- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$13.4M - $36.3M
- Units as of 2024
-
235 15.8% over 3 years
Company Overview
About Aloft Hotels
Business Overview
Franchising Since | 2006 (18 years) |
---|---|
# of employees at HQ | 6,000 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 235 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Aloft 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
|
$75,000 |
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Initial Investment
|
$13,363,710 - $36,261,810 |
Royalty Fee
|
5.5% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
20 years |
Is franchise term renewable? | No |
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 | Aloft Hotels has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | Varies |
---|---|
Classroom Training | Varies |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
Field Operations
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? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
No |
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