Key West Inns vs WoodSpring Suites Franchise Comparison

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

Start-Up Costs and Fees

 
Key West Inns Franchise
WoodSpring Suites Franchise
Investment $32,149 - $8,713,147$5,035,000 - $7,031,000
Franchise Fee $14,000$50,000
Royalty Fee 2%5%
Advertising Fee 2%2.5%
Year Founded 19892003
Year Franchised 19892004
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Key West Inns Franchise
WoodSpring Suites Franchise
Experience --

Financing Options

 
Key West Inns Franchise
WoodSpring Suites Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/Yes
Start-up Costs No/No-/Yes
Equipment No/No-/Yes
Inventory No/No-/Yes
Receivables No/No-/Yes
Payroll No/No-/Yes

Training & Support

 
Key West Inns Franchise
WoodSpring Suites 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

 
Key West Inns Franchise
WoodSpring Suites Franchise
US Expansion --
Canada Expansion No-
International Expansion No-

Company Overviews

About Key West Inns

Key West Inns, Inc. is a hotel franchising company that borrows the looks and feel of South Florida in architectural style and appearance. All hotels feature the amenities that corporate travelers need while offering a relaxing atmosphere that will please families and senior travelers.

The total investment necessary to begin operation of a Key West Lodging Facility franchised business is between $3,4667,149 and $8,713,147 for a newly constructed hotel. This includes between $27,999 and $52,497 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of a Key West Lodging Facility franchised business is between $32,149 and $1,633,147 for the conversion of an existing hotel. This includes between $20,999 and $52,497 that must be paid to the franchisor or its affiliate(s).

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

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