After choosing your franchise, your assignment is to:

Part 1. Explain the difference betweenfranchising a hotel or restaurant and managing a hotel or restaurant (you can use the textbook to assist you)

Part 2. Name some of the benefits of franchising.

Part 3. Name some of the downfalls or challenges of franchising.

Part 4. What is one takeaway from this week's chapter or unit resources and would you be interested in owning a franchise of any kind in the future?

Part 5. Based upon the franchise you chose (and hopefully have done some research on...hint, hint!)share the following:

a. Name of franchise you chose.

b. What are thehotel or restaurant franchise fees

c. What theoptions are forthe length of the franchise?

d. Based on what you learn about the franchise you chose,share whetherYOU wouldinvest in the franchise (assuming you had the $$ to do so) andwhy or why not?Your grade for this part of the assignment will depend on the level of detail of your answers. Please be very specific in your answer, pointing to facts you uncovered from our textbook or your own research.

Please be sure to include APA citations anywhere you used words/quotes/ideas from a source and list your full references at the bottom of your post.