Start-Up Costs and Fees |
||
| Home2 Suites | WoodSpring Suites | |
| Investment | 9102300 - 17456500 | 5035000 - 7031000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3.50% | 2.50% |
| Year Founded | 2008 | 2003 |
| Year Franchised | 2009 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | WoodSpring Suites | |
| Experience | ||
Financing Options |
||
| Home2 Suites | WoodSpring Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Home2 Suites | WoodSpring Suites | |
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Number of Employees Required to Run: 30 | |
Expansion Plans |
||
| Home2 Suites | 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 | 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 | |
| Home2 Suites | |
| WoodSpring Suites | |
| Franchise Fee | |
| Home2 Suites | |
| WoodSpring Suites | |
| Royalty Fee | |
| Home2 Suites | 5% |
| WoodSpring Suites | 5% |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| WoodSpring Suites | 2.50% |
| Year Founded | |
| Home2 Suites | 2008 |
| WoodSpring Suites | 2003 |
| Year Franchised | |
| Home2 Suites | 2009 |
| WoodSpring Suites | 2004 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| WoodSpring Suites | |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| WoodSpring Suites | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| WoodSpring Suites | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| WoodSpring Suites | |
| Start-up Costs | |
| Home2 Suites | |
| WoodSpring Suites | |
| Equipment | |
| Home2 Suites} | |
| WoodSpring Suites | |
| Inventory | |
| Home2 Suites | |
| WoodSpring Suites | |
| Receivables | |
| Home2 Suites | |
| WoodSpring Suites | |
| Payroll | |
| Home2 Suites | |
| WoodSpring Suites | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | |
| 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 |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| WoodSpring Suites | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| WoodSpring Suites | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| WoodSpring Suites | |
| Canada Expansion | |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| WoodSpring Suites | |
| International Expansion | |
| Home2 Suites | Worldwide, |
| WoodSpring Suites | |