Financial support: the franchisor does not offer a formal direct or indirect financing program. HHFL, SCH or its subsidiary, General Innkeeping Acceptance Corporation (GIAC), may provide loans or guarantees. HHFL, SCH and GIAC are considering providing loans or guarantees on terms negotiated on a case-by-case basis with the potential franchisee, and any decision to grant a loan or guarantee would, according to the judgment of HHFL, SCH or GIAC, subject to the agreement of the Board of Directors and the Board of Directors. Only the franchisee is responsible for obtaining adequate financing of all expenses related to the development, opening and operation of the hotel. Franchise agreements More than 80% of IHG hotels operate under franchise agreements. IHG franchisees benefit directly from our global support network, integrated distribution, technology resources and award-winning marketing initiatives. Yes, yes. Holiday Inn is managed by InterContinental Hotels Group (IHG) and is only one of 16 brands in the portfolio. The franchise began in 1954, just two years after the launch of IHG. IHG manages its brands in three different ways: some are managed by IHG, some are owned by IHG and others are operated by franchisees. To learn more about the options, click here on the website. Due to the infrastructure of a hotel, the cost of creating a hotel franchise will always be considerable.
They must not only buy and renovate a suitable building, but also purchase large quantities of bed linen, towels, televisions, hairdryers and other items for guests, and recruit and train a large team of collaborators. These costs can add up, so it`s important that you have access to the capital you need to finance the business right from the start. Many resources are available for interested franchisees. Let`s take a look at some of them. SHANGHAI: IHG® (InterContinental Hotels Group), one of the world`s leading hotel companies, today announced the launch of a new franchise model for the Holiday Inn Express brand in China. The new model called Franchise Plus has been specially designed for the Chinese market and offers owners all the benefits of operating a franchise model, but additional benefits and features of the model managed by IHG. The extension of the agreement to new hotels will strengthen the IHG portfolio on the continent on six brands: Crowne Plaza, Voco, Hotel Indigo, Holiday Inn, Holiday Inn Express and Staybridge Suites.