Holiday Inn Express is a budget hotel chain, with locations around the world. The rooms are generally small, but they have all the basic amenities that you would expect from a hotel of this type.
The price of a Holiday Inn Express varies by location. In general, you can expect to pay between $50 and $100 per night for a room at this hotel chain. Those prices do not include taxes or fees that may apply at different times of the year (for example, during holidays).
If you want to save money on your stay at a Holiday Inn Express location, consider booking online. The cost will be lower than if you book over the phone or in person at the hotel itself.
The average cost of a hotel room varies greatly depending on factors such as location and level of luxury.
For example, a room at the Holiday Inn Express in Santa Monica, California, costs $105 per night. The same room in Orlando, Florida, costs $62 per night.
The price of building a hotel depends on the size and location of the hotel. A small hotel near a freeway may cost less than $5 million to build while an upscale resort could cost more than $20 million.
How much does it take to own a holiday inn express?
Item | Details |
---|---|
Cost of Building a Hotel |
|
Initial Investment |
|
Annual Operating Costs |
|
Additional Capital Expenditures |
|
Deposit for Holiday Inn Express |
|
Cost to Build a Holiday Inn Express |
|
Cost to Own a Holiday Inn Express |
|
Building Permits and Utilities |
|
About Holiday Inn Express |
|
Holiday inn express franchise profit
The cost to build a Holiday Inn Express is $5.5 million on average. The cost to own a Holiday Inn Express is $6.5 million on average.
The Holiday Inn Express franchise fee is $40,000. The total investment range for Holiday Inn Express is $3,100,000 – $6,100,000 with an estimated franchisee investment of $1,600,000 – $2,600,000.
The initial investment ranges from $1.6 million to $2.6 million for a Holiday Inn Express hotel and includes:
Initial Franchise Fee:$40,000
Training and Support:$2300
Hospitality Service Fee:$1200 per month
The cost to build a Holiday Inn Express is $1.5 million to $3 million. The average cost to buy a hotel for sale is $15 million and the average price per room is $120,000. Holiday Inn Express also offers franchise opportunities for between $75,000 and $250,000.
The total cost of starting your own Holiday Inn Express franchise will depend on whether you opt for a single-unit or multi-unit location. If you’re buying a single-unit establishment, the costs will range from about $1.5 million to $3 million for construction and equipment (including an ATM). On top of that, you’ll need to pay approximately $100,000 in start-up costs and fees.
If you want to open multiple locations in one area – which is a great idea if there are enough potential customers in the area – then you can expect your initial investment to be between $15 million and $25 million. That includes construction costs for each unit as well as equipment, training materials and other expenses related to running multiple locations at once.
The Holiday Inn Express is a budget hotel chain owned by InterContinental Hotels Group. The hotel brand was established in 1994 and there are more than 1,400 properties worldwide. Holiday Inn Express hotels can be found in more than 80 countries around the world.
The average cost to build a Holiday Inn Express property is $3.5 million to $4 million. The cost of land, construction materials and labor will vary depending on factors like location and size of the property.
The initial franchise fee for Holiday Inn Express is $40,000 with an ongoing royalty fee of 6 percent of gross revenue (before taxes).
The average price of a Holiday Inn Express hotel is $1.5M. The average price of a Holiday Inn Express motel is $1M.
The cost to build an average Holiday Inn Express hotel/motel is $2.2M. This includes land costs, construction costs, and furniture costs.
The total investment in building an average Holiday Inn Express hotel/motel is $3M. This includes land costs, construction costs, furniture costs and franchise fees paid to franchisor.
Holiday Inn Express is a hotel brand of InterContinental Hotels Group. It is the entry-level brand in the Holiday Inn hotel chain.
The Holiday Inn Express brand was launched in 1987 as a limited service hotel with no restaurant or room service, but now has full-service hotels. The first Holiday Inn Express Hotel was opened in Hollywood, Florida by the then-owner of the Holiday Inn brand, HFS Corporation (now InterContinental Hotels Group)
The brand was renamed IHG Express by June 2001, and again renamed Holiday Inn Express by 2001.
As of 2017 there were 1,058 Holiday Inn Express hotels worldwide with 149,000 rooms, making it the world’s largest chain of limited service hotels by number of rooms.[1]