The most profitable hotel franchises are the ones which have attractive locations. Therefore, starting the business, an entrepreneur together with a franchisor should invest time and money in site selection. Then, they should focus on obtaining licenses. After that a new hotel owner should build a team which will operate the hotel and the restaurant. The success of hotel franchises also depends on how skilled their staff is. Therefore, it makes sense to invest enough time for selecting employees; invite a talented chef; provide trainings for hotel management. Despite hotel franchises in India are facing choppy waters caused by a pandemic nowadays, future predictions are very positive. Grab the chance to invest in the hotel segment now!
1.OYO
Oyo is one of the most popular hotel franchises in India. While most of these brands require a significant investment, there are a few options that are available for less than Rs. 1 crore. Oyo have entry-level franchise opportunities that are well-suited for first-time hotel owners. roperties under the OYO network will adopt a manchise (management and franchise) model , in which OYO will take full control and management.
OYO rooms is a popular hotel franchise in India that can be started with an investment of under 1 crore. To be successful, it is important to build a skilled team that can operate the hotel and restaurant. The franchise fees of OYO is Rs. 1 crore.
2.Marriott International
Marriott International is one of the largest and most successful hotel franchises in the world. They have a strong presence in India with over 50 hotels and resorts across the country. Marriott is a great choice for a new hotel owner looking to invest under 1 crore in India. They have a proven track record of success and their brand is well-known and respected worldwide. Marriott also offers a great training program for new hotel owners and their staff. This is an important consideration when choosing a hotel franchise to invest in.
The franchaise fees for this hotel varies depending on the brand and the location of the hotel. However, most of these franchises can be started for less than 1 crore. The initial investment cost for a new hotel owner can be quite expensive. Depending on the size and location of the hotel, the initial investment can range from a few hundred thousand dollars to several million dollars.
3.Holiday Inn
Holiday Inn is one of the most popular hotel franchises in India. It has a good reputation and its hotels are usually full. The company offers a variety of services, including accommodation, food and beverage, and events. It has a wide range of locations across India, making it a good choice for a new hotel owner. The Holiday Inn brand, with over 1200 hotels worldwide, is the most widely recognized hospitality brand in the world. Holiday Inn was one of the earliest international hotel brands.
The cost of a hotel franchise varies depending on the brand, but most franchises in India can be purchased for less than 1 crore. The initial investment cost for a hotel franchise in India is Rs. 1 crore. This amount covers the costs of setting up the hotel and the restaurant, as well as the costs of training the staff. The success of hotel franchises also depends on how skilled their staff is.
4.Hyatt
Hyatt Hotel Corporation is a renowned global hotel company that controls over a dozen major brands such as Andaz and Park Hyatt, Grand Hyatt and Hyatt Regency, various upscale boutique hotels under the brands Thompson, Alila, Destination, Joie de Vivre and others. The Hyatt portfolio includes more than 800 properties in 50 countries. In recent years, Hyatt has begun to actively focus on the concept of franchising and hotel management, based on the principles of “ease of assets” rather than direct ownership of buildings and real estate.
5.Mint Hotels
Mint Hotels is one of the top 7 hotel franchises to invest under 1 crore in India. The company has its own training academy which ensures that the staff is skilled and capable of providing quality service to guests. The company also has a strong focus on customer satisfaction, which is evident from their high ratings on online review sites. The franchise fees of Mint Hotels is Rs.51 lakhs.
The average initial investment cost for a hotel franchise is between $1 million and $2 million. However, there are some hotel franchises that can be started for as little as $100,000. The initial investment cost will vary depending on the size and location of the hotel, as well as the type of franchise. The percentage of Royalty Fees can vary from brand to brand, but is typically between 4 and 6 percent of the gross revenue.
6.Treebo Hotels
Treebo Hotels is a new hotel franchise in India that is quickly gaining popularity. The company was founded in 2015 and has since expanded to over 100 cities across the country. Treebo Hotels is known for its quality accommodations and affordable prices. The company offers a variety of room types, including standard, deluxe, and suite. Treebo Hotels does not charge any upfront franchise fees. However, they do take a percentage of the revenue generated by each hotel location. Treebo Hotels is a hotel franchise that can be started for an initial investment cost of Rs. 1 crore. The company has a network of over 200 hotels across India, making it one of the largest hotel franchises in the country. The company offers a variety of services to its franchisees, including training and support in hotel operations, marketing, and sales.
7.Choice Hotels
If you’re looking for a hotel franchise to invest in that has a proven track record, Choice Hotels is a great option. With over 6,000 locations worldwide, they’re one of the largest hotel chains in the world. In India, they have over 100 hotels, so you’re sure to find a location that’s convenient for your guests. Their staff is highly skilled and trained to provide the best possible experience for guests.
The franchise fees for this hotel franchises vary depending on the brand and location. However, most of these franchises can be started for under 1 crore. To find out more about the specific franchise fees, interested parties should contact the franchisor directly. The percentage of Royalty Fees is 6%.
Conclusion
Building a strong team is critical to the success of any hotel franchise, but especially so for those operating on a tight budget. In India, there are a number of great hotel franchises to choose from that can be operated for less than 1 crore. To maximize your chances of success, be sure to carefully select skilled and experienced staff who are familiar with the nuances of running a hotel and restaurant. With the right team in place, you can achieve great things, regardless of your budget.
