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Below is an in-depth analysis and side-by-side comparison of Residence Inn vs Wyndham Garden including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | N/A | $446,776 - $14,378,293 |
Franchise Fee | N/A | $39,500 |
Royalty Fee | - | 5% |
Advertising Fee | - | 3% |
Year Founded | - | 1996 |
Year Franchised | - | 1996 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
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 | -/- | Yes/- |
Start-up Costs | -/- | Yes/- |
Equipment | -/- | -/Yes |
Inventory | -/- | Yes/- |
Receivables | -/- | -/- |
Payroll | -/- | -/Yes |
Training & Support |
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Training | - | On-The-Job Training: Up to 30 hours Classroom Training: 38-70 hours |
Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
Marketing | - | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
Designed as "home away from home" for travelers staying 5 or more nights - Residential atmosphere with spacious accommodations Features include: - Complimentary hot breakfast - Evening hospitality hour - Swimming pool - Sport Court - Personalized grocery shopping - Daily housekeeping - Guest suites with separate living and sleeping areas - Fully equipped kitchen - Work space with data ports and voicemail