SpringHill Suites vs WoodSpring Suites Franchise Comparison

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

Start-Up Costs and Fees

 
SpringHill Suites Franchise
WoodSpring Suites Franchise
Investment $9,403,000 - $26,051,800$5,035,000 - $7,031,000
Franchise Fee $60,000 - $100,000$50,000
Royalty Fee -5%
Advertising Fee -2.5%
Year Founded 19982003
Year Franchised 19982004
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
SpringHill Suites Franchise
WoodSpring Suites Franchise
Experience --

Financing Options

 
SpringHill Suites Franchise
WoodSpring Suites Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support

 
SpringHill Suites 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

 
SpringHill Suites Franchise
WoodSpring Suites Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About SpringHill Suites

Moderately priced, all-suite lodging brand Guest suites that are up to 25% larger than standard hotel rooms Features include: - Complimentary continental breakfast - Self-serve business center - Indoor pool - Whirlpool/spa (most locations) - High-speed internet access - Exercise room.

The total investment necessary to begin operation of a newly-constructed prototypical SpringHill Suites by Marriott hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $9,403,000 to $20,678,400 for an 80 to 110-suite SpringHill Suites by Marriott hotel and from $13,266,100 to $26,051,800 for a 120 to 150-suite SpringHill Suites by Marriott hotel. This includes approximately $150,300 to $207,100 that must be paid to the franchisor or an affiliate.

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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