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Franchise WoodSpring Suites

Investments

$5,035,000

Franchise fee

$50,000

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Short information

$5,035,000

$5,035,000

Investments

$1,000,000

$1,000,000

Minimum Cash

2

2

Wishing to buy

2003

2003

Year Brand Started

196

196

Offices

2004

2004

Year Franchising Started

Franchise WoodSpring Suites

Investments

$5,035,000

Offices

196

Franchise Fee

50000

Short information

2003

Year Brand Started

2004

Year Franchising Started

About Franchise

WoodSpring Suites delivers an extended stay hotel experience to a broad demographic who are down to earth and have practical needs. They want the basics done really well. Our focus is simple: a welcoming environment, a friendly smile, and a straightforward stay.

Our Brand Position

We conducted a tremendous amount of research to determine what was most important to guests. What they told us lead to our brand position and tagline – It’s Simple. Done Better.

What We Stand For

Three brand attributes are core to our brand and guide everything we say and everything we do to ensure we earn a reputation for a simply better way to live away:

Franchise WoodSpring Suites

We Keep It Reasonable.

We’ve got a great reputation for giving guests just what they need in a laid-back, friendly environment at a phenomenal price that improves, per night, the longer they stay. Our guests only pay for those things that matter most to them – not the things that don’t!

Super-clean hotels and good rooms let guests be themselves, be productive, or just relax. Well-designed in-room kitchens all them to cook and enjoy meals. Guest laundry and vending is available 24/7, wi-fi and parking are always free. Pets welcome for a small fee.

We Keep It Simple.

Guests have told us that one of the things that makes them feel good about staying at WoodSpring Suites is our effort to keep everything as simple and hassle-free as possible – from finding a location, to feeling at home, to checking-out after their stay.

Hotel staff keeps the building and rooms clean and functional, an easy check-in experience and ongoing support keep guests at ease. Our locations, rooms, amenities, and options are described in straight-forward ways and we’re always open about how we’re different.

We Keep It Real.

We believe our guests should always be treated with respect and know their business is appreciated. We know they have other options and we want to honor their choice to stay with us by providing them a direct, easy experience and appropriate support.

Our hotel staff is a major part of honoring this promise. Smaller teams are “different” – they are always friendly and genuine and relate to our guests. They get to “know” longer stay guests and always provide a smile and assistance to make guests feel at home.

Franchise WoodSpring Suites

WoodSpring Suites, the nation’s fastest growing economy extended stay hotel brand – poised for expansive growth.

Just as we commit to “simple done better” for our guests, we do the same for our strategic partners. That means: easy to execute brand standards; hassle-free processes for reporting and payment; easy-to-access support; building design that streamlines construction and maintenance to conserve resources; a staffing plan that reduces overhead; an industry-leading operations model that fosters strong performance; and straight-forward contracts and agreements.

We support a culture of friendliness, respect and plain-speak. We have a down-to-earth, can-do attitude and show appreciation to our partners for their commitment to our brand.

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Finance Information

Investments: $5,035,000 – $7,031,000

Franchise fee: $50,000

Royalty fee: 5%

Minimum Cash: $1,000,000

Net Worth: $3,000,000

Training and Support

  • The WoodSpring Suites team can help with real estate and construction needs.
  • Our hotels receive dynamic sales and marketing support and guest revenue 24/7.
  • Franchisees get Operational Support services that can improve hotel performance.
  • Our development team can help you get started with a WoodSpring Suites franchise.

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Training

Yes

Business Type

Franchise

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