5/10

Franchimp Summary Rating

2 /10
Higher than 84% of peers

Franchise Summary

Description
The franchise offered is to operate an upscale, full service Hyatt Centric Hotel.
Company Background
Hyatt Centric is a new concept for Hyatt Hotels Corporation, and the first global lifestyle hospitality brand. The franchise offered is to operate an upscale, full service Hyatt Centric Hotel.
Franchise Opportunity
The hospitality industry is the largest in the world, and there are more than 1.5 million hotel rooms under management. Despite its size and scope, this market has been slow to change over time. Hotels still operate with manual processes that were created decades ago when computers weren't a thing yet. This means that hotels are not able to cater their services as quickly or efficiently as guests expect them to be delivered today. Hyatt Centric is here to solve these problems by offering a service-oriented business model for owners who want a positive impact on the community they serve through an innovative approach to operations and guest experience management using technology solutions that will help them stand out from other hotels in their area while also providing guests with greater convenience and personalization of services at every touch point throughout their stay.
Corporate Structure
Hyatt Franchising, L.L.C. incorporated in Delaware as Hyatt Franchise Corporation and converted under Delaware law to Hyatt Franchising, L.L.C., a Delaware limited liability company. Their principal business address is 150 North Riverside Plaza, Chicago, Illinois 60606.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Franchise Types Available

# Type Investment Fees

Distribution of Hyatt Centric Franchisees

Hyatt Centric Franchise System Development in 2021

FAQ

How much investment do I need to start my own Hyatt Centric business?
Franchisees typically require at least $41 to $114 investment to get their Hyatt Centric business started
What are the initial franchise fees for Hyatt Centric?
Franchisees typically need to pay at least $272 in fees directly to Hyatt Centric in order to earn the right to launch their business
How much money can I make with a Hyatt Centric franchise? What are the average revenues for a typical Hyatt Centric business?
We haven’t done the math on how much revenue a typical Hyatt Centric brings in each year. We estimate that other franchisees in the Lodging & Leisure industry generate $882,894 revenue, so we would expect Hyatt Centric to generate a similar amount
How long do I need to commit to running a Hyatt Centric unit? What is my contractual commitment?
Hyatt Centric franchisees are typically required to sign up to a 20 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

2 /10
The Franchisor's investment costs ranges from $41,401,000 to $114,726,078 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

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE