Hyatt House is an upscale, extended stay hotel offering comfortable accommodations for longer-term stays. The franchise provides high-quality lodging with amenities suited for business and leisure travelers.
Key Insights
- Hyatt House developed as an extended-stay hotel concept designed for guests requiring accommodations for several days or weeks, featuring apartment-style suites with full kitchens, separate living areas, and residential amenities that provide comfort and convenience for business travelers and temporary residents.
- The property model includes spacious suites with modern appliances, complimentary breakfast, evening social hours, and recreational facilities, with services designed to support longer stays including grocery shopping services, laundry facilities, and pet-friendly policies that create home-like environments.
- The extended-stay hotel segment benefits from increasing business travel duration, temporary work assignments, and relocation needs, creating demand for properties that can provide residential comfort with hotel services and flexible lease terms for various stay lengths.
Franchise Fee and Costs to Open
Exploring the financial picture of Hyatt House 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 $20,168,455 - $57,134,018, along with a franchise fee of $75,000 - $150,000.
Financial Performance and Revenue
Training and Resources
Hyatt House provides comprehensive training and resources for new franchisees. Initial training typically spans two to three weeks and is conducted at a designated Hyatt corporate location. This program offers in-depth instruction on operational standards and brand best practices. Hyatt House also provides access to ongoing support and resources to aid franchisees in their business endeavors.
Legal Considerations
Legal considerations for a Hyatt House 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 Hyatt House franchise involves navigating a competitive local lodging landscape, where differentiating from established brands and boutique offerings is key. Managing the operational intricacies of extended-stay services, from consistent housekeeping standards to guest amenities, requires robust training and efficient systems. Furthermore, reliance on specific suppliers for food, beverages, and operational goods necessitates careful vendor management to ensure product availability and quality, impacting the guest experience.
Franchise Datasheet
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