Apartments by Marriott Bonvoy is a premium serviced-apartment hotel offering upscale extended stays. The franchise provides guests with residential-style lodging and premium amenities.
Key Insights
- Apartments by Marriott Bonvoy was created to bring much-needed innovation and professional standards to an industry that required modernization, focusing on developing scalable systems and processes that ensure consistent quality while adapting to local market conditions and customer preferences.
- 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.
- Regulatory developments create opportunities for professional service providers who maintain compliance standards and quality certifications, establishing competitive advantages for businesses that invest in proper training, procedures, and documentation to meet industry requirements.
Franchise Fee and Costs to Open
Exploring the financial picture of Apartments by Marriott Bonvoy 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 $34,763,700 - $115,227,100, along with a franchise fee of $100,000 - $151,000.
Financial Performance and Revenue
Training and Resources
Apartments by Marriott Bonvoy provides comprehensive initial training for new franchisees. This program offers foundational knowledge essential for launching and operating an Apartments by Marriott Bonvoy property. The intensive training period is for two weeks and is conducted at our corporate headquarters. Resources include operational manuals and access to digital learning platforms.
Legal Considerations
Legal considerations for a Apartments by Marriott Bonvoy franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating an Apartments by Marriott Bonvoy franchise involves navigating a dynamic local market, where understanding and responding to existing competition is paramount. Managing the operational complexity of serviced apartments, from daily housekeeping to guest services, requires dedicated staff and efficient systems. Furthermore, reliance on specific supply chains for linens, amenities, and food and beverage offerings presents a factor to consider for consistent service delivery and cost management.
Franchise Datasheet
FAQs
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