Centerstone Inns, Hotels & Plaza Hotels

Centerstone Inns, Hotels & Plaza Hotels

Hotels
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$3.1M - $19.5M
Units as of 2017
7 12.5% over 3 years

Company Overview

About Centerstone Inns, Hotels & Plaza Hotels

Industry
Lodging
Related Categories
Hotels & Motels
Founded
2011
Parent Company
Vimana Franchise Systems LLC
Leadership
Steven Belmonte, CEO

Franchising Overview

Franchising Since
2011 (11 years)
# of employees at HQ
9
Where seeking

This company is seeking new franchisees in the following US states:

This company is seeking new franchisees in the following international regions:

# of Units
7 (as of 2017)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
1 Office Park Cir., #101
Birmingham, AL 35223

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Centerstone Inns, Hotels & Plaza Hotels franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$17,000
Initial Investment
$3,055,760 - $19,473,850
Veteran Incentives
10% off franchise fee
Royalty Fee
2%
Ad Royalty Fee
2%
Term of Agreement
3 years
Is franchise term renewable?
Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Centerstone Inns, Hotels & Plaza Hotels has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training
2 months
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021