Franchimp Summary Rating
Higher than 51% of peers
Franchise Summary
Description
The franchisee will establish and operate a Fairfield by Marriott select-service hotel.
Company Background
Fairfield by Marriott is a select-service hotel with an emphasis on product and service. The company is dedicated to the development of communities through the building of hotels in desirable locations where travelers can stay, work, and play. Their mission statement includes providing "a memorable experience for every guest."
Franchise Opportunity
The hotel industry is highly competitive, but Fairfield by Marriott has a solution to this problem. With an average of $1 million in sales per year, Fairfield hotels are the best-performing select-service hotels on the market today. By joining the family of more than 200 successful franchisees across North America, you can join in on this success. You will have access to an established brand and proven system that will help you open your first hotel quickly and easily while enjoying an attractive return on investment.
Corporate Structure
Marriott International, Inc. was incorporated under the laws of the State of Delaware in 1997. Their principal business address, and the principal business address of most of their affiliates, including MIF, is 10400 Fernwood Road, Bethesda, Maryland 20817.
Franchise Types Available
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Management Team
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Distribution of Fairfield by Marriott Franchisees
Fairfield by Marriott Franchise System Development in 2022
FAQ
How much investment do I need to start my own Fairfield by Marriott business?
Franchisees typically require at least $11 to $24 investment to get their Fairfield by Marriott business started
What are the initial franchise fees for Fairfield by Marriott?
Franchisees typically need to pay at least $141 in fees directly to Fairfield by Marriott in order to earn the right to launch their business
How much money can I make with a Fairfield by Marriott franchise? What are
the average revenues for a typical Fairfield by Marriott business?
We haven’t done the math on how much revenue a typical
Fairfield by Marriott brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$882,894 revenue, so we would expect
Fairfield by Marriott to generate a similar amount
How long do I need to commit to running a Fairfield by Marriott unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$11,130,300 to $24,664,900
which is
Much Higher
than the $0 to $0 average in the Lodging industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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