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Updated RecentlyTownePlace Suites Franchise
Hotel suites
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
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.
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How much does it cost to open a TownePlace Suites Franchise?
The investment required to open a TownePlace Suites Franchise is between $9,180,100-$25,635,600. There is an initial franchise fee of $50,000-$100,000 which grants you the license to run a business under the TownePlace Suites name.
Individual Unit Costs
- Initial Investment:
$9,180,100-$25,635,600 - Initial Franchise Fee:
$50,000-$100,000 - Royalty Fee:
N/A - Advertising Fee:
N/A
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When did TownePlace Suites start Franchising? 1997
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2007 | 122 | 0 | 0 | 0 |
To calculate how much income a franchise owner can do at TownePlace Suites Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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Listing Tags
Legal Disclaimer: This information is not a franchise offering for TownePlace Suites and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a TownePlace Suites franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
TownePlace Suites
Marriott Lodging
10400 Fernwood Road
Bethesda,
MD
20817