Value Place vs Hotel RL Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Value Place vs Hotel RL including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Value Place Franchise
Hotel RL Franchise
Investment $5,035,000 - $7,031,000$1,335,000 - $36,191,500
Franchise Fee $5,000$40,000 - $75,000
Royalty Fee 5%5%
Advertising Fee -3.5%
Year Founded 20032005
Year Franchised 20042005
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of current fran. fee-


Business Experience Requirements
 
Value Place Franchise
Hotel RL Franchise
Experience --

Financing Options
 
Value Place Franchise
Hotel RL Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Value Place Franchise
Hotel RL Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Value Place Franchise
Hotel RL Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Value Place

Convenient Options for Temporary Housing

Enjoy 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.

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 Hotel RL

"Hotel

Hotel RL is an experience of all things authentic, creative and curious. Offering a taste of the local scene in a laid-back environment, we invite open-minded travelers to work, play and pursue their passions freely. Made for explorers and curious minds, Hotel RL captures the spirit of adventure and creativity within comfortable and modern conveniences designed for a new generation of traveler, complete with exciting lobbies, free Wi-Fi, trained Victrola Coffee baristas, performance spaces, and more surprises along the way.   Stay Curious.

The total investment necessary to begin operation of a 150-room Hotel RL Hotel with a minimal food and beverage offering is estimated to range between $27,849,250 to $36,191,500 for new development and $1,335,000 to $4,001,500 for conversion hotels. These amounts include $90,500 to $111,000 that must be paid to the franchisor. These amounts do not include the cost of purchasing or leasing land or any real estate taxes.