What is the estimated range for architecture and design costs for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of expenditure | Amount | Method of Payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Application Fee (1) | $95,000 to $145,000 | Lump sum | Upon signing franchise application | Us |
| Comfort letter fee(s) | $0 to $2,500 | Lump sum | When your lender(s) sign a comfort letter with us | Us |
| Alternative Design | $0 to $30,000 | As agreed | As incurred | Us |
| Review Fee | ||||
| Extension of opening deadline | $0 to $10,000 | As agreed | When you request extension of Hotel opening deadline | Us |
| IT Project Management Services fee and expense reimbursement | $64,995 to $69,630 | As agreed | Before the Hotel opens | Us |
| Signage | $65,000 to $100,000 | As agreed | As incurred | Suppliers |
| Telecommunications systems, security system and Technology System equipment and fees (2) | $638,600 to $777,650 | As agreed | As incurred | Suppliers and Hyatt Corporation |
| Column 1 Type of expenditure | Column 2 Amount | Column 3 Method of Payment | Column 4 When due | Column 5 To whom payment is to be made |
| Architecture and design | $537,500 to $1,950,000 | As agreed | As incurred | Architects, engineers, designers and other professionals |
| Construction, |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 36–40)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the estimated cost for architecture and design ranges from $537,500 to $1,950,000. These costs are paid as agreed upon and as incurred to architects, engineers, designers, and other professionals.
This significant investment covers the professional services required to design and plan the hotel's construction or renovation to meet The Standardx's brand standards. The wide range suggests that the final cost will depend on factors such as the size of the hotel, the complexity of the design, and the location of the property. Franchisees should carefully consider these costs when evaluating the overall financial feasibility of opening a The Standardx franchise.
Prospective franchisees should obtain detailed quotes from qualified architects and designers to develop a realistic budget for this expense. It is also important to understand what specific services are included in these costs, such as site planning, interior design, and engineering services. Understanding the scope of work will help in accurately forecasting the total investment required.