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Updated RecentlySuburban vs TRYP by Wyndham Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Suburban vs TRYP by Wyndham including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $149,175 - $8,513,044 | $15,120,019 - $23,614,755 |
| Franchise Fee | $30,000 | $39,500 |
| Royalty Fee | 4% | 5% |
| Advertising Fee | - | 4% |
| Year Founded | 1986 | 1975 |
| Year Franchised | 1989 | 2011 |
| Term Of Agreement | 10 years | 15-20 YEARS |
| Term Of Agreement | 10 years | 15-20 YEARS |
| Renewal Fee | $30K or $225/room | Negotiable, renewable |
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/Yes |
| Start-up Costs | No/No | Yes/Yes |
| Equipment | No/No | -/Yes |
| Inventory | No/No | Yes/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | On-The-Job Training: 3-4 days Classroom Training: 4 days |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 10
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | No | Yes |
Company Overviews
About Suburban
Suburban Extended Stay Hotel is Choice Hotels International's economy brand in one of the most desirable hotel segments today-extended stay. Suburban provides a simple solution for longer-term housing that's as pleasant as it is affordable. Value-conscious guests looking to stay for a day, a week, a month or longer enjoy just the right hotel amenities including well-equipped kitchens in all the rooms, weekly housekeeping, guest laundry, free cable TV and high speed Internet service. The flexible floor plan concept allows for conversions, easily adopting local market-driven design, guest room mix and suitable extended stay guest room features, along with an optional fitness center, meeting space or swimming pool.
In 2015, Suburban brand hotels received an average of 63.6% of gross room revenue through the Choice Hotels Central Reservations System (CRS) and other Choice Hotels marketing channels.
Suburban Extended Stay Hotel franchise is supported by a nationwide team of Area Directors (AD's) who provide local market assessments, pricing and rate structure support, and operational training. Dedicated, Extended Stay sales training provides the skills necessary to compete effectively in the local market. This support makes sure your hotel adheres to the extended stay business model for optimal performance.
About TRYP by Wyndham
TRYP by Wyndham® is a select-benefit inn mark that as of now has more than 90 properties in the absolute most dynamic and cosmopolitan urban communities in Europe and South America and will soon be making its introduction in North America. TRYP lodgings take into account both business and relaxation voyagers who esteem personal satisfaction with expert greatness, and offer a novel affair that urges visitors to appreciate the city, mingle and live without limitations.
Begin!
Building a solid, gainful business takes assets. As a component of the Wyndham family, you get them. Select access to world-class improvement bolster administrations - Design, Development and Sourcing.
As one of the world's biggest cordiality organizations, Wyndham Worldwide offers explorers around the world, and in addition lodging speculators, designers, and administrators, a wide suite of friendliness items and administrations crosswise over different convenience choices and value ranges. We have manufactured a critical nearness in real cordiality showcases in the United States and all through the world.
We establishment inns in the upper upscale through economy fragments of the cabin business and give property administration administrations to upscale properties through Wyndham Hotel Management.