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Updated RecentlyHospitality vs WoodSpring Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hospitality vs WoodSpring Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $133,600 - $2,602,000 | $5,035,000 - $7,031,000 |
| Franchise Fee | $5,000 - $15,000 | $50,000 |
| Royalty Fee | $35/rm/night | 5% |
| Advertising Fee | - | 2.5% |
| Year Founded | 1971 | 2003 |
| Year Franchised | 1982 | 2004 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/Yes |
| Start-up Costs | No/No | -/Yes |
| Equipment | No/No | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | 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 | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | - |
| 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 |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | - |
| International Expansion | Yes | - |
Company Overviews
About Hospitality
Southern Scottish Inns Inc. and Red Carpet Inns Int'l. Inc. founded Hospitality Int'l. Inc. in 1982.
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About WoodSpring Suites
WoodSpring® is the fastest growing brand in the economy extended stay segment.
Designed with purpose to offer exactly what the extended stay
guest needs, we’ve stripped away the unnecessary extras and infused
form, function and beauty into what’s left. The result for owners is a
brand that’s tightly optimized to help enable profitability.
- Cost-effective prototype, designed to be built in less than 12 months
- Proven, lean operating model that enables maximum efficiency for owners
- Proprietary vendor relationships and hands-on support enable expedited openings
- Dedicated, extended stay national sales team
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#40 on Franchise Rankings.com