Lodging
If hospitality is you game, then the hotel business is the way to go..
Days Inns
According to Entrepreneur.com, Days Inns was started by Cecil B. Day of Tybee Island , Georgia in 1970. Since then, Days Inns Worldwide has grown into a network of nearly 2,000 franchised hotels located near airports, large cities and resorts worldwide.
Days Inns is a subsidiary of Cendant Corporation and has locations throughout the U.S. as well as worldwide.
If you want to buy a Days Inns franchise, you should expect to invest a total of $339,700 to 5.7 million. The franchise fees vary and there is a royalty fee of 5%. There may also be a reservation fee as well if the hotel has a computerized reservation system, and most do.
Days Inns also offers financing for startup costs, equipment, inventory, account receivable and payroll.
Choice Hotels
The Choice Hotel franchise includes, Comfort Inn, Comfort Suites, Clarian, Econolodge, Rodeway Inn, Quality, Sleep Inn, Cambria Suites, Mainstay Suites and Suburban.
Choice Hotels was started by a group of Southern motel owners who got together in 1939 to discuss the state of the lodging industry, according to TheFranchiseMall.com, hoping to do something to change the negative opinion the public had about motels due to J. Edgar Hoover, FBI Director of the time, warning the public that motels were used as bases of operations by gangsters.
In 1940, the group officially named itself Quality Courts United Inc. In 1990, Quality became known as Choice Hotels International Inc.
To buy one of the hotels in the Choice Chain, you should expect a total investment of $4,000.000 to $10,000.000 and pay a franchise fee of $25,000 to $60,000. Royalty fees are 3.5% to 5.3%.
Marriott Hotel Franchise doing business as Courtyard by Marriott
Marriott International Inc is a leading worldwide hospitality company. Its history can be traced to a root beer stand, which opened in Washington D.C. in 1927 by J. Willard and Alice S. Marriott. Today, Marriott International has more than 2,600 lodging properties located in the U.S. and 65 other countries and territories, according to gaebler.com/Courtyard-By-Marriott.htm.
To buy a Marriott Hotel, expect to invest anywhere from $5 million to $7million of total investments and pay a franchise fee of between $50,000 to $80,000.
Lodging franchises are probably the most expensive of any franchise you may want to buy.
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