The vast hospitality industry comprises food, lodging, travel, tourism, and recreation. All of these are interconnected and offer a whole new experience to clients. Hotels are a vital component of this industry and are essential for travelers and tourists. The post-Covid era has seen a surge in patronage too.
If you‘re interested in getting into this sector, consider buying a franchise. Many hotel franchise opportunities are available to willing and qualified franchisees to buy. This is much cheaper than starting your own hotel business from scratch.
Our goal is to help you identify some of the best hotel franchises. With these options, you can determine or choose your most preferred opportunity. Of course, this one would be more fitting to your needs or one you’re most comfortable with.
Hotel Franchise Opportunities
Some of the best hotel franchises include Marriott International, Kampgrounds of America Inc., La Quinta, Super 8, and Hyatt Hotels & Resorts. More opportunities include InterContinental Hotels Group, Hampton by Hilton, Sheraton, Wyndham, Holiday Inn, Econo Lodge, and Ramada.
Other options include Red Roof Inn, Homewood Suites by Hilton, Tru by Hilton, Baikal Alaska, OneGlamping, and Elki House. Let’s briefly discuss each of these opportunities.
i. Marriott International
Since its founding in 1967, the Marriott International brand has steadily risen. This hotel franchise has succeeded in expanding its reputable brands to include names like the Luxury Collection, Marriot Hotels, Westin, The Ritz-Carlton Reserve, and Renaissance Hotels, etc.
i. Kampgrounds of America Inc.
Kampgrounds of America Inc. is also included in our list of hotel franchises due to the nature of its operations. This franchisor mainly specializes in services like campground hire and RV park hire. It started franchising in 1963. Today, Kampgrounds of America has over 500 franchise units across America and Canada.
ii. La Quinta
The investments needed to own a La Quinta franchise are around $452,400 to $11,052,800. This hotel franchise has a global footprint of over 900 hotels. As a veteran, you’d be delighted to know that La Quinta is a proud participant of VetFran. This means you’re likely to have significant discounts as a franchise candidate.
iii. Super 8 by Wyndham
This global franchise has over 2,693 hotels and counting. You need around $221k to $5.5 million in investments to leverage the opportunity presented. It seeks to widen its operations both domestically and internationally. Qualified franchisees are given all the tools and support they need to succeed.
iv. Hyatt Hotels & Resorts
Hyatt enters into fully collaborative and personalized relationships with its owners and developers. If you love the Hyatt brand, you may be interested in taking things further by investing in the opportunity. Its professionalism and speed of response make the brand an attractive investment option.
v. InterContinental Hotels Group
Buying a significant hotel franchise like InterContinental will require an investment range of $76,741,115 to $111,703,605. The InterContinental Hotels Group has over 203 franchise enterprises, 23 of which are in the United States. It wishes to expand to new territories both domestically and internationally.
vi. Hampton by Hilton
Hampton by Hilton is an upper-midscale hotel franchise opportunity with financial requirements of $12.3 to $22.8 million. It currently has over 2,824 units which represents a growth of 13.4% over the last three years. The term of the agreement for this opportunity is 22 years which is also renewable.
With a presence in over 72 countries, Sheraton is one of the most recognizable hotel brands. This makes it all the more exciting for investors seeking to join the Sheraton brand. The investment required is around $883,500 to $75,178,500. The initial franchise term is for 20 years.
Wyndham is one of the most recognizable hotel brands, with over 9,100 hotels spread across 95 countries. With its diverse (24) portfolio of brands, it’s not difficult to see why this investment opportunity is attractive. There are many reasons to join this iconic brand.
These include access to its superior technology, global strength, robust partnership and support, marketing sales, and Wyndham rewards.
ix. Holiday Inn
Holiday Inn is a group of hotels with a globally recognized brand. Since franchising in 1954, Holiday Inn has grown its units to about 4,250. This represents a growth of 5.0% over the last three years. You’ll need an investment of $10.1 to $22.3 million to buy the Holiday Inn franchise.
x. Econo Lodge
The investment needed to own an Econo Lodge Hotel is around $2,000,000. As its franchisee, you get to enjoy support covering critical areas of operation like marketing, competition, guest relations, building your hotel, reservations, staffing management, budgeting, and procedures.
Ramada by Wyndham is one hotel company that launched its franchising arm in 1990. With over 800 units spread worldwide, Ramada seeks to add to this number by offering franchise opportunities to willing and qualified investors. It has a renewable franchise term of 20 years.
xii. Red Roof
This is a hotel franchise with a variety of properties for every traveler. These range from economy to upper midscale. Its brand portfolio includes Red Roof Inn, Red Roof Plus+, Home Towne Studios, and the Red Collection. With this franchisor, you get to enjoy genuine relationships and actual results.
xiii. Homewood Suites by Hilton
Homewood Suites by Hilton provides upscale extended-stay hotels and the chance to join its franchise for an investment of $20.3 to $30.1 million. It currently has over 534 franchise units and plans on growing its outlets in new locations. It has a franchise agreement term of 22 years which can be renewed.
xiv. Tru by Hilton
This midscale hotel group was founded in 2015 and began franchising a year later. It offers its partnership opportunities, with its franchise opportunity going for $11.6 to $17 million. Today, the franchise has grown to around 222 units.
xv. Baikal Alaska
The Park Hotel Baikal-Alaska is another hotel franchise opportunity you can go for. It’s a low-cost option that can go for $26,000. Here, its business model contains varying options like the standard room and investor.
While there are many hotel franchises available, we’ve decided to focus on these due to time constraints. You can explore further to know what the other options are. You’re always at liberty to choose your preferred hotel franchise option. Your financial preparedness will determine what choice you go for.