City Express by Marriott logo

City Express by Marriott Franchise

Audited Financials
HospitalityEst. 2012Bethesda, MD
www.marriott.com
Financing Available

Risk Score

Pending analysis

Investment Range

$2,738,400 - $4,867,900

Franchise Fee

$75,000

Total US Locations

1

Business Summary

City Express by Marriott operates mid-scale hotels designed to offer budget-friendly accommodations to the general public. Most locations are expected to be existing hotels converting to the City Express by Marriott brand or commercial buildings repurposed into hotels. These hotels provide amenities such as complimentary breakfast, a market or pantry, and a fitness center. All franchised City Express by Marriott hotels in the United States and Canada operate as part of a single system.

Corporate History

MIF, L.L.C., the franchisor for City Express by Marriott, was established in 2012 as a limited liability company under the laws of Delaware, operating as a subsidiary of Marriott International, Inc. The City Express brand itself has a longer history, having been originally established in Mexico in 2002 by Promotora de Hoteles Norte 19 SAB de CV (f/k/a Hoteles City Express, S.A.B. de C.V. or HCity). Marriott International, Inc. acquired the City Express brand, along with its existing hotel operating system and 152 hotels in Mexico and other Latin American countries, in May 2023. Following this acquisition, these pre-existing hotels transitioned to operating under the City Express by Marriott Brands through franchise agreements with Marriott affiliates. The City Express by Marriott brand was officially launched in the United States and Canada in July 2024, with its principal trademark designated in October 2024.

Financial Overview

Investment Range

$2,738,400 - $4,867,900

Franchise Fee (Low)

$75,000

Franchise Fee (High)

$100,000

Royalty %

5%

Marketing %

1.5%

Equipment Costs (Low)

$1,842,000

Equipment Costs (High)

$3,476,800

Working Capital

$400,000

Audited Financials

Yes

Offers Financing

Yes

Audit Opinion

Unqualified opinion

Financial Health Notes

MIF, L.L.C. operates as a subsidiary of Marriott International, Inc., its sole member, and does not retain cash balances, with all transactions handled through related party accounts with its parent company. The company recorded net income of $63,830,000 for 2024, $64,157,000 for 2023, and $53,570,000 for 2022. It has significant amounts due from related parties, totaling $443,571,000 in 2024 and $376,990,000 in 2023, on which it earned substantial interest income. The company has no accruals related to legal contingencies or impairment charges. MIF, L.L.C. is an LLC, so its income and losses flow through to its parent, and no provision for federal and state income taxes is made in its financial statements. Its allowance for credit losses on receivables was $1,466,000 in 2024. Overall, the financial statements indicate a stable entity operating within the larger Marriott International corporate structure.

Financing Details

City Express by Marriott generally does not offer direct or indirect financing for its franchised hotels or guarantee loans. However, in very limited situations and at its sole discretion, Marriott International Capital Corporation (MICC) may offer credit support, such as a contingent guarantee for a portion of a third-party loan, or provide a mezzanine loan. Decisions to offer such support depend on various factors, including market opportunities, hotel characteristics, economic conditions, and the franchisee's commitment to system growth. If credit support is provided, the specific terms, loan amounts, interest rates, repayment obligations, and other conditions would vary. Franchisees would be required to sign related documents, such as a Reimbursement Agreement and an Equity Pledge, and may be charged a guaranty fee. Marriott reserves the right to decline any such financing.

Performance Metrics

Total US Locations

1

Franchised Units

1

Corporate Units

0

Avg Square Footage

33,000

Franchising Since

2024

Agreement Terms

Initial Term

20 years

Renewal Conditions

City Express by Marriott franchisees do not have a right to renew their franchise agreement, and should not expect to operate under the brand after the initial term expires. However, in its sole discretion, City Express by Marriott may choose to offer a new franchise agreement upon expiration of the term. This new agreement would be on the then-current form and could include materially different terms and conditions, including franchise fees and duration.

