Homewood Suites by Hilton
Upscale extended-stay hotelsBackground
Founded: 1988 Franchising since: 1988
Franchisor has 2332 employee(s); 67 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide
|
9336 Civic Center Dr. Beverly Hills, California 90210 |
Phone: (800)286-0645 |
Franchisor has 2332 employee(s); 67 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 224 | 8 | 1 | 44 |
| 2008 | 189 | 7 | 0 | 42 |
| 2007 | 157 | 5 | 0 | 41 |
| 2006 | 132 | 4 | 0 | 42 |
| 2005 | 113 | 2 | 0 | 41 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide
Costs and Fees
|
Total investment: $10.1M-17.8M Franchise fee: $60K+ |
Ongoing royalty fee: 4% Term of agreement: 22 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Net worth requirement: Varies
Cash liquidity requirement: Varies
Business Experience:
- Industry experience
- General business experience
Operations
- Number of employees needed to run franchised unit: 25
- Absentee ownership of franchise is allowed.
Training and Support
Training
Ongoing Support
Marketing Support
- At Memphis, TN, corporate office : 2 weeks
Ongoing Support
- Newsletter
- Meetings
- Toll-free phone line
- Grand opening
- Internet
- Security/safety procedures
- Field operations/evaluations
- Purchasing cooperatives
Marketing Support
- Co-op advertising
- Ad slicks
- National media
- Regional advertising
Rankings
Franchise 500® rank:
#145 (2009); #171 (2008); #156 (2007); #178 (2006); #199 (2005);
Fastest-Growing Franchises:
#92 (2009);
America's Top Global Franchises:
#113 (2009); #142 (2008); #123 (2007); #139 (2006); #141 (2005);
#145 (2009); #171 (2008); #156 (2007); #178 (2006); #199 (2005);
Fastest-Growing Franchises:
#92 (2009);
America's Top Global Franchises:
#113 (2009); #142 (2008); #123 (2007); #139 (2006); #141 (2005);