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Econostay by Crimson Hotels

  • Area Req
    As Per Location
  • Investment Range
    Rs. 5 Cr. above
  • Franchise Outlets
    2
Business Details

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 

Investment Details

Commenced Operations

Operations Commenced On2012

Franchising / Distribution Commenced On2015

Franchise Details
Units

AreaAs Per Location

Investment Rs. 5 Cr. above

Franchise/Brand Fee - NA -

Royalty/Commission5%

Expansion Locations
North

Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal

South

Karnataka, Kerala, Tamil Nadu

East

Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Sikkim, Tripura, West Bengal

West

Goa, Gujarat, Maharashtra, Rajasthan

Central

Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh

Union Territories

Andaman and Nicobar, Chandigarh, Daman and Diu, Lakshadweep, Pondicherry

Franchise Details

Want to expandNationwide

Exclusive territorial rights to a unit franchise No

Performance guarantee to unit franchisee No

Anticipated percentage return on investment - NA -

Likely pay back period of capital for a unit franchise 6-8 Yerrs

Other investment requirements - NA -

Property Details

Type of property required for this franchise opportunity Commercial

Floor area requirement As Per Location

Preferred location of unit franchise outlet Any

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location On Site

Is field assistance available for franchisee? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 3 Year

Is the term renewable? Yes

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