Start-Up Costs and Fees |
||
| Margaritaville Hotels & Resorts | WoodSpring Suites | |
| Investment | 10175000 - 115680000 | 5035000 - 7031000 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 2.50% | |
| Year Founded | 1985 | 2003 |
| Year Franchised | 2019 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Margaritaville Hotels & Resorts | WoodSpring Suites | |
| Experience | ||
Financing Options |
||
| Margaritaville Hotels & Resorts | WoodSpring Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Margaritaville Hotels & Resorts | WoodSpring Suites | |
| Training | On-The-Job Training: Upon request Classroom Training: Varies | |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| Margaritaville Hotels & Resorts | WoodSpring Suites | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
| Franchise Fee | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
| Royalty Fee | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | 5% |
| Advertising Fee | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | 2.50% |
| Year Founded | |
| Margaritaville Hotels & Resorts | 1985 |
| WoodSpring Suites | 2003 |
| Year Franchised | |
| Margaritaville Hotels & Resorts | 2019 |
| WoodSpring Suites | 2004 |
| Term Of Agreement | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
| Renewal Fee | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
Business Experience Requirements |
|
| Experience | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
Financing Options |
|
| Franchise Fees | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
| Start-up Costs | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
| Equipment | |
| Margaritaville Hotels & Resorts} | |
| WoodSpring Suites | |
| Inventory | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
| Receivables | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
| Payroll | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
Training & Support |
|
| Training | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
| Operations | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
Expansion Plans |
|
| US Expansion | |
| Margaritaville Hotels & Resorts | 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 |
| WoodSpring Suites | |
| Canada Expansion | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |
| International Expansion | |
| Margaritaville Hotels & Resorts | |
| WoodSpring Suites | |