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