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  • Area Req
    Any
  • Investment Range
    Rs. 5 Cr. above
  • Franchise Outlets
    - NA -
Business Details

Hotel Formule1, a Rest Assured network of hotels by World’s leading hotel operator Accor, is renowned for delivering a great sleep and shower experience. Hotel Formule1 offers 100% cotton sheets and soundproof rooms. The hotel also offers complimentary Wi-Fi to its guests. The rooms are cleverly designed and stylish. The soft, relaxing colors and new enhanced approach to light, space and materials give it an inviting and modern atmosphere.

With an aim to appeal to domestic corporates and frequent business and leisure travellers looking for a Rest Assured stay, Hotel Formule1 is the first hotel brand in India filling the void for standardized comfort.

The rooms are cozy and compact and features flat screen television, storage area, writing desk, hot and cold shower bathroom, sound proof windows and access control doors. The quality bedding with 100% cotton sheets offers a great sleep experience.

With 24 X 7 security and access control lifts, keycard-operated door locks, visual alarm for common areas, break glass emergency phone and CCTV Cameras; the hotel provides undoubted safety to its guests.

The Formule1 hotel design concept steers away from conventional hotels. The generous use of natural materials, fresh colours and attractive lighting takes Formule1 a step above traditional hotel models. Using contemporary furnishings, clever layouts, and a whimsical twist of designer graphics, Formule1 creates a new atmosphere that brings life and fun into the spaces.

Every stay at Hotel Formule1 is a Rest Assured experience with friendly and ever assisting staff, 24/7 safety, refreshing breakfast, Express check-in and check-out.

Hotel Formule1 is now present in India in Ahmedabad, Bengaluru, Gurgaon, Greater Noida and Pune Hinjewadi and opening soon in Pune Pimpri. In 2015, the brand will expand in cities like Hyderabad- Hi-tech city and Banjara Hills, Chennai OMR and Nashik. 

Investment Details

Commenced Operations

Operations Commenced On2010

Franchising / Distribution Commenced On2014

Franchise Details
Units

AreaAny

Investment Rs. 5 Cr. above

Franchise/Brand Fee 5% of Revenue

Royalty/Commission- NA -

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 5- 8 years

Other investment requirements No

Property Details

Type of property required for this franchise opportunity Commercial Property

Floor area requirement Any

Preferred location of unit franchise outlet City centre/Conversion of existing hotels

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location At Franchise Unit or Head Office

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? 15 Year

Is the term renewable? Yes

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