: (800) 286-0645
Tel: (310) 278-4321
Fax: (310) 205-7655
E-Mail: [email protected]
Web Site: www.homewoodfranchise.com
Contact: Mr. Bill Fortier, SVP Franchise Development
Spacious and comfortable living quarters combining the amenities of a full-service hotel with the comforts of home-all at the price of a quality, traditional 1-room hotel. HOMEWOOD SUITES is one of the top brands in the upscale extended stay market, which is fast becoming the industry's fastest-growing segment. In a category where demand runs 6 times higher than supply, HOMEWOOD is solidly positioned for future growth. We have an improved prototype to help you build or convert to a HOMEWOOD SUITES.
Franchisor Background
Established: 1988
First Franchise: 1988
Franchise Units: 122
Company-Owned Units: 42
Total Units: 164
Distribution:
U.S. -- 162;
Canada -- 2;
International -- 0
-North America -- Operations in 38 States, 2 Provinces
-States/Provinces with Greatest Density: 28 in TX, 14 in FL, 10 in OH
Projected New Units Over Next 12 months: NR
Franchisee Qualifications: 5, 5, 5, 3, 1, 3
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 25 FT (FT = Full Time, PT = Part Time)
Space Needs: 110,000 SF; FS
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $Varies
Total Investment: $9-14.4MM
Average Total Investment: $11,700.0K
Minimum Net Worth: $40K/Rm.
Fees:
-Franchise: $60K Min.
-Average Franchise Fee: $60.0K
-Royalty: 4% Gross Rm. Rev
-Average Royalty: 4.0%
-Advertising: 4% GrRmRev
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 22/10-20
Passive Ownership: Allowed
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: No
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 2,332
On-Going Support: b,C,D,E,G,I (Click here for an explanation)
Training: 2 Weeks in Memphis, TN.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: Mexico, Latin America.
Note: NR = No Response by Franchisor.
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