Homewood Suites

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What to know about Homewood Suites franchise? Homewood Suites is part of Hilton Worldwide and offers all-suite hotels for business and leisure travelers. All Homewood Suites offer full kitchens in every suite, complimentary daily hot breakfast, and complimentary evening dinner and social Monday - Thursday evenings. Other amenities include a fitness center, swimming pool, business center, and laundry facilities. Homewood Suites provides travelers with a comfortable home away from home while on the road. You will operate a high quality Homewood Suites by Hilton hotel featuring suites at moderate prices under a Franchise Agreement with them. The Homewood Suites brand was established in 1989 and currently has multiple locations worldwide. The brand is dedicated to providing quality accommodations and amenities to their guests. When you open a Homewood Suites hotel, you will join a brand with over 25 years of experience in the industry. You will benefit from their expertise in hotel management and operations. In addition, you will have access to their powerful reservation system and global sales network. These resources will help you maximize your hotel's potential. Homewood Suites is based in McLean, VA. Scroll down to learn more!How much does a Homewood Suites franchise cost?Are you wondering how much is a Homewood Suites franchise? Before starting a Homewood Suites 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 Homewood Suites franchise is $20,276,671 and can go all the way up to $30,054,220. Keep in mind, you should also allocate additional funds to live off of while the Homewood Suites 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 Homewood Suites franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Homewood Suites business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Homewood Suites franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.