Palace Inn operates limited-service accommodations under the Red Palace Inn brand or mid-priced lodging with modern amenities under the Blue Palace Inn brand. The franchise caters to budget-conscious and value-seeking travelers.
Key Insights
- Palace Inn developed through years of hands-on experience that revealed specific opportunities for improvement within the industry, resulting in innovative solutions that address common challenges while creating new possibilities for growth and customer satisfaction.
- Service standards emphasize personalized attention and genuine hospitality while maintaining operational efficiency in check-in procedures, guest services, and facility management, creating welcoming environments that make visitors feel valued and comfortable throughout their stay.
- Consumer education and awareness drive increasing demand for higher quality and more specialized service options, benefiting businesses that can demonstrate expertise, reliability, and value while building trust through consistent performance and professional service delivery.
Franchise Fee and Costs to Open
Exploring the financial picture of Palace Inn 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 $3,011,200 - $5,291,900, along with a franchise fee of $15,000 - $25,000.
Financial Performance and Revenue
Training and Resources
Palace Inn provides comprehensive initial training. This program, lasting two weeks, is conducted at Palace Inn’s corporate headquarters. The franchisor offers ongoing support and resources. They also provide guidance on operational best practices, recommending effective systems for managing the business.
Legal Considerations
Legal considerations for a Palace Inn franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Palace Inn franchise may present considerations such as navigating the local competitive landscape for lodging, managing day-to-day operational complexities across staffing and guest services, and ensuring consistent availability within specific supply chains for amenities and maintenance. These elements require ongoing attention for successful business execution.
Franchise Datasheet
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