- 2024 Franchise 500 Rank
-
#62 Ranked #73 last year
- Initial investment
-
$3.3M - $118.2M
- Units as of 2023
-
113 213.9% over 3 years
Tapestry Collection by Hilton is a group of upscale hotels that aims to provide guests with a unique experience relevant to the destination's local culture. Like a tapestry, each hotel franchisee can weave their hotel design to suit their preference. This way, no two locations are the same.
Why You Should Start a Tapestry Collection by Hilton Franchise
Launched in 2016 and headquartered in McLean, Virginia, Tapestry Collection by Hilton became Hilton's 14th franchise with headquarters in Virginia. After beginning to franchise that same year, Tapestry Collection by Hilton has grown to over 30 franchises in the United States, as well as establishing an international presence. As a franchisee, you will likely provide hotel rooms, spas, business lounges, sports centers, swimming pools, wellness programs, restaurants, bars, and other recreation centers subject to contract agreement.
Before you are cleared to launch your Tapestry Collection by Hilton location, the franchisor usually makes sure that you and a few workers undergo extensive classroom training. There will also be additional online training. This may equip you and your team with the necessary skills to run the business, grow the company, and serve your customers.
Tapestry Collection by Hilton has branches in the U.S., Canada, and Mexico, and plans are already underway to expand the franchise overseas to increase brand awareness.
What Might Make a Tapestry Collection by Hilton a Good Choice?
The fact that Tapestry Collection by Hilton is one of the fastest-growing franchises under the Hilton Hotel brand may be enough to make you consider the opportunity to own a franchise. As per the hotel's business model, you might capitalize on hotel room reservations, Eforea spa, locals looking for a hotel experience, people in business looking to hold meetings, and numerous restaurants.
Tapestry Collection by Hilton has been ranked in Entrepreneur's Franchise 500. This is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
To be part of the Tapestry Collection by Hilton team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for the existence of ongoing fees that will include advertising, royalty, and potential renewal fees.
How To Open a Tapestry Collection by Hilton Franchise
As you decide if opening a Tapestry Collection by Hilton franchise is the right decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if the franchise would do well in your community. If there are multiple other hotel chains in your immediate area, then you may want to think twice about opening a Tapestry Collection by Hilton franchise.
After filling out an application form, a representative may reach out to you to set up a physical meeting. You will be required to avail several personal documents and financial records for verification. If they check out, you will choose a territory and be cleared for construction. Hilton will have to approve all the professionals (architects, interior designers, and more) you will be working with. If approved, they will also need to verify your hotel design and the vibe you aim to achieve. After this process is complete, you can begin construction.
Before launching, you and your employees will be subject to mandatory training. After that, you'll be free to launch your Tapestry Collection by Hilton franchise.
Company Overview
About Tapestry Collection by Hilton
Industry | Lodging |
---|---|
Related Categories | Hotels & Motels |
Founded | 2016 |
Parent Company | Hilton |
Leadership | Christopher Nassetta, CEO |
Corporate Address |
7930 Jones Branch Dr. McLean, VA 22102 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 2016 (8 years) |
---|---|
# of employees at HQ | 7,801 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 113 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Tapestry Collection by Hilton franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$100,000 |
---|---|
Initial Investment
|
$3,348,325 - $118,246,439 |
Veteran Incentives
|
Varies |
Royalty Fee
|
5% |
Ad Royalty Fee
|
4% |
Term of Agreement
|
23 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Tapestry Collection by Hilton has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 1 hour |
---|---|
Classroom Training | 126-167 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
Additional details about 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 |
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Tapestry Collection by Hilton landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Tapestry Collection by Hilton ranked on other franchise lists? Find out below.
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