DoubleTree by Hilton is a hotel chain offering a variety of amenities such as fitness centers and business services. The franchise provides upscale accommodations for both leisure and business travelers.
Key Insights
- The DoubleTree by Hilton brand emerged from a vision to offer travelers a warm welcome, evolving into a global network of hotels renowned for its signature chocolate chip cookie and commitment to guest comfort. The business has a long-standing presence in the hospitality sector, building a reputation for consistent service and amenities across its locations.
- Operating as part of the Hilton portfolio, the franchise provides a framework for property owners to leverage a recognized brand name and a comprehensive support system. This includes access to booking channels, marketing strategies, and operational guidelines designed to enhance guest satisfaction and drive business performance within the hotel sector.
- The hospitality industry encompasses a wide range of services, from lodging and dining to event hosting. DoubleTree by Hilton participates in this dynamic market, catering to both leisure and business travelers seeking reliable accommodations and a consistent brand experience. The business functions within this broad and competitive landscape.
Franchise Fee and Costs to Open
Exploring the financial picture of DoubleTree by Hilton gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $30,550,859 - $105,638,829, along with a franchise fee of $85,000 - $85,000.
Financial Performance and Revenue
Yearly gross sales of $4,803,150 and estimated earnings of $720,473 - $960,630 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 82.5-84.5 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
DoubleTree by Hilton provides comprehensive training for new franchisees. This initial program offers extensive operational guidance and brand standards. The training lasts for four weeks and is conducted at Hilton's Global Training facility in Memphis, Tennessee. This immersive experience equips franchisees with the knowledge to successfully operate their DoubleTree by Hilton hotel. Resources are readily available throughout their franchise journey.
Legal Considerations
Legal considerations for a DoubleTree by Hilton franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a DoubleTree by Hilton franchise involves navigating a competitive local market, demanding rigorous adherence to brand standards for a consistent guest experience, and managing intricate daily operations. Potential franchisees will need to consider how to effectively source reliable supplies to maintain service levels and address the ongoing need to adapt to evolving guest expectations within their specific location.
Franchise Datasheet
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