TRYP by Wyndham vs WoodSpring Suites Franchise Comparison

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

Start-Up Costs and Fees

 
TRYP by Wyndham Franchise
WoodSpring Suites Franchise
Investment $15,120,019 - $23,614,755$5,035,000 - $7,031,000
Franchise Fee $39,500$50,000
Royalty Fee 5%5%
Advertising Fee 4%2.5%
Year Founded 19752003
Year Franchised 20112004
Term Of Agreement 15-20 YEARS-
Term Of Agreement 15-20 YEARS-
Renewal Fee Negotiable, renewable-


Business Experience Requirements

 
TRYP by Wyndham Franchise
WoodSpring Suites Franchise
Experience --

Financing Options

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

Training & Support

 
TRYP by Wyndham Franchise
WoodSpring Suites Franchise
Training On-The-Job Training: 3-4 days Classroom Training: 4 days On-The-Job Training: Upon request Classroom Training: Varies
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
Marketing Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
Operations --

Expansion Plans

 
TRYP by Wyndham Franchise
WoodSpring Suites Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion Yes-

Company Overviews

About TRYP by Wyndham

TRYP by Wyndham® is a select-benefit inn mark that as of now has more than 90 properties in the absolute most dynamic and cosmopolitan urban communities in Europe and South America and will soon be making its introduction in North America. TRYP lodgings take into account both business and relaxation voyagers who esteem personal satisfaction with expert greatness, and offer a novel affair that urges visitors to appreciate the city, mingle and live without limitations.

Begin!

Building a solid, gainful business takes assets. As a component of the Wyndham family, you get them. Select access to world-class improvement bolster administrations - Design, Development and Sourcing.

As one of the world's biggest cordiality organizations, Wyndham Worldwide offers explorers around the world, and in addition lodging speculators, designers, and administrators, a wide suite of friendliness items and administrations crosswise over different convenience choices and value ranges. We have manufactured a critical nearness in real cordiality showcases in the United States and all through the world.

We establishment inns in the upper upscale through economy fragments of the cabin business and give property administration administrations to upscale properties through Wyndham Hotel Management.

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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