Start-Up Costs and Fees |
||
| WoodSpring Suites | GrandStay Residential Suites | |
| Investment | 5035000 - 7031000 | 117900 - 10090200 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 2.50% | 2% |
| Year Founded | 2003 | 2000 |
| Year Franchised | 2004 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| WoodSpring Suites | GrandStay Residential Suites | |
| Experience | ||
Financing Options |
||
| WoodSpring Suites | GrandStay Residential Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| WoodSpring Suites | GrandStay Residential 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 |
||
| WoodSpring Suites | GrandStay Residential 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 | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
| Franchise Fee | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
| Royalty Fee | |
| WoodSpring Suites | 5% |
| GrandStay Residential Suites | 5% |
| Advertising Fee | |
| WoodSpring Suites | 2.50% |
| GrandStay Residential Suites | 2% |
| Year Founded | |
| WoodSpring Suites | 2003 |
| GrandStay Residential Suites | 2000 |
| Year Franchised | |
| WoodSpring Suites | 2004 |
| GrandStay Residential Suites | 2000 |
| Term Of Agreement | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
| Renewal Fee | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
Business Experience Requirements |
|
| Experience | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
Financing Options |
|
| Franchise Fees | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
| Start-up Costs | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
| Equipment | |
| WoodSpring Suites} | |
| GrandStay Residential Suites | |
| Inventory | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
| Receivables | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
| Payroll | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
Training & Support |
|
| Training | |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| GrandStay Residential Suites | |
| Support | |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| GrandStay Residential Suites | |
| Marketing | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
| Operations | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
Expansion Plans |
|
| US Expansion | |
| WoodSpring Suites | |
| 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 |
| Canada Expansion | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |
| International Expansion | |
| WoodSpring Suites | |
| GrandStay Residential Suites | |