This paper aims at comparing the performance of company-owned hotelsand franchised hotels within a plural form network. In this perspective, the main advantages of mixing both franchising and company ownership within a same chain are reviewed before setting up the following research question: « Are there any signifi cant differences between franchised units and company-owned units as far as their performance is concerned ?». The empirical study of more than 200 hotels belonging to a same European network is composed of two parts: some basic statistics followed by the application of the Data Envelopment Analysis. The findings indicate that, contrary to the main theoretical predictions, the company-owned hotels are significantly more efficien...