Homewood Suites by Hilton

Homewood Suites by Hilton

Upscale extended-stay hotels
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2022 Franchise 500 Rank
#85 Ranked #122 last year
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Initial investment
$17.7M - $26.3M
Units as of 2021
521 11.3% over 3 years

Here’s what you need to know if you’re interested in opening a Homewood Suites by Hilton franchise.

Homewood Suites by Hilton is an upscale, all-suite, extended-stay hotel with more than 500 locations. They're strategically distributed across the U.S., Mexico, and Canada. Homewood Suites by Hilton has more than 57,000 rooms, mostly franchised and operated by independent franchisees. The hotel chain continues to seek to expand operations worldwide.

Franchising since 1988, Homewood Suites by Hilton is an award-winning leader of the hotel industry, providing guests with comfortable accommodations and all the essential amenities. They offer free internet, breakfast, and evening socials. As a Homewood Suites by Hilton franchisee, you'll be part of the Hilton Worldwide family. 

Other Hilton-operated brands include Waldorf Astoria Hotels & Resorts, Hilton Hotel Resort, DoubleTree by Hilton, Hampton by Hilton, the Hilton Home2 Suites, and more. For more than 30 years, Hilton hotels have established a presence in over 90 countries worldwide.

Why You May Want to Start a Homewood Suites by Hilton Franchise

As a Homewood Suites by Hilton franchisee, you may get an opportunity to shape one of the hotel industry's more well-known sectors. As you build a name for your franchise, you may earn a coveted spot in the extended-stay market with the Hilton brand's full support.

Running a Homewood Suites by Hilton hotel is more than simply running a basic place for customers to stay. Instead, more so, you are forming a relationship with the whole Hilton family of hotels. The Hilton name has several critical advantages, including a warm and welcoming corporate staff. They strive to offer a streamlined central reservations system, third-party financing support, and a top-notch Hilton Honors guest reward program. In addition, being a Homewood Suites by Hilton franchisee gives you a role in the company's ongoing advocacies, including a partnership with the New York-based Books for Kids program, which promotes child literacy. 

What Might Make Opening a Homewood Suites by Hilton Franchise a Good Choice?

Many times in the past few decades, Homewood Suites by Hilton has been ranked in Entrepreneur’s Franchise 500. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

Other benefits to being a Homewood Suites by Hilton franchisee include training and ongoing support from the Hilton brand. This may manifest in design and construction support while building cutting-edge technology, quality assurance, and branding teams. You'll also get business reports and a franchise location website.

How To Open a Homewood Suites by Hilton Franchise?

To be part of the Homewood Suites by Hilton team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, ongoing fees will include advertising, royalty, or renewal fees.

To begin the process of opening a Homewood Suites by Hilton franchise, submit an inquiry form. But before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions directed to the Homewood Suites by Hilton team. If you match the brand’s requirements, you may qualify to open a Homewood Suites by Hilton franchise.

After you sign the contract, you will likely go through training and other preparations before opening your Homewood Suites by Hilton franchise to your first guests.

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Company Overview

About Homewood Suites by Hilton

Industry
Lodging
Related Categories
Hotels & Motels
Founded
1988
Parent Company
Hilton
Leadership
Christopher Nassetta, CEO

Franchising Overview

Franchising Since
1988 (34 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: Central America, Canada, South America, Mexico

# of Units
521 (as of 2021)

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 Homewood 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
$17,707,945 - $26,344,868
Veteran Incentives
Varies
Royalty Fee
3.5-5.5%
Ad Royalty Fee
3.5%
Term of Agreement
22 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
Homewood 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
176-184 hours
Additional Training
At Memphis, TN, corporate office
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?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
25
Are exclusive territories available?
No
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Franchise 500 Ranking History

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

Stock History for Homewood Suites by Hilton

Ticker Symbol for Homewood Suites by Hilton: HLT

Additional Rankings

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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