Rank no. 117 – Homewood Suites by Hilton – US

Rank no. 117 – Homewood Suites by Hilton – US


Rank no. 117 – Homewood Suites by Hilton – US

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Products & Services: Upscale extended-stay hotels

Number of Locations: 325

Total Investment: $9.81M – 19.54M

Founded: 1988

Began Franchising: 1988

About Homewood Suites by Hilton

Homewood Suites by Hilton is part of the portfolio of brands at Hilton Worldwide, which currently has hotels in 84 countries. Other Hilton Worldwide brands include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hampton Hotels, Hilton Garden Inn, Home2 Suites by Hilton and Hilton Grand Vacations.

Franchise Units

YEAR U.S. CANADIAN INTERNATIONAL COMPANY OWNED
2013 314 10 1 0
2012 268 10 0 38
2011 255 10 0 44
2010 244 9 0 45
2009 224 8 1 44
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $9,818,500 – $19,539,000
Franchise Fee: $75,000
Ongoing Royalty Fee: 3.5-5%
Term of Franchise Agreement: 22 years, renewable
FINANCING TYPE IN-HOUSE THIRD PARTY
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: At Memphis, TN, corporate office : 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #117 (2013), #110 (2012), #109 (2011), #156 (2010), #145 (2009),
Fastest-Growing: #94 (2011), #62 (2010), #92 (2009),
America’s Top Global: #119 (2013), #92 (2012), #92 (2011), #124 (2010), #113 (2009),
Homewood Suites by Hilton
Homewood Suites Logo.svg
Type Franchise
Industry Hotel
Founded 1989
Founder(s) Promus Hotel Corporation
Number of locations 310 hotels, 75 under development
Area served United States, Canada
Parent Hilton Worldwide
Website www.homewoodsuites.com

Homewood Suites by Hilton is an American chain of all-suite residential-style hotels managed by the Hilton Worldwide. As of February 2012, the chain consists of 310 hotels and another 75 under development. Most Homewood Suites hotels are independently owned and operated by franchisees.

Homewood Suites competes in the upscale tier of the extended-stay market, along with Staybridge Suites and Residence Inn by Marriott.

History[edit]

The first Homewood Suites was founded in Omaha, Nebraska in 1989.[1] For the next ten years, the hotel chain was owned byMemphis-based Promus Hotel Corporation, which also owned Embassy SuitesHampton Inn and DoubletreeHilton purchasedPromus in 1999 for $3.1 billion, making Homewood Suites a Hilton brand alongside the other three Promus chains. In 2000, Homewood Suites changed its name to Homewood Suites by Hilton, reflecting the change of ownership that went into effect the year before.

Amenities[edit]

Homewood Suites provides a free hot breakfast and Mondays-Thursdays have a free Welcome Home reception, consisting of draft beers, house wine, soft drinks and a light dinner.

Awards[edit]

Homewood Suites was named “Top Extended-Stay Hotel” in the 2010 J.D. Power & Associates North America Hotel Guest Satisfaction Index and “2011 Extended-stay Hotel Brand of the Year” by Harris Interactive.[2]

Corporate Responsibility[edit]

In 2010, Homewood Suites began a partnership with Books for Kids, a New York City based children’s literacy advocacy group. The two organizations opened a library in July 2010 in Memphis, Tennessee.[3]

Lewis the Duck[edit]

Lewis the Duck is the mascot of Homewood Suites. He is a cartoon characterization of a duck that appears in the brand’s logo and is the central character in Homewood Suites’ children’s book series. Lewis’ signature dress item is a striped red tie.

Lewis the Duck and his family, Lois (wife), Lance (son) and Lisa (daughter), made in appearance in the 2010 Macy’s Thanksgiving Day Parade in the “On the Roll Again” float, a series of wooden pull toys. Homewood Suites was the first hotel brand to be featured in the parade’s history and the Lewis the Duck float will remain in the parade through 2012.