Homewood Suites by Hilton

Homewood Suites by Hilton

Upscale extended-stay hotels
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2021 Franchise 500 Rank
#122 Ranked #134 last year
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Initial investment
$12.3M - $26M
Units as of 2020
507 16.6% over 3 years

Company Overview

Homewood Suites by Hilton is part of the portfolio of brands at Hilton Worldwide, which has hotels in more than 90 countries. Other Hilton Worldwide brands include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hampton by Hilton, Hilton Garden Inn, Home2 Suites by Hilton, Curio - A Collection by Hilton, Canopy by Hilton, and Hilton Grand Vacations.

About Homewood Suites by Hilton

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

Franchising Overview

Franchising Since
1988 (33 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, Mexico

# of Units
507 (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 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
$12,346,695 - $25,990,275
Veteran Incentives
Varies
Royalty Fee
3.5-5.5%
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
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
89-92 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?
No
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

Franchise 500 Ranking History

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

Additional Rankings

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

Ranked #122

Franchise 500 Ranking

Ranked #144

Top Global Franchises

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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