Hyatt Studios is an upper-midscale, extended stay hotel offering quality accommodations with trusted hospitality. The franchise serves guests seeking a comfortable, long-term stay supported by Hyatt's brand reputation.
Key Insights
- Hyatt Studios began with a strategic focus on creating sustainable business practices that benefit all stakeholders, including customers, franchisees, and communities, while establishing systems that support long-term growth and operational excellence across multiple markets.
- Operational efficiency streamlines processes and reduces costs while maintaining the quality and attention to detail that builds reputation and customer satisfaction, utilizing technology and proven methods to maximize value while ensuring consistent service delivery.
- Market consolidation trends benefit established brands with proven systems and operational expertise, creating opportunities for growth and expansion while rewarding businesses that have demonstrated consistent quality and customer satisfaction over time.
Franchise Fee and Costs to Open
Exploring the financial picture of Hyatt Studios 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 $12,188,106 - $21,863,907, along with a franchise fee of $50,000 - $100,000.
Financial Performance and Revenue
Training and Resources
1-800-Textiles provides comprehensive training. Initial training lasts two weeks and is conducted at our corporate headquarters. We offer resources for operational setup and business development. 1-800-Textiles recommends utilizing provided marketing materials to establish your brand. The franchisor also offers ongoing support and access to a network of experienced franchisees.
Legal Considerations
Legal considerations for a Hyatt Studios 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
A franchisee might consider the local textile market's existing landscape. Understanding the demand for specific textile products and services within the territory is key. The operational aspect of managing inventory and fulfilling orders requires attention. Additionally, reliance on the franchisor's established supply chain for materials warrants consideration.
Franchise Datasheet
FAQs
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