avid hotels

Hotels
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2024 Franchise 500 Rank
#386 Not ranked last year
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Initial investment
$9.6M - $145.2M
Units as of 2024
73 Increase 69.8% over 3 years

Company Overview

About avid hotels

Industry Lodging
Related Categories Hotels & Motels
Founded 2017
Parent Company IHG Hotels & Resorts
Leadership Jolyon Bulley, CEO Americas
Corporate Address Three Ravinia Dr., #100
Atlanta, GA 30346
Social Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since 2017 (7 years)
# of employees at HQ 1,711
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises in the following international regions: Canada, Mexico

# of Units 73 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a avid 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 Information Circle
$50,000
Initial Investment Information Circle
$9,622,575 - $145,191,900
Royalty Fee Information Circle
5%
Term of Agreement Information Circle
20 years (average)
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 avid 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.

On-The-Job Training Varies
Classroom Training Varies
Ongoing Support
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National 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? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where avid hotels landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022