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