Franchise Hotel Owner's Salary The hotel owner salary for a franchise property is modest. According to Shmoop.com, the owner of a chain hotel can expect an average hotel owner's salary of $50,000, with a range of $40,000 to $60,000 a year. Don't forget, the owner is paying a 4% to 6% franchise fee.
How profitable is owning a hotel?
Owning a hotel can be profitable if you have the right combination of location, price point, quality of the physical asset, marketing strategy, dedicated employees, and supportive investors and management partners. However, a hotel isn't profitable by default, so you can expect a lot of hard work to generate profit.
What is the most profitable hotel franchise?
- Hampton by Hilton. Hampton by Hilton operates both Hampton Inn and Hampton Inn and Suites.
- Holiday Inn. Holiday Inn is part of the Intercontinental Hotels Group.
- Motel 6.
- Super 8.
- Days Inn.
- Econo Lodge.
- La Quinta.
Is owning a hotel a good investment?
Hotels can be an excellent way to generate income and build long-term wealth, especially when the economy is strong. Unlike most types of commercial real estate, hotels can adjust their room rates on a daily basis. This gives them a unique ability to raise prices to match demand. Buy a REIT that owns hotels.
How much do Hilton franchise owners make?
A hotel chain owner can expect to make between $49,000 to $74,000 per year in the U.S. This estimate is based on a calculation from a past study on hotel profitability and inflation. The income of a hotel franchise varies according to the size of its holdings, the city in which it's located, and the type of property.
Do hotel owners make a lot of money?
Hotel owners don't make a salary; they make a profit—or, sometimes, they don't. While the industry is pretty tight-lipped about it, it's estimated that the average profit turned by a hotel chain owner is between $40,000 and $60,000 per year (source).
How much profit does a hotel business make?
The profit, or the money you get to take home, is the money that's made after all the business expenses are paid off. While the industry is pretty tight-lipped about it, it's estimated that the average profit turned by a hotel chain owner is between $40,000 and $60,000 per year (source).
How much does a Marriott franchise make a year?
Approximately $25,000 to $75,000 per year. The above information has been compiled from the FDD of Marriott International.