TownePlace Suites vs TRYP by Wyndham Franchise Comparison

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

Start-Up Costs and Fees
 
TownePlace Suites Franchise
TRYP by Wyndham Franchise
Investment $9,180,100 - $25,635,600$15,120,019 - $23,614,755
Franchise Fee $50,000 - $100,000$39,500
Royalty Fee -5%
Advertising Fee -4%
Year Founded 19971975
Year Franchised 19972011
Term Of Agreement -15-20 YEARS
Term Of Agreement -15-20 YEARS
Renewal Fee -Negotiable, renewable


Business Experience Requirements
 
TownePlace Suites Franchise
TRYP by Wyndham Franchise
Experience --

Financing Options
 
TownePlace Suites Franchise
TRYP by Wyndham Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-Yes/Yes
Start-up Costs -/-Yes/Yes
Equipment -/--/Yes
Inventory -/-Yes/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
TownePlace Suites Franchise
TRYP by Wyndham Franchise
Training - On-The-Job Training: 3-4 days Classroom Training: 4 days
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
 
TownePlace Suites Franchise
TRYP by Wyndham Franchise
US Expansion -Yes
Canada Expansion -No
International Expansion -Yes

Company Overviews

About TownePlace Suites

TownePlace Suites: The Special Features of Our Extended Stay Hotels For your comfort Our extended stay hotel offers suites that are 25% larger than typical hotel rooms Luxury bedding - crisp linens, fluffier pillows, thicker mattresses Separate living and sleeping areas Three spacious floor plans: studio, 1- and 2-bedroom suites Electronic card-key locks Smoke detectors and sprinklers For your convenience Fully equipped kitchen including conventional full-size refrigerator/freezer, stovetop, oven, coffee maker, microwave, eating utensils, and dishwasher Adjoining studio suites available Suites designed for persons with disabilities available Sofa bed in some suites Separate telephone and data lines Iron and ironing board For your routines & relaxation Free high-speed Internet (in many hotels) Remote-controlled TV with premium channels, including HBO Exercise room & outdoor swimming pool

The total investment necessary to begin operation of a newly-constructed prototypical TownePlace Suites by Marriott hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $9,180,100 to $19,898,300 for an 80 to 110-suite TownePlace Suites by Marriott hotel and from $13,127,900 to $25,635,600 for a 120 to 150-suite TownePlace Suites by Marriott hotel. This includes approximately $150,300 to $217,100 that must be paid to the franchisor or an affiliate.

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.