Mainstay Suites vs Canopy Franchise Comparison

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

Start-Up Costs and Fees
 
Mainstay Suites Franchise
Canopy Franchise
Investment $290,825 - $13,479,816$44,872,050 - $114,186,475
Franchise Fee $30,000$75,000
Royalty Fee 5%5%
Advertising Fee 2.5%4%
Year Founded -2007
Year Franchised -2007
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
Mainstay Suites Franchise
Canopy Franchise
Experience --

Financing Options
 
Mainstay Suites Franchise
Canopy Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Mainstay Suites Franchise
Canopy Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Mainstay Suites Franchise
Canopy Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Mainstay Suites

Strong brand for the strong midscale, extended-stay market.
MainStay Suites® is an all suites extended stay brand that helps guests maintain their lifestyle during time away from home. Designed with welcoming, residential style architecture, MainStay Suites hotels feature multiple suite types, regional exterior options and the amenities to help guests live like home.

About Canopy

"Canopy
The Hilton Performance Advantage is an integrated system of innovative solutions and advanced technologies that work together to drive increased business and keep costs down, without compromising quality. Together, these seven services provide access to the latest tools, technologies, forward-thinking strategies, and the most influential people in the industry to create an unrivaled competitive advantage.

#210 in Franchise 500 for 2021   Not in Franchise 500 for 2020