Updated RecentlyEnjoy the convenience of fully furnished suites and amenities that help you feel at home. Whether you’re traveling for work, moving to a new city, visiting family, remodeling you home, or you just need a place to stay for a while, we’re here for you. With nearly 300 locations across the country - and new hotels opening this year - it’s easy to find the WoodSpring Suites hotel that meets your needs.
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Value Place vs WoodSpring Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Value Place 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 | $5,035,000 - $7,031,000 | $5,035,000 - $7,031,000 |
| Franchise Fee | $5,000 | $50,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | - | 2.5% |
| Year Founded | 2003 | 2003 |
| Year Franchised | 2004 | 2004 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | 50% of current fran. fee | - |
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/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 |
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| 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 |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Value Place
Convenient Options for Temporary Housing
How to Save Even More With Our Monthly Pre-Paid Rates
- Search for your destination on WoodSpring.com with a date range of 28+ nights.
- Look for our exclusive "Stay Longer and Save” rates.
- Pre-pay for the first 28 nights of your stay when you check in, then pay every 28-nights for the rest of your stay.
- The price you see, plus taxes and fees, is the price you’ll pay. The rate you see is the discounted rate for your 28+ night stay.
Planning a shorter visit? Check out our affordable weekly rates.
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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#40 on Franchise Rankings.com