Home2 Suites by Hilton

Home2 Suites by Hilton

Midprice extended-stay hotels
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2021 Franchise 500 Rank
#43 Ranked #113 last year
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Initial investment
$9.1M - $17.5M
Units as of 2020
411 155.3% over 3 years

Company Overview

Home2Suites by Hilton is an all-suite extended-stay hotel brand from Hilton Worldwide. Amenities include complimentary breakfast, laundry and fitness areas, WiFi access and a 24-hour business center.

About Home2 Suites by Hilton

Industry
Lodging
Related Categories
Hotels & Motels
Founded
2008
Parent Company
Hilton
Leadership
Christopher Nassetta, CEO
Ticker Symbol
HLT

Franchising Overview

Franchising Since
2009 (12 years)
# of employees at HQ
7,332
Where seeking

This company is seeking new franchisees throughout the US.

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

# of Units
411 (as of 2020)

Franchisor Information

Corporate Address
7930 Jones Branch Dr., #1100
McLean, VA 22102

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Home2 Suites by Hilton 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
Initial Investment
$9,111,295 - $17,474,775
Veteran Incentives
Varies
Royalty Fee
5%
Ad Royalty Fee
3.5%
Term of Agreement
22 years
Is franchise term renewable?
Yes

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
Home2 Suites by Hilton 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
1 hour
Classroom Training
159-174 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
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?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
30
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Home2 Suites by Hilton landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Home2 Suites by Hilton ranked on other franchise lists? Find out below.

Ranked #43

Franchise 500 Ranking

Ranked #36

Fastest-Growing Franchises

Ranked #29

Fastest-Growing Franchises (U.S. & Canada)

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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