|
The Homewood Suites by Hilton brand offers spacious suites and home-like amenities, including an on-site Suite Shop® convenience store, complimentary grocery shopping services (guests pay for groceries), a complete business center, and laundry services at most locations. The innovative brand is a guest favorite among both business and leisure travelers, consistently taking the top spot on key satisfaction studies. Homewood Suites by Hilton is part of Hilton Hotels Corporation, the leading global hospitality company with more than 3,000 hotels and 500,000 rooms in 74 countries and territories, with more than 135,000 team members worldwide. The company owns, manages or franchises some of the best known and highly regarded hotel brands including Hilton®, Conrad® Hotels & Resorts, Doubletree®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Hilton Garden Inn®, Hilton Grand Vacations™, Homewood Suites by Hilton®, the Waldorf Astoria™ and the Waldorf Astoria Collection™, as well as the recently launched Home2 Suites by Hilton™.
Franchisor Background
Year Established: 1988
Franchising Since: 1988
Operating Units: |
| Franchised Units: | 231 | | 84.3% | | |
| Company-Owned Units: | 43 | | 15.7% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 274 | | 100% | | |
| |
Geographic Distribution: |
| U.S.: | 265 | | 96.7% | | In 42 States |
| Canada: | 8 | | 2.9% | | In 2 Canadian Provinces |
| International: | 1 | | 0.4% | | In 1 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 274 | | 100% | | |
| |
North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. Texas | 38 | | 2. Florida | 24 | | 3. California | 17 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia, Alberta
Financial Requirements
Investment: |
| Minimum Net Worth: | $50K/Rm. |
| Cash Investment: | $60K |
| Total Investment: | $10.1-17.8MM |
| Average Total Investment: | $10600K |
| |
Fees: |
| Initial Franchise Fee: | $60K Min. |
| Average Franchise Fee: | $60K |
| On-Going Royalty: | 4% Gross Rm. Rev |
| Average Royalty: | 4% |
| Advertising Fee: | 4% GrRmRev |
Average Number of Employees: 25 Full-time, 0 Part-time
Space Needs (in square footage): 110,000
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | No |
| Size of Corporate Staff: | 2332 |
| Site Selection Assistance? | No |
| Lease Negotiation Assistance? | Yes |
| Financial Assistance? | Yes, Indirect |
| |
Marketing Support: |
| Co-Op Advertising: | Yes |
| National Advertising: | No |
| Regional Advertising: | No |
| Local Advertising: | No |
| Marketing Materials: | None Specified |
| Additional Services: | None Specified |
| Other Marketing Support: | None Specified |
| |
On-Going Support: |
| Central Data Processing: | Not Applicable |
| Central Purchasing: | Not Applicable |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Included in Fees |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Included in Fees |
| Regional or National Meetings: | At Additional Cost |
| 800 Telephone Hotline: | Included in Fees |
| |
Training: |
| 1. Memphis, TN | 2 Weeks |
|
|
Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
| |
| Financial Net Worth: | 5 |
| General Business Experience: | 5 |
| Specific Industry Experience: | 5 |
| Formal Education: | 3 |
| Psychological Profile: | 1 |
| Personal Interview(s): | 3 |
| |
| |
Minority Representation
Units Owned by Minorities: |
| African-American: | 7 |
| Asian-American: | N/A |
| Hispanic: | N/A |
| Native American: | N/A |
| Other: | N/A |
| Specific Minority: | Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time. |
| |
| |
Terms of Contract
| Term of Initial Contract: | 22 Year(s) |
| Term of Renewal Period: | 10-20 Year(s) |
| Passive Ownership: | Allowed |
| Area Development Agreements? | No |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months:
| U.S.: | Yes, All United States |
| Canada: | Yes, All Canada |
| Overseas: | Yes, Mexico, Latin America, Europe, Asia, All Countries |
|
Franchise News