Stay Express Inn Elko Nevada is another addition to a growing list of hotels which have joined Stay Express, which is an SBA approved hotel franchise company. The property in Elko Nevada joined the Stay Express brand and will now operate under its name.
The Nevada hotel owner was seeking SBA approved loan, which he successfully secured after joining Stay Express, which is an SBA approved company. Stay Express claims to be a fair, transparent franchising company that cares about its franchisees and has very reasonable fees.
Joining popular brands can burn a hole in the hotelier’s pockets due to heavy fees, high joining costs and also due to extremely demanding PIPs which can cost millions of dollars to the hoteliers. Stay Express claims that it has very reasonable and flexible PIP policy which can save thousands of dollars to the franchisees.
This could be a major reason why many hotels have moved to Stay Express from other brands. Since it is SBA approved company, the franchisees can secure SBA approved loans after joining the brand. Stay Express caters to economy, midscale and upper midscale hospitality segments. It has been able to build some nice reputation for itself and currently has presence in various states of the USA.
The new addition of Elko Nevada property, despite the industry reeling under the effects of the pandemic, may boost the company’s confidence. Stay Express is aiming for major expansion throughout the nation as it feels the economic conditions caused by the pandemic could be ideal for it.
Since the company has very less joining fees and annual franchise costs, along with reasonable PIPs, it could help save tons of money for the franchisees, which could be great for hotels currently struggling due to pandemic. This could be a major attraction for many hoteliers to seriously consider joining the Stay Express chain.