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Updated RecentlySpringHill Suites Franchise
Hotel suites
Guest suites that are up to 25% larger than standard hotel rooms
Features include:
- Complimentary continental breakfast
- Self-serve business center
- Indoor pool
- Whirlpool/spa (most locations)
- High-speed internet access
- Exercise room.
newly-constructed prototypical SpringHill Suites by Marriott hotel,
excluding the cost of real estate and related costs (building permit,
tap, and impact fees), ranges from $9,403,000 to $20,678,400 for an 80
to 110-suite SpringHill Suites by Marriott hotel and from $13,266,100 to
$26,051,800 for a 120 to 150-suite SpringHill Suites by Marriott hotel.
This includes approximately $150,300 to $207,100 that must be paid to
the franchisor or an affiliate.
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How much does it cost to open a SpringHill Suites Franchise?
The investment required to open a SpringHill Suites Franchise is between $9,403,000-$26,051,800. There is an initial franchise fee of $60,000-$100,000 which grants you the license to run a business under the SpringHill Suites name.
Individual Unit Costs
- Initial Investment:
$9,403,000-$26,051,800 - Initial Franchise Fee:
$60,000-$100,000 - Royalty Fee:
N/A - Advertising Fee:
N/A
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SpringHill Suites News & Press Releases
When did SpringHill Suites start Franchising? 1998
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2007 | 141 | 0 | 1 | 0 |
To calculate how much income a franchise owner can do at SpringHill 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 SpringHill 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 SpringHill Suites franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
SpringHill Suites
SpringHill Suites by Marriott
10400 Fernwood Road
Bethesda,
MD
20817
