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Updated RecentlyAFM Hospitality Corporation vs WoodSpring Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of AFM Hospitality Corporation 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 | $2,000,000 - $20,000,000 | $5,035,000 - $7,031,000 |
| Franchise Fee | $35,000 | $50,000 |
| Royalty Fee | 3% | 5% |
| Advertising Fee | 4% | 2.5% |
| Year Founded | 1991 | 2003 |
| Year Franchised | 1992 | 2004 |
| Term Of Agreement | 5/5/5/5 Years | - |
| Term Of Agreement | 5/5/5/5 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-Site 3-5 Days | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | Central Data Processing: Central Purchasing: Field Operation Evaluation: Field Training: Initial Store Opening: Franchisee Newsletter: Regional or National Meetings: 800 Telephone Hotline: | 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 AFM Hospitality Corporation
AFM is dedicated to being the best in hospitality services, nationwide. Wherever possible, the services we provide have been centralized, allowing the company to capitalize on economies of scale. All brands receive full training, quality assurance and franchise service support provided by a team of industry experts. The growth strategy for the company has been developed by a team of professionals, each with a specific area of expertise in the hospitality trade.
About WoodSpring Suites
WoodSpring® is the fastest growing brand in the economy extended stay segment.
- 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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