Start-Up Costs and Fees |
||
| Hospitality | Staybridge Suites | |
| Investment | 133600 - 2602000 | 15352595 - 22436565 |
| Franchise Fee | 0 | |
| Royalty Fee | $35/rm/night | 5% |
| Advertising Fee | ||
| Year Founded | 1971 | 1998 |
| Year Franchised | 1982 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hospitality | Staybridge Suites | |
| Experience | ||
Financing Options |
||
| Hospitality | Staybridge Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hospitality | Staybridge Suites | |
| Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | Ad Templates National Media SEO Website development Loyalty program/app |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Hospitality | Staybridge 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 |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hospitality | |
| Staybridge Suites | |
| Franchise Fee | |
| Hospitality | |
| Staybridge Suites | |
| Royalty Fee | |
| Hospitality | $35/rm/night |
| Staybridge Suites | 5% |
| Advertising Fee | |
| Hospitality | |
| Staybridge Suites | |
| Year Founded | |
| Hospitality | 1971 |
| Staybridge Suites | 1998 |
| Year Franchised | |
| Hospitality | 1982 |
| Staybridge Suites | 1998 |
| Term Of Agreement | |
| Hospitality | 5 years |
| Staybridge Suites | |
| Renewal Fee | |
| Hospitality | |
| Staybridge Suites | |
Business Experience Requirements |
|
| Experience | |
| Hospitality | |
| Staybridge Suites | |
Financing Options |
|
| Franchise Fees | |
| Hospitality | No |
| Staybridge Suites | No |
| Start-up Costs | |
| Hospitality | |
| Staybridge Suites | |
| Equipment | |
| Hospitality} | |
| Staybridge Suites | |
| Inventory | |
| Hospitality | |
| Staybridge Suites | |
| Receivables | |
| Hospitality | |
| Staybridge Suites | |
| Payroll | |
| Hospitality | |
| Staybridge Suites | |
Training & Support |
|
| Training | |
| Hospitality | Classroom Training: 10.5 hours Additional Training: At regional training seminars |
| Staybridge Suites | |
| Support | |
| Hospitality | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Staybridge Suites | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Hospitality | Ad Templates Regional Advertising Social media Website development Email marketing |
| Staybridge Suites | Ad Templates National Media SEO Website development Loyalty program/app |
| Operations | |
| Hospitality | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
| Staybridge Suites | |
Expansion Plans |
|
| US Expansion | |
| Hospitality | 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 |
| Staybridge Suites | |
| Canada Expansion | |
| Hospitality | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Staybridge Suites | |
| International Expansion | |
| Hospitality | |
| Staybridge Suites | |