Ramada Worldwide vs Studio 6 Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Ramada Worldwide vs Studio 6 including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Ramada Worldwide Franchise
Studio 6 Franchise
Investment $220,731 - $9,291,313$206,850 - $9,621,350
Franchise Fee $35,000$20,000 - $30,000
Royalty Fee 4.5%5%
Advertising Fee 4%2%
Year Founded 19541998
Year Franchised 19901999
Term Of Agreement 15-20 years10-15 years
Term Of Agreement 15-20 years10-15 years
Renewal Fee -50% of current franchise fee


Business Experience Requirements
 
Ramada Worldwide Franchise
Studio 6 Franchise
Experience -
  • General business experience
    		•

    Financing Options
     
    Ramada Worldwide Franchise
    Studio 6 Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs Yes/NoNo/Yes
    Equipment Yes/NoNo/Yes
    Inventory Yes/NoNo/Yes
    Receivables Yes/NoNo/No
    Payroll Yes/NoNo/No

    Training & Support
     
    Ramada Worldwide Franchise
    Studio 6 Franchise
    Training Regional workshops On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
    Marketing Co-op advertising, Ad slicks, National media, Regional advertisingCo-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app
    Operations

    Number of employees needed to run franchised unit: 10 - 15

    Absentee ownership of franchise is allowed.

    		 Absentee Ownership Allowed

    Expansion Plans
     
    Ramada Worldwide Franchise
    Studio 6 Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Ramada Worldwide

    In 1954 a group of investors opened an inn in Flagstaff, Arizona, the first in a series of motor hotels to be opened by the group. Five years later, the chain was named Ramada, meaning 'a shaded resting place' in Spanish. Today Ramada, which has been owned by Cendant Corp. since 1997, operates hotels throughout the United States. The company is comprised of three segments, Ramada Inns, Ramada Limiteds and Ramada Plaza Hotels, serving value-conscious and mid-market travelers.

    Ramada Worldwide Inc. is a Delaware company, a backup of Wyndham Hotel Group, LLC, which is possessed by Wyndham Worldwide Corporation. They claim the exclusive Ramada System, giving transient visitor lodging administrations to the general population, including certain exchange names, benefit marks and other business images. They offer and bolster establishments for Ramada Chain visitor lodging offices.

    Establishment Offer: Qualified people are offered an establishment to work a Ramada Chain visitor lodging office at a solitary, characterized area. There are two distinct sorts of offices:

    1) A "Ramada" office offers agreeable alluring lodging at mid to upper mid-advertise rates in many markets, and has around 100 visitor rooms. A Ramada Facility highlights either a cordiality range with both relaxation seating and breakfast seating and administration territories and also a "Ramada Convenience Mart", or a full administration eatery and mixed drink relax. Ramada Facilities additionally have meeting rooms, ringer benefit upon demand, complimentary rapid web get to, clothing/valet benefit, a swimming pool and a wellness office.

    2) A "Ramada Plaza Hotel" office is an inside hall structure of no less than four stories. It by and large has no less than 150 visitor rooms, maybe a couple eateries, meal and meeting offices pleasing no less than 100 individuals, a mixed drink relax, a board room, swimming pool and practice offices, a business focus, a sundry shop, and chime, valet and room administrations.

    The total investment necessary to begin operation of a Ramada franchise for a new construction project ranges from the low end of $6,536,015 for a 100 room Ramada facility to the high end of $15,007,666 for a 150 room Ramada Plaza facility.
    The total investment necessary to begin operation of a Ramada franchise if you already own a facility typically ranges from the low end of $220,731 for a 100 room Ramada facility to the high end of $6,884,239 for a 150 room Ramada Plaza facility. Land acquisition costs are not included in these ranges. The above amounts include a range of $43,900 to $89,225 that must be paid to the franchisor or an affiliate.

    #276 in Franchise 500 for 2020.
    #368 in Franchise 500 for 2021.








    About Studio 6

    Extend Your Stay, Not Your Budget
     Studio 6 taps into the national recognition of Motel 6, while having developed a following all its own. 
    Studio 6 properties feature fully furnished studios with low weekly rates and amenities for comfortable, restful extended stays. The properties are easy to operate and manage with favorable weekly pricing. Invest in one of the segment's fastest growing brands. Motel 6 introduced Studio 6 in 1998 as an extended-stay option for travelers.
    Franchising since 1999, Studio 6 offers furnished studio rooms, complete with work areas and fully furnished kitchens. The company is based in Dallas.
     Franchise opportunities are available for: Seasoned quality-oriented developers or operators, and; Those new to the lodging industry.
    Franchisee Benefits:
     * Complete prototype design
     * Architectural, construction and renovation support
     * Powerful marketing support and national advertising
     * Competitive franchise and royalty fees
     * Protected market territories
     * Personalized operational support
     * Initial training at our corporate headquarters
     * Ongoing training on the field and online
     * Adherence to fair franchising initiatives
     * One-stop shopping for all purchasing needs

    Seeking new franchise units throughout the U.S., Asia, Canada, Central America, Mexico and South America    

    Veteran Incentives  $1,500 general-manager training fee waived
                              
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    #28 on Franchise Rankings.com

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    #412 in Franchise 500 for 2020.