Red Carpet Inn vs WoodSpring Suites Franchise Comparison

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

Start-Up Costs and Fees
	Red Carpet Inn Franchise	WoodSpring Suites Franchise
Investment	$133,600 - $2,602,000	$5,035,000 - $7,031,000
Franchise Fee	$6,000 - $16,000	$50,000
Royalty Fee	3%	5%
Advertising Fee	2.5%	2.5%
Year Founded	1982	2003
Year Franchised	1982	2004
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	-
Business Experience Requirements
	Red Carpet Inn Franchise	WoodSpring Suites Franchise
Experience	-	-
Financing Options
	Red Carpet Inn Franchise	WoodSpring Suites Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/-	-/Yes
Start-up Costs	-/-	-/Yes
Equipment	-/-	-/Yes
Inventory	-/-	-/Yes
Receivables	-/-	-/Yes
Payroll	-/-	-/Yes
Training & Support
	Red Carpet Inn Franchise	WoodSpring Suites Franchise
Training	-	On-The-Job Training: Upon request Classroom Training: Varies
Support	-	Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
Marketing	Hospitality International's Marketing Team works in concert with the Franchise Development Team for the purpose of finding new resources to attract new guests and to retain the current guest base of our franchised locations. In addition, the two teams collaborate to discover creative and cost effective ways to promote Hospitality International's five brands to encourage brand recognition and loyalty. Increasing Reservations is a key component of the Marketing Department's responsibility. Therefore, Corporate Discount Programs, Advertising and E-commerce efforts all combine to support and enhance our Reservation Services. Local Marketing efforts and Training opportunities are discussed in the Support & Benefits section of this site. Logos divider	-
Operations	-	-
Expansion Plans
	Red Carpet Inn Franchise	WoodSpring Suites Franchise
US Expansion	-	-
Canada Expansion	-	-
International Expansion	-	-

Company Overviews

About Red Carpet Inn

The Red Carpet Inn brand has been a stable entity in the lodging industry since 1968. Locations include limited and full-service facilities in the economy to mid-level price ranges.

Since their inception, Red Carpet Inn and Red Carpet Inn & Suites have provided a great value in the franchise arena for owners who seek to maximize the "bottom line" of their investments and the opportunity of managing their own facilities and room rates. They are easily able to meet the requirements dictated by their local markets while maintaining reasonable franchise standards and receiving the benefits of belonging to a franchise system. Services to our franchisees are designed to streamline and simplify the owner's efforts in maintaining and marketing their investments. As a franchisee of Hospitality International, Inc., you can expect no costly surprises and fair, consistent treatment and respect from your corporate franchise staff. You can also rely on personal and prompt common sense service.

About WoodSpring Suites

WoodSpring® is the fastest growing brand in the economy extended stay segment.