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General

Industry

Travel and Hospitality

Category

Lodging

Works with Franchise Brokers

No

Year of Founding

2019

Fees

Marketing Fee

NA

Royalty Fee

7%

Franchise Fee

$100,000-$150,000

Investment Range

$33.28M-$193.57M

Location units

Total U.S. Locations

16

U.S. Franchised Units

1

U.S. Corporate Units

15

Headquarters (City)

Chicago

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2019

Issuance of FDD Data

03/28/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$33.28M-$193.57M

Franchise Fee

$100,000-$150,000

What to know about Destination by Hyatt franchise?

Destination is a collection of unique hotels, resorts and lodges with locations all over the world, including the United States. Each Destination hotel is designed to offer guests a sense of place, culture and community. They offer a variety of accommodations, from luxury suites to more rustic lodges, all with an emphasis on providing guests with a unique and memorable experience. In addition to their hotel locations, they also grant a number of other services and amenities, including a full-service spa, golf course, fitness center and restaurants. They also have a variety of events and activities for guests to enjoy. Destination provides their franchisees with a comprehensive training program, support system, and marketing resources to ensure their success.

Destination by Hyatt is based in Chicago, IL. Scroll down to learn more!

How much does a Destination by Hyatt franchise cost?

Are you wondering how much is a Destination by Hyatt franchise? Before starting a Destination by Hyatt 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 Destination by Hyatt franchise is $33,275,950 and can go all the way up to $193,570,950. Keep in mind, you should also allocate additional funds to live off of while the Destination by Hyatt 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 Destination by Hyatt franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Destination by Hyatt business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Destination by Hyatt franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Destination by Hyatt. Hotels to the Lodging, Outdoor Travel and Hospitality industry.

Additional Details

How much does a Destination by Hyatt franchise owner make?

Destination by Hyatt franchise earnings and revenue can vary significantly from one franchisee to another.
The Destination by Hyatt franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Destination by Hyatt unfortunately does not disclose financials on how much Destination by Hyatt franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Destination by Hyatt does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Destination by Hyatt franchisees. Do note that Destination by Hyatt is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Destination by Hyatt franchisees to understand how much money they are making from their Destination by Hyatt business.

You should also speak to former Destination by Hyatt franchisees to understand why they left the system. Did they sell their Destination by Hyatt at a profit? Were they forced to close their Destination by Hyatt franchise down because it kept losing money?

What is the Destination by Hyatt franchise fee?

Owning a Destination by Hyatt franchise requires 7% royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Destination by Hyatt Franchise Disclosure Document

Keep in mind, there is also an initial Destination by Hyatt franchise fee of $100,000 that is included in the initial investment amount of $33,275,950 to $193,570,950. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Destination by Hyatt franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Destination by Hyatt franchise fee of $100,000.

Visit the Destination by Hyatt metrics tab to explore the financials for this business, royalty and marketing fees compare to other Travel and Hospitality franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Destination by Hyatt founded?

Destination by Hyatt started offering franchises in 2019. Destination by Hyatt was founded 3 years ago in 2019.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Destination by Hyatt locations are in the U.S.?

As of 2022, there were 1 locations across the U.S. There are also 15 corporate locations. Most Travel and Hospitality franchises like Destination by Hyatt have more franchised locations than corporate locations.

How many Destination by Hyatt franchises opened over the past few years?

Over the prior 3 years we have data for, Destination by Hyatt has opened 1 outlets throughout the U.S. Visit the Destination by Hyatt metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

How many Destination by Hyatt franchises closed over the past few years?

Over the prior 3 years we have data for, Destination by Hyatt has closed 0 outlets throughout the U.S

Visit the Destination by Hyatt metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

Is Destination by Hyatt growing? Are they opening more locations than they are closing?

The net unit growth rate for Destination by Hyatt over the past 3 years is 0%. Over the last year we have data for, Destination by Hyatt had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Destination by Hyatt growth rate compares to 2,000+ other franchises and Industry franchises like Destination by Hyatt. More info in the Destination by Hyatt metrics tab.

Is Destination by Hyatt franchise eligible for an SBA Loan?

Destination by Hyatt is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Destination by Hyatt franchise was assigned the SBA Franchise ID of S5265 on 04/22/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Destination by Hyatt that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Destination by Hyatt a franchise in the United States?

According to the SBA, Destination by Hyatt meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Destination by Hyatt provides you with an FDD if you are in discussion to buy a Destination by Hyatt.

What is the Destination by Hyatt Franchise for Sale Rate?

The Destination by Hyatt systemwide health and franchisee satisfaction can be measured by the Destination by Hyattfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Destination by Hyatt franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Destination by Hyatt had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Destination by Hyatt franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Destination by Hyatt. More info in the Destination by Hyatt metrics tab.

What is the Destination by Hyatt Franchise Failure Rate?

Destination by Hyatt franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Destination by Hyatt failure rate over the past 3 years is 0%. Over the last year we have data for, Destination by Hyatt had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Destination by Hyatt franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Destination by Hyatt. More info in the Destination by Hyatt metrics tab.

How can I find out more details on Destination by Hyatt franchise?

Visit the Destination by Hyatt metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Destination by Hyatt

$113,423,450

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Destination by Hyatt

7%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Destination by Hyatt

$125,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Travel and Hospitality

Category

Lodging

Works with Franchise Brokers

No

Year of Founding

2019

Fees

Marketing Fee

NA

Royalty Fee

7%

Franchise Fee

$100,000-$150,000

Investment Range

$33.28M-$193.57M

Location units

Total U.S. Locations

16

U.S. Franchised Units

1

U.S. Corporate Units

15

Headquarters (City)

Chicago

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2019

Issuance of FDD Data

03/28/2022

Detailed Franchise metrics for Destination by Hyatt

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Destination by Hyatt below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Destination by Hyatt

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Destination by Hyatt

NA

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Destination by Hyatt

NA

0%

Industry median

All franchises median

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Business details

Website

http://www.hyatt.com/

Business email

i**********@hyatt.com

Mailing address

150 North Riverside Plaza

State headquarters

Illinois

Contact Name

Destination by Hyatt

Phone

+1 (000) 0********00

City

Chicago

Zip code

60606
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