Homewood Suites by Hilton
#66 Franchise 500| Upscale extended-stay hotels

Homewood Suites by Hilton
Upscale extended-stay hotels

About
Founded

1988

Franchising Since

1988 (30 Years)

Corporate Address

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

CEO

Christopher Nassetta

Parent Company

Hilton Worldwide

Ticker Symbol

HLT

Financial Requirements
Initial Investment

$11,047,200 - $22,076,650

Ongoing Fees
Initial Franchise Fee

$75,000 - $75,000

Ongoing Royalty Fee

3.5-5.5%

Ad Royalty Fee

3.5%

Financing Options

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

Veteran Incentives

Varies

Support Options
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

On-The-Job Training:

1 hour

Classroom Training:

Varies

Additional Training:

At Memphis, TN, corporate office

Absentee Ownership Allowed
Number of Employees Required to Run:

25

Homewood Suites by Hilton is ranked #66 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $11,047,200 High - $22,076,650
Units
+9.0%+36 UNITS (1 Year) +25.7%+89 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada, Mexico
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

The Never Changing Principles of Franchising

Since the birth of the franchising model, there have been certain never changing constants, the Principles of Franchising

Here Is The A to Z Of Franchising Business You Need To Know

Want to venture into franchising business? First, familiarize yourself with A to Z of Franchising

As Restaurant Chains End 'No-Poach' Policies, How Will Franchisees Retain Trained Employees?

To manage turnover, restaurant franchisees need to identify strategies to improve employee engagement.

Experts Point out The Important Reasons Why Restaurant Franchises Fail

The industry which was valued at USD 39.71 billion in 2017 is set for a huge growth and by the end of 2018, at a CAGR of 11%, will touch USD 65.4 billion

Why do Education Franchises Need to Reinvent Themselves?

Education is much more than just mugging up the syllabus and learning what's there in the course

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: August 29th, 2018
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.