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Home > Franchises > Homewood Suites by Hilton
Homewood Suites by Hilton
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else.
Homewood Suites by Hilton was founded in 1988 and started franchising in 1988. For almost 90 years, the Hilton Family has been offering the business and leisure traveler worldwide the very finest in accommodations, service, amenities and value. Hilton Hotels Corporation is recognized around the world as a finest lodging hospitality company, offering guests and customers the finest accommodations, services, amenities and value for business or leisure.
The Hilton brand has more than 80 years, been synonymous with excellence in the hospitality industry; their acquisition in 1999 of Promus Hotel Corporation expanded their family of brands to include such well-known and highly respected brand names as Hampton Inn, Doubletree, Embassy Suites Hotels, and Homewood Suites by Hilton. Through ownership of some of the most recognized hotels in the world and their newly enhanced brand portfolio, Hilton is now able to offer guests the widest possible variety of hotel experiences, including four-star city center hotels, convention properties, all-suite hotels, extended stay, mid-priced focused service, destination resorts, vacation ownership, airport hotels and conference centers.
They provide good service include fashionable extended stay hotels. The costs and fees include total investment of $900,000 to 144000, franchise fee is $60000 plus, ongoing royalty fee is 4 percent and Term of agreement is 20 years, renewable, renewal fee is same as initial fee. The company’s ranking according to Entrepreneur magazine 2002-2006, rank 178 in 2006, 199 in 2005, 239 in 2004, 189 in 2003, 215 in 2002, in America's Top Global Franchises ranks 139 in 2006, 141 in 2005, 154 in 2004.
As one of their franchisees, you will enjoy a network of committed service and support designed to help you operate as efficiently as possible. And with their recent achievement of Hilton International, Hilton Hotels Corporation is now one of the world’s biggest and most geographically diverse hotel companies. Investing in Homewood Suites by Hilton gives you the chance to capture your own piece of one of the fastest growing segments in the hotel industry.
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