Franchimp Summary Rating
Higher than 60% of peers
Franchise Summary
Description
You will operate a hotel business under the name Waldorf Astoria.
Corporate Structure
Hilton Franchise Holding LLC is a Delaware limited liability company, formed in September 2007. Their principal business address is 7930 Jones Branch Drive, Suite 1100, McLean, Virginia 22102. They became the franchisor of hotels operating under the Waldorf Brand in the 50 states of the United States of America, its Territories and Possession and the District of Columbia on March 30, 2015.
Investment and Franchisee Fees
The total investment necessary to begin operation of a 300 room Waldorf Astoria hotel, excluding real property, is $143,332,700 to $705,531,150, including up to $450,150 that must be paid to the franchisor or its affiliates.
Distribution of Waldorf Astoria Franchisees
Waldorf Astoria Franchise System Development in 2017
FAQ
How much investment do I need to start my own Waldorf Astoria business?
Franchisees typically require at least $134,384,500 to $646,502,000 investment to get their Waldorf Astoria business started
What are the initial franchise fees for Waldorf Astoria?
Franchisees typically need to pay at least $75,000 in fees directly to Waldorf Astoria in order to earn the right to launch their business
How much money can I make with a Waldorf Astoria franchise? What are
the average revenues for a typical Waldorf Astoria business?
We haven’t done the math on how much revenue a typical
Waldorf Astoria brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$882,894 revenue, so we would expect
Waldorf Astoria to generate a similar amount
How long do I need to commit to running a Waldorf Astoria 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
$10,151,300 to $37,430,300
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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