Hyatt Place is a select-service hotel offering upscale accommodations with modern amenities. The franchise provides a comfortable and convenient environment for both business and leisure guests.
Key Insights
- Hyatt Place was designed as a select-service hotel concept that combines the amenities of full-service hotels with the efficiency of limited-service properties, featuring spacious rooms with separate living areas, complimentary breakfast, and 24-hour fitness centers that appeal to business and leisure travelers seeking value and comfort.
- The operational model emphasizes consistent service standards and modern amenities including free Wi-Fi, business centers, and grab-and-go food options, with property designs that maximize guest comfort while maintaining operational efficiency through streamlined service delivery and technology integration.
- The select-service hotel segment continues growing as travelers seek properties that offer full-service amenities at competitive rates, creating opportunities for brands that can deliver consistent quality experiences while maintaining cost-effective operations and convenient locations.
Franchise Fee and Costs to Open
Exploring the financial picture of Hyatt Place 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 $17,918,455 - $52,134,018, along with a franchise fee of $75,000 - $150,000.
Financial Performance and Revenue
Training and Resources
Hyatt Place provides comprehensive training for new franchisees. This program offers a robust curriculum covering operations and brand standards. Initial training is conducted over a period of four weeks, primarily at Hyatt's corporate training facilities. Hyatt Place also offers ongoing resources and support to empower franchisees.
Legal Considerations
Legal considerations for a Hyatt Place franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee for a Hyatt Place location may encounter considerations regarding the local lodging landscape, where existing brands and independent operators influence guest acquisition. Managing day-to-day operations involves overseeing staffing, inventory, and guest services, requiring a structured approach. Furthermore, maintaining consistent brand standards often depends on reliable access to specified vendors and goods within the established supply network.
Franchise Datasheet
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