NYLO Hotels Franchise
Hotels
NYLO has set the goal of having 50 hotels open or under construction by end of 2012. This includes both
NYLO and XP by NYLO hotels. NYLO's growth plan will be accomplished by pursuing two avenues simultaneously:
1. Corporate owned, developed and operated hotels, and
2. Franchise agreements with third party owners, developers and operators.
As a core part of its business plan, NYLO made the strategic decision not to launch the franchising until it had developed, constructed and operated at least a few corporately owned hotels in order to fully understand the product from a developer's perspective.
NYLO will continue to corporately develop, own and operated additional hotels going forward; however,
franchising will play an increasingly significant role in the brand's growth. NYLO first made the brands available for franchising in February 2008 and has filed a franchise disclosure document (FDD) in 47 states and is therefore licensed to sell franchises in 47 states.
NYLO offers developers and franchise business owners an innovative concept that is efficient to construct and the personal support of its experienced senior management team.
Start-up Costs & Franchises Fees
What is the total cost to open a NYLO Hotels Franchises?
Total Cost: $10,880,000 USD -$14,800,000 USD
Total Franchise Fees: $60,000 USD -$69,600
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees: 3.5%
Contact Information for NYLO Hotels
|
NYLO Hotels, LLC |
Phone Number: 404.574.6027 |
NYLO Hotels In the Press
No results at this time.Historical Expansion
In what year did NYLO Hotels begin operations? Not Available
When did NYLO Hotels begin selling franchises? Not Available
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes