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Spark by Hilton

Premium economy hotels
Investment
$3,102,531
Initial Franchise Fee
$75,000
Units
185
Growth Rate
N/A

Overview

Industry
Lodging
Founded
2022
Franchising Since
2023
Parent Company
Hilton
Leadership
Christopher Nassetta, CEO
# of Employees at HQ
8760

Units and Growth Chart

Investment Details

Initial Franchise Fee
$75,000
Initial Investment
$3,102,531 - $5,514,193
Net Worth Requirement
Cash Requirement
Royalty Fee
5.5%
Ad Royalty Fee
3%-3.5%
Technology Fee
0
Term of Agreement
10-15 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
Varies

Available Territories

Franchising opportunities available in the following regions

United States International

Continents

Middle East Europe (Eastern) Europe (Western) Central America Canada South America Mexico

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
4 hours
Classroom Training
129-134 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
0
Are exclusive territories available?
No

Ranking History

Spark by Hilton performance in the Franchise rankings over recent years

Additional Rankings

Curious to know where Spark by Hilton ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022