INR 5 Cr - 10 Cr
Investment Range
Not revealed
Area Required
2
Franchise Outlets
2012
Establishment Year
Econostay by Crimson Hotels Products and Services
ECONOSTAY BY CRIMSON HOTELS PRODUCTS AND SERVICES
Econostay by Crimson Hotels is a proven business model for you to become your own boss in hotel industry!
Crimson Hotels Private Limited is a Hotel Management Company started by experienced hoteliers having significant experience in the finest hotel chains. We own five Hotel Brands in Luxury, Upscale, Midscale, Lower Midscale and Budget Segments. These brands are available on Management Agreement and Franchise Model.
As a Hotel Operator / Franchiser Crimson Hotels takes care of the interest of the ownership in mind while providing the top class hospitality to the guests with a commitment to pace setting innovation, modern design and memorable service experience.
- Combine these attributes with dedicated team support, and dynamic sales and distribution systems we promise to bring unparalleled success for the hotel owners.
- Econostay is select service hotel brand by Crimson Hotels for business as well as leisure travellers located in the city center, business districts and near tourist attractions.
- This brand is for price conscious travellers who want to experience a comfortable stay at a reasonable price. The hotels offer complimentary breakfast and free wifi.
Brand Franchise includes:
- Brand Name
- Brand and Operating Standards
- Sales and Online Sales Support
- Revenue Management
- Training & Development
- Loyalty Program Participation
- Trade Show Participation
- Joint Advertising
Start a business that offers good returns with a profit filled future!
Econostay by Crimson Hotels
Econostay by Crimson Hotels Cost and Investment
Commenced Operations
Operations commenced on
2012
Franchise commenced on
2015
Franchise Details
UNITS
Investment
INR 5 Cr - 10 Cr
Franchise/Brand fee
Not revealed
Royalty/Commission
5%
Details
Exclusive territorial rights to a unit franchisee
Yes
Anticipated percentage returns on investment
Not
Likely payback period
6-8 years
Other investment requirements
NA
Econostay by Crimson Hotels Expansion Plans
NORTH
Delhi,
Haryana,
Himachal Pradesh,
Jammu & Kashmir,
Punjab,
Uttar Pradesh,
Uttarakhand,
SOUTH
Karnataka,
Kerala,
Tamil Nadu,
EAST
Arunachal Pradesh,
Assam,
Manipur,
Meghalaya,
Mizoram,
Nagaland,
Orissa,
Sikkim,
Tripura,
West Bengal,
WEST
Goa,
Gujarat,
Maharashtra,
Rajasthan,
CENTRAL
Bihar,
Chhattisgarh,
Jharkhand,
Madhya Pradesh,
UNION TERRITORIES
Andaman & Nicobar,
Chandigarh,
Daman & Diu,
Lakshadweep,
Pondicherry,
Econostay by Crimson Hotels Property Requirements
Type of property required for this franchise
Domestic
Floor area requirement
Not revealed
Preferred location of unit
Cafe
Econostay by Crimson Hotels Training
Training location
Delhi
Expert guidance from head office
Yes
Field assistance
Yes
Current IT systems included
Yes
Econostay by Crimson Hotels Agreement Details
Do you have a standard franchise agreement?
Yes
How long is the franchise term for?
Lifetime
Is the term renewable?
Yes
About Franchise Times
Who We Are?
Franchise Times was promoted by professionals with over 25 years of hands on experience in Franchising. The foundations of Franchise Times were laid to assist entrepreneurs from start-ups, SMEs NGOs and corporates to develop sustainable franchise networks. Our multi-disciplinary and tested approach ensures that the appropriate talent and experience are applied at every stage of our work to ensure our clients' business needs are served professionally and in a cost effective manner.At Franchise Times our success is measured by the growth of our clients' businesses. Within a decade of operation we have created over Rs. 5 million worth of enterprise value for our clients. We've advised over 200 networks and established multiple franchised network locations in India and abroad. We know exactly what it takes to grow a business - many of our clients have come to us with a single location and we've assisted their expansion to India and abroad.
Franchising is a wonderful way to go into business for yourself, but not by yourself. Franchising is an example of teamwork at its best, bringing together talents of a dedicated professionals and management team with hard work, zeal and entrepreneurial spirt of franchisees at the local level to serve our customers.
What We Do?
Franchise Times can help you expand your network in existing and new markets (globally), acquire new clients and increase your revenue, all at a substantially reduced costs.At Franchise Times we follow an innovative approach that offers customized solutions to meet your specific needs in franchising. Staffed with professionals in sales, marketing, logistics and legal who are well empowered and phone-productive, we bring transformational rewards to your business.
Our offering include
- Franchise Opportunities
- Buisness Consulting
- Digital Consulting
- Awards and Events