At The Verda we have a goal of meeting the highest and most demanding standards of quality in the hospitality industry. We have diversified our approach and now offer partnership with 4 types of contracts with varied benefits.
Franchise Contract
You operate your hotels directly under one of our brands and you benefit from The Verda expertise (services). You pay a franchisee fee to The Verda. Your hotel benefits from the powerful recognition of our brand as you join our powerful network.
Management Contract
We manage your hotel. We deploy our operating expertise to manage your hotel over the long period. The management fees are paid to The Verda based on revenue and operational profits. Your hotel benefits from the powerful recognition of our brand as you join our powerful network.
Exclusive Marketing Contract
You operate your hotel directly under co-branding with The Verda. You pay The Verda a pre-decided percentage on the revenue generated by the hotel. Your hotel benefits from the powerful recognition of our brand as you join our powerful network.
Lease
We operate your property directly under our brand and pay you on the percentage of revenue generated or the contract agreed upon. We at The Verda irrespective of the type of contract entered into, look to maintain a strong, efficient and long term relationship with you. Our main priority will be enhancing the value of your property and making your investment as profitable as possible.
Besides the specific benefits enjoyed under each contract, a partnership with The Verda also ensures:
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Commenced Dates
Date Commenced Operations | 2011 |
Date Commenced Franchising / Distribution | 2011 |
Franchise Details
Units
Area | Investment | Franchise/Brand Fee | Royalty/Commission |
Store Wise | Rs. 5 Cr. above | 10 lakh | 6% |
Master / Multi Units
Area | Investment | Unit/Brand Fee | Master/Brand Fee | Royalty/Commission |
Country Wise | Rs. 5 Cr. above | negotiable | negotiable | negotiable |
Region Wise | Rs. 5 Cr. above | negotiable | negotiable | negotiable |
State Wise | Rs. 5 Cr. above | negotiable | negotiable | negotiable |
City Wise | Rs. 5 Cr. above | negotiable | negotiable | negotiable |
Expansion Locations
North | New Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pardesh |
South | Kerala, Karnataka, Tamil Nadu |
East | Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Orissa |
West | Gujarat, Rajasthan, Maharashtra, Goa |
Center | Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand |
Union Territories |
Pondicherry, Chandigarh, Lakshadweep, Daman and Diu |
Franchise Details (Optional)
Want to expand | International, Nationwide |
Exclusive territorial rights to a unit | No |
Performance guarantee to unit franchisee | Yes |
Anticipated percentage return on investment | 10% |
Likely pay back period of capital for a unit franchise | 10 years |
Other investment requirements | 1- 100 cr |
Detailed operating manuals for franchisees | Yes |
Where is franchisee training provided? | at the unit |
Is field assistance available for franchisee? | Yes |
Will someone from Head Office provides assistance to franchisee in opening the franchise? | Yes |
What IT systems do you presently have that will be included in the franchise? | Yes |
Type of property required for this franchise opportunity | 30 rooms and above |
Floor area requirement | 1200 sq feet . (1 Sq Meter = 10.76 Sq Ft.) |
Preferred location of unit franchised outlet | anywhere |
Do you have a standard franchise agreement? | Yes |
How long is the franchise term for? | 8 years |
Is the term renewable? | Yes |
Category : Hotel Travel & Tourism
Area Req : 1200 Sq. Feet
Franchise Outlets : 8
Investment: Rs. 5 Cr - Above 50000000