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Updated RecentlyComfort Suites vs WoodSpring Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Comfort Suites 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 | $307,125 - $9,243,275 | $5,035,000 - $7,031,000 |
| Franchise Fee | $50,000 | $50,000 |
| Royalty Fee | 5.65% | 5% |
| Advertising Fee | 3.85% | 2.5% |
| Year Founded | - | 2003 |
| Year Franchised | - | 2004 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal 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 | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/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 | - | - |
| International Expansion | - | - |
Company Overviews
About Comfort Suites
Choice Hotel's premier midscale, limited service,
all-suites brand.
The total investment necessary to convert an existing hotel and begin
operation of an 80-room COMFORT hotel franchise is between
$307,125-$1,967,495. The total investment necessary to begin operation
of a newly constructed 80-room COMFORT INN or COMFORT INN & SUITES
hotel franchise is between $4,638,625-$8,393,895, and the total
investment necessary to begin operation of a newly constructed 86-room
COMFORT SUITES hotel franchise is between $5,119,845-$9,243,275. This
includes the following fees that must be paid to the franchisor or its
affiliates as follows: an affiliation fee of $500 per room for new
franchises, $750 per room for transfers and renewals ($50,000 minimum
for new franchises, $65,000 minimum for transfers and renewals); a property
management system software license and systems training fee of between
$10,750 and $14,750; and orientation and hospitality training fees of
between $0 and $3,245 per person. These sums do not include the cost of
purchasing or leasing land or any real estate taxes.
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