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Updated RecentlyWyndham Hotels & Resorts vs WoodSpring Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Wyndham Hotels & Resorts vs WoodSpring Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $42,112,580 - $69,188,897 | $5,035,000 - $7,031,000 |
| Franchise Fee | $54,500 | $50,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | 2.5% |
| Year Founded | 1981 | 2003 |
| Year Franchised | 1996 | 2004 |
| Term Of Agreement | 15-20 YEARS | - |
| Term Of Agreement | 15-20 YEARS | - |
| Renewal Fee | Negotiable, renewable | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/Yes | -/Yes |
| Payroll | No/Yes | -/Yes |
Training & Support |
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| Training | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Wyndham Hotels & Resorts
Wyndham Hotels and Resorts is an upscale full-benefit inn network with areas in business and get-away goals around the world. Inn pleasantries incorporate meeting spaces, eateries, business and wellness focuses. Resort areas offer golf, tennis, shorelines and spas. Wyndham Hotels and Resorts is a piece of Wyndham Worldwide, which spun off from Cendant Corporation in 2006.
As one of the world's biggest friendliness organizations, Wyndham Worldwide offers explorers around the world, and in addition inn financial specialists, engineers, and administrators, a wide suite of cordiality items and administrations crosswise over different settlement options and value ranges. We have manufactured a critical nearness in real friendliness showcases in the United States and all through the world.
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About WoodSpring Suites
WoodSpring® is the fastest growing brand in the economy extended stay segment.
- 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
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