WoodSpring Suites vs Hyatt House Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
WoodSpring Suites Franchise
Hyatt House Hotels Franchise
Investment $5,035,000 - $7,031,000$15,269,000 - $30,124,500
Franchise Fee $50,000$60,000 - $100,000
Royalty Fee 5%-
Advertising Fee 2.5%-
Year Founded 20031957
Year Franchised 20042011
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
WoodSpring Suites Franchise
Hyatt House Hotels Franchise
Experience --

Financing Options
 
WoodSpring Suites Franchise
Hyatt House Hotels Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/Yes-/-
Payroll -/Yes-/-

Training & Support
 
WoodSpring Suites Franchise
Hyatt House Hotels 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 --
Operations --

Expansion Plans
 
WoodSpring Suites Franchise
Hyatt House Hotels Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

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


About Hyatt House Hotels

In 1957, Jay Pritzker purchased the first Hyatt property, and it was named Hyatt House.
Today, we provide hotels that guests can not only stay in, but live in. No matter how long you stay, relax and settle into our house as if it were your own.