Training & Support Program

Franchisor Assistance

City Express by Marriott provides extensive support to its franchisees both before and after opening. Before a hotel opens, City Express by Marriott provides design and construction criteria, helps review plans, ensures compliance with brand standards, assists with purchasing initial furniture, fixtures, and equipment, and conducts site visits. It also trains the general manager and hotel management team, and provides access to operational manuals and procedures. After opening, City Express by Marriott offers ongoing consultation on hotel design and operations. It provides a comprehensive suite of electronic systems, including reservation, property management, and yield management systems, along with a secure Marriott Communications Network and Wi-Fi standards. The brand also runs a Marketing Fund (funded by a 1.5% contribution of gross room sales) for advertising, sales, and promotions, including loyalty programs and digital marketing. Franchisees must participate in the Marriott Bonvoy loyalty program and the Global Sales Organization, with options to join other sales programs for a fee. City Express by Marriott requires various mandatory training programs for staff and management, covering areas like brand standards, electronic systems, ethics, alcohol awareness, and food safety, some of which are included in the bundled fee, while others, like third-party certifications and a general manager conference, incur additional costs. There are also optional leadership development programs and specialized "onboarding" training for new Marriott franchisees.

Initial Training Hours

96

Training Location

Remotely, web-based, or at a location designated by City Express by Marriott

Ongoing Support

City Express by Marriott provides ongoing support to its franchisees through various channels. This includes making representatives available for consultation on hotel design and operation, and providing access to and support for essential electronic systems like the reservation, property management, and yield management systems. The franchisor continuously manages and directs the Marketing Fund activities for advertising, sales, and promotions, and oversees the Marriott Bonvoy loyalty program, in which franchisees must participate. City Express by Marriott also requires participation in its Global Sales Organization and offers optional participation in other sales teams. Franchisees receive updated operational standards, which they must comply with, and their plans for hotel upgrades and remodeling are reviewed. Ongoing training programs are offered for management personnel, and comprehensive computer systems are maintained, with mandatory updates, upgrades, and security services.

Franchise Requirements

Ideal Candidate Profile

City Express by Marriott seeks franchisees with managerial and operational experience, skills, capacity, capabilities, and a business philosophy that aligns with operating a hotel according to brand standards. Ideal candidates are those who are familiar with operating hotels, potentially with experience in converting existing hotels or repurposing commercial buildings. Candidates must meet financial qualifications and pass background checks, ensuring they have not been convicted of serious crimes, are not competitors, and have not been involved in significant litigation with Marriott. If a franchisee is new to Marriott or determined not to be qualified, they may be required to participate in an onboarding program (FOND) and additional support services, or even hire an approved third-party management company.

Industry Experience Required

Yes

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Commercial

Owner Participation

Supervisory

Territory Type

Non-Exclusive

Territory Size Requirements

City Express by Marriott franchisees will not receive an exclusive territory, and the franchisor may not even grant a territory. If a territory is granted, it will be non-exclusive, apply only to City Express by Marriott hotels, and typically last three years or less. The specific size or geographic boundaries of any granted territory will depend on the market where the hotel is located. It may be defined as a radius around the hotel or delineated by streets, highways, or other geographical boundaries, but no specific size or population metrics are generally provided as a universal requirement for all City Express by Marriott franchises. The continuation of these territorial rights is contingent on factors such as the timely start of construction and opening of the hotel, not on sales volume or market penetration. The franchisor and its affiliates retain the right to develop, own, operate, or franchise other lodging products or concepts, including other City Express by Marriott hotels, in any location, even near the franchisee's hotel.

Staffing Notes

City Express by Marriott franchisees are responsible for hiring qualified staff sufficient to operate the hotel, with all employment decisions made by the franchisee or their approved management company. Key positions include a general manager and sales directors/managers, who must be retained several months before opening and are required to dedicate full-time to the hotel's management and operation. All staff must complete mandatory training programs provided by City Express by Marriott or third-party vendors, covering areas like brand standards, electronic systems, ethics, alcohol awareness, and food safety. Additionally, any staff regularly in contact with guests in enclosed spaces must be provided with associate alert devices that have geolocation capabilities for emergencies. City Express by Marriott does not direct or control the hotel's employment policies but sets standards for staffing levels and qualifications.