Start-Up Costs and Fees |
||
| GrandStay Residential Suites | Wyndham Hotels & Resorts | |
| Investment | 117900 - 10090200 | 42112580 - 69188897 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 2% | 3% |
| Year Founded | 2000 | 1981 |
| Year Franchised | 2000 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| GrandStay Residential Suites | Wyndham Hotels & Resorts | |
| Experience | ||
Financing Options |
||
| GrandStay Residential Suites | Wyndham Hotels & Resorts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| GrandStay Residential Suites | Wyndham Hotels & Resorts | |
| Training | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 | |
Expansion Plans |
||
| GrandStay Residential Suites | Wyndham Hotels & Resorts | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | |
| Franchise Fee | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | |
| Royalty Fee | |
| GrandStay Residential Suites | 5% |
| Wyndham Hotels & Resorts | 5% |
| Advertising Fee | |
| GrandStay Residential Suites | 2% |
| Wyndham Hotels & Resorts | 3% |
| Year Founded | |
| GrandStay Residential Suites | 2000 |
| Wyndham Hotels & Resorts | 1981 |
| Year Franchised | |
| GrandStay Residential Suites | 2000 |
| Wyndham Hotels & Resorts | 1996 |
| Term Of Agreement | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | 15-20 YEARS |
| Renewal Fee | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | Negotiable, renewable |
Business Experience Requirements |
|
| Experience | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | |
Financing Options |
|
| Franchise Fees | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | |
| Start-up Costs | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | |
| Equipment | |
| GrandStay Residential Suites} | |
| Wyndham Hotels & Resorts | |
| Inventory | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | |
| Receivables | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | |
| Payroll | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | |
Training & Support |
|
| Training | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops |
| Support | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 |
Expansion Plans |
|
| US Expansion | |
| GrandStay Residential Suites | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Wyndham Hotels & Resorts | |
| Canada Expansion | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | 0 |
| International Expansion | |
| GrandStay Residential Suites | |
| Wyndham Hotels & Resorts | |