Start-Up Costs and Fees |
||
| Home2 Suites | Wingate by Wyndham | |
| Investment | 9102300 - 17456500 | 375465 - 10816446 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 4.50% |
| Advertising Fee | 3.50% | 4% |
| Year Founded | 2008 | 1995 |
| Year Franchised | 2009 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | Wingate by Wyndham | |
| Experience | ||
Financing Options |
||
| Home2 Suites | Wingate by Wyndham | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Home2 Suites | Wingate by Wyndham | |
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | Regional workshops |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, National media, Regional advertising |
| Operations | Number of Employees Required to Run: 30 | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 20 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Home2 Suites | Wingate by Wyndham | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Home2 Suites | |
| Wingate by Wyndham | |
| Franchise Fee | |
| Home2 Suites | |
| Wingate by Wyndham | |
| Royalty Fee | |
| Home2 Suites | 5% |
| Wingate by Wyndham | 4.50% |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| Wingate by Wyndham | 4% |
| Year Founded | |
| Home2 Suites | 2008 |
| Wingate by Wyndham | 1995 |
| Year Franchised | |
| Home2 Suites | 2009 |
| Wingate by Wyndham | 1995 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| Wingate by Wyndham | 20 years |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| Wingate by Wyndham | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| Wingate by Wyndham | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| Wingate by Wyndham | |
| Start-up Costs | |
| Home2 Suites | |
| Wingate by Wyndham | |
| Equipment | |
| Home2 Suites} | |
| Wingate by Wyndham | |
| Inventory | |
| Home2 Suites | |
| Wingate by Wyndham | |
| Receivables | |
| Home2 Suites | |
| Wingate by Wyndham | |
| Payroll | |
| Home2 Suites | |
| Wingate by Wyndham | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Wingate by Wyndham | Regional workshops |
| Support | |
| Home2 Suites | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Wingate by Wyndham | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Wingate by Wyndham | Co-op advertising, National media, Regional advertising |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| Wingate by Wyndham | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 20 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Home2 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 |
| Wingate by Wyndham | |
| Canada Expansion | |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Wingate by Wyndham | |
| International Expansion | |
| Home2 Suites | Worldwide, |
| Wingate by Wyndham | |