HVS introduced the discharge of the 2023 U.S. Lodge Franchise Price Information, a survey that gives a comparative evaluate of assorted lodge manufacturers primarily based on their relevant charges. This information permits lodge traders and homeowners to simply evaluate the full price of a model affiliation in opposition to the full price of such a dedication.
“Lodge franchise charges are the compensation paid to the franchises for the usage of the chain’s identify, emblem, identification, picture, goodwill, procedures and controls, advertising and marketing, and referral and reservation techniques,” explains Rod Clough, President of HVS Americas. “An affiliation with a franchise creates sure advantages and prices for each the proprietor and the chain. Supplied with the data on the relative prices of assorted franchise price choices, an proprietor can decide the general price of an affiliation, and immediately evaluate the estimated prices of various franchises, which may range dramatically between manufacturers.”
The research is authored by trade specialists and is predicated on intensive analysis and evaluation of the lodge franchising trade. A complete of 91 lodge manufacturers, together with 20 economic system, 30 midscale, 19 upper-midscale, 21 upscale, and 18 first-class franchisors, participated within the 2023 evaluation. The findings spotlight the significance of partnering with the correct franchise firm. It’s a vital useful resource for anybody desirous about investing within the lodge trade or trying to develop their present portfolio.
“The objective of our information is to offer a complete useful resource that may assist traders make knowledgeable choices and maximize their returns,” says Neil Flavin, Chief Operations Officer of the Asset Administration & Advisory division of HVS, who oversaw the research with Assistant Vice President Robert Fitzpatrick. Flavin continues, “The number of an acceptable franchise affiliation impacts a property’s skill to compete within the native market, generate income, obtain a sure picture or market orientation, and profit from referral enterprise. Resorts are difficult investments. Deciding on an acceptable franchise affiliation for a property entails exhaustive analysis.”
HVS has intensive expertise with aiding shoppers in choosing the suitable franchise for his or her proposed or present lodges. Our providers additionally embody aiding with or managing the negotiations in coordination with skilled attorneys and different trade professionals.
For extra details about the research or to buy a replica, please go to our web site at hvs.com/indepth or contact Robert Fitzpatrick immediately.