Hyatt Place

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What to know about Hyatt Place franchise? The franchise offered is to operate an upscale, select service Hyatt Place Hotel. Hyatt Place is based in Chicago, IL. Scroll down to learn more!How much does a Hyatt Place franchise cost?Are you wondering how much is a Hyatt Place franchise? Before starting a Hyatt Place franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Hyatt Place franchise is $16,665,875 and can go all the way up to $37,622,250. Keep in mind, you should also allocate additional funds to live off of while the Hyatt Place business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Hyatt Place franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Hyatt Place business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Hyatt Place franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.