Hyatt vs WoodSpring Suites Franchise Comparison

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

Start-Up Costs and Fees

 
Hyatt Franchise
WoodSpring Suites Franchise
Investment $44,648,500 - $1,541,430,000$5,035,000 - $7,031,000
Franchise Fee $60,000 - $100,000$50,000
Royalty Fee -5%
Advertising Fee -2.5%
Year Founded 19572003
Year Franchised 20052004
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Hyatt Franchise
WoodSpring Suites Franchise
Experience --

Financing Options

 
Hyatt 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

 
Hyatt 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

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

Company Overviews

About Hyatt

An upscale select service hotel with a modern attitude. Designed for multi-tasking travelers seeking a select service hotel, Hyatt Place properties offer smart design and a relaxed setting with a 24/7 guest kitchen and grab n go case. Located in urban, airport and suburban areas, Hyatt Place features casual hospitality in a contemporary, technology-enabled environment. Sixteen new Hyatt Place hotels opened in North America in 2010 and more than 30 are under development in the U.S., India, Panama, Costa Rica and the Netherlands.

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#81 on Franchise Rankings.com

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