Start-Up Costs and Fees |
||
| Wyndham Hotels & Resorts | WoodSpring Suites | |
| Investment | 42112580 - 69188897 | 5035000 - 7031000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | 2.50% |
| Year Founded | 1981 | 2003 |
| Year Franchised | 1996 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Wyndham Hotels & Resorts | WoodSpring Suites | |
| Experience | ||
Financing Options |
||
| Wyndham Hotels & Resorts | WoodSpring Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Wyndham Hotels & Resorts | WoodSpring Suites | |
| Training | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 | |
Expansion Plans |
||
| Wyndham Hotels & Resorts | WoodSpring Suites | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Wyndham Hotels & Resorts | |
| WoodSpring Suites | |
| Franchise Fee | |
| Wyndham Hotels & Resorts | |
| WoodSpring Suites | |
| Royalty Fee | |
| Wyndham Hotels & Resorts | 5% |
| WoodSpring Suites | 5% |
| Advertising Fee | |
| Wyndham Hotels & Resorts | 3% |
| WoodSpring Suites | 2.50% |
| Year Founded | |
| Wyndham Hotels & Resorts | 1981 |
| WoodSpring Suites | 2003 |
| Year Franchised | |
| Wyndham Hotels & Resorts | 1996 |
| WoodSpring Suites | 2004 |
| Term Of Agreement | |
| Wyndham Hotels & Resorts | 15-20 YEARS |
| WoodSpring Suites | |
| Renewal Fee | |
| Wyndham Hotels & Resorts | Negotiable, renewable |
| WoodSpring Suites | |
Business Experience Requirements |
|
| Experience | |
| Wyndham Hotels & Resorts | |
| WoodSpring Suites | |
Financing Options |
|
| Franchise Fees | |
| Wyndham Hotels & Resorts | No |
| WoodSpring Suites | No |
| Start-up Costs | |
| Wyndham Hotels & Resorts | |
| WoodSpring Suites | |
| Equipment | |
| Wyndham Hotels & Resorts} | |
| WoodSpring Suites | |
| Inventory | |
| Wyndham Hotels & Resorts | |
| WoodSpring Suites | |
| Receivables | |
| Wyndham Hotels & Resorts | |
| WoodSpring Suites | |
| Payroll | |
| Wyndham Hotels & Resorts | |
| WoodSpring Suites | |
Training & Support |
|
| Training | |
| Wyndham Hotels & Resorts | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | |
| Wyndham Hotels & Resorts | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| Wyndham Hotels & Resorts | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| WoodSpring Suites | |
| Operations | |
| Wyndham Hotels & Resorts | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 |
| WoodSpring Suites | |
Expansion Plans |
|
| US Expansion | |
| Wyndham Hotels & Resorts | |
| WoodSpring Suites | |
| Canada Expansion | |
| Wyndham Hotels & Resorts | 0 |
| WoodSpring Suites | |
| International Expansion | |
| Wyndham Hotels & Resorts | |
| WoodSpring Suites | |