Lexington Hotel is a brand that provides midscale and upper midscale lodging facilities for both leisure and business travelers. The franchise specializes in offering full-service accommodations under the Lexington Hotel name and select-service properties under the Lexington Inn brand, ensuring a variety of options to meet different guest needs.
Key Insights
- Lexington Hotel started with a clear vision to establish new benchmarks of excellence within their field, combining industry expertise with customer-focused innovation to create sustainable competitive advantages that benefit both franchisees and the communities they serve.
- Housekeeping protocols maintain exceptional cleanliness and safety standards that ensure guest comfort and peace of mind, utilizing proven procedures and quality control measures that exceed industry standards while creating welcoming, pristine environments for all visitors.
- Urbanization patterns increase demand for convenient services that save time and effort for busy consumers, creating opportunities for businesses that can provide efficient, reliable service delivery while maintaining quality standards and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Lexington Hotel 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 $232,100 - $14,525,500, along with a franchise fee of $28,000 - $31,000.
Financial Performance and Revenue
Training and Resources
Lexington Hotel provides comprehensive initial training. This program is offered at Lexington Hotel's corporate headquarters and lasts for two weeks. Franchisees gain access to a wealth of operational resources and ongoing support to help launch their Lexington Hotel establishment successfully.
Legal Considerations
Legal considerations for a Lexington Hotel 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 a Lexington Hotel franchise involves navigating local market dynamics, where competitor offerings and pricing strategies require careful consideration. The franchise's operational model, encompassing service standards, staff training, and guest experience delivery, presents a layer of complexity. Furthermore, reliance on specific suppliers for amenities, food, and maintenance necessitates proactive relationship management and contingency planning for potential disruptions within these supply chains.
Franchise Datasheet
FAQs
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