Hilton Hotels & Resorts vs WoodSpring Suites Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Hilton Hotels & Resorts vs WoodSpring Suites including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Hilton Hotels & Resorts Franchise
WoodSpring Suites Franchise
Investment $30,581,105 - $128,987,095$5,035,000 - $7,031,000
Franchise Fee $75,000$50,000
Royalty Fee 5%5%
Advertising Fee 4%2.5%
Year Founded 19192003
Year Franchised 19652004
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee Same as initial fee-


Business Experience Requirements
 
Hilton Hotels & Resorts Franchise
WoodSpring Suites Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Hilton Hotels & Resorts Franchise
    WoodSpring Suites Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/Yes
    Start-up Costs No/Yes-/Yes
    Equipment No/Yes-/Yes
    Inventory No/Yes-/Yes
    Receivables No/Yes-/Yes
    Payroll No/Yes-/Yes

    Training & Support
     
    Hilton Hotels & Resorts Franchise
    WoodSpring Suites Franchise
    Training On-The-Job Training Classroom Training On-The-Job Training: Upon request Classroom Training: Varies
    Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet PlatformPurchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
    Marketing Ad Templates National Media SEO Loyalty program/app-
    Operations

    Number of employees needed to run franchised unit: 150

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    Hilton Hotels & Resorts Franchise
    WoodSpring Suites Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Hilton Hotels & Resorts

    Hilton is part of the portfolio of brands at Hilton Worldwide, which has hotels in more than 90 countries. Other Hilton Worldwide brands include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hampton by Hilton, Hilton Garden Inn, Homewood Suites by Hilton, Home2 Suites by Hilton, Curio - A Collection by Hilton, Canopy by Hilton and Hilton Grand Vacations.

    Veteran Incentives  Varies
    ""   "Entrepreneur

    #101 in Franchise 500 for 2020.
    #132 in Franchise 500 for 2021.

    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

    "franchiserankingscom"
    #40 on Franchise Rankings.com