To get access to over 10000+ Franchise Business Opportunities.
Network with the growing Business Community to get expert interventions to let you learn to Grow & Expand your Business with Franchising.
Econostay by Crimson Hotels: A Proven Business Model for Hotel Industry Success
Crimson Hotels Private Limited is a premier hotel management company founded by a team of experienced hoteliers with significant expertise in managing some of the finest hotel chains globally. With years of experience, Crimson Hotels has established itself as a leader in the hotel management industry, offering a variety of hotel brands that cater to diverse customer needs across various market segments. The company owns five distinct hotel brands spanning from luxury to budget segments, ensuring that it can meet the requirements of a wide range of travelers. These hotel brands are available through both management agreements and franchise models, giving investors and hotel owners the flexibility to partner with a trusted name in the hospitality industry.
One of the standout offerings from Crimson Hotels is Econostay, a select-service hotel brand designed to cater to both business and leisure travelers. Econostay hotels are strategically located in city centers, business districts, and near popular tourist attractions, ensuring that guests have easy access to essential services and key destinations. The brand is specifically designed to appeal to price-conscious travelers who are looking for a comfortable and convenient stay without breaking the bank. Econostay’s affordable pricing model makes it an attractive option for individuals and businesses alike, while still offering high-quality services that meet guest expectations.
As a franchisee or hotel operator, partnering with Crimson Hotels through the Econostay brand offers several key advantages. Crimson Hotels takes great pride in managing and operating hotels with a focus on the interests of the ownership while ensuring top-class hospitality for guests. The company combines cutting-edge innovations, modern hotel designs, and a commitment to memorable service experiences, helping hotel owners build a brand that customers can trust and return to.
The Econostay brand is ideal for entrepreneurs who wish to enter the hotel industry with a well-established and proven business model. This hotel brand combines exceptional operational support, modern branding, and customer-centric service to deliver outstanding results for hotel owners. With Econostay, you benefit from a combination of dedicated team support, dynamic sales, and distribution systems that promise to generate unparalleled success.
Key Features of Econostay Franchise:
Operations Commenced On 2012
Franchise Commenced On 2015
Investment INR 5 Cr. above
Franchise/Brand Fee INR 000
Royalty/Commission 5 %
Anticipated percentage return on investment 50 %
Likely pay back period of capital for a Unit Franchise 1-1 Years
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal
Kerala, Karnataka, Tamil Nadu
Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Type of property required for this franchise opportunity Commercial
Floor area requirement 1000 - 2000 Sq.ft
Preferred location of unit franchise outlet Any
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
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 3 Years
Is the term renewable? Yes
Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.
Thanks for showing your interest in Crimson Hotels.
Your contact detail has been shared with the company. requested you to create your investor profile and upgrade to directly contact the brand.
Thanks for showing your interest in Crimson Hotels.
But you have already applied for Crimson Hotels.
Business Opportunities
Browse By Investment Range
Browse By States
Popular Cities