TRYP by Wyndham vs stayAPT Suites Franchise Comparison

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

Start-Up Costs and Fees
 
TRYP by Wyndham Franchise
stayAPT Suites Franchise
Investment $15,120,019 - $23,614,755$4,148,500 - $7,616,000
Franchise Fee $39,500N/A
Royalty Fee 5%-
Advertising Fee 4%-
Year Founded 19752018
Year Franchised 20112018
Term Of Agreement 15-20 YEARS-
Term Of Agreement 15-20 YEARS-
Renewal Fee Negotiable, renewable-


Business Experience Requirements
 
TRYP by Wyndham Franchise
stayAPT Suites Franchise
Experience --

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

Training & Support
 
TRYP by Wyndham Franchise
stayAPT Suites Franchise
Training On-The-Job Training: 3-4 days Classroom Training: 4 days -
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform -
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
stayAPT Suites Franchise
US Expansion YesYes
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 stayAPT Suites

"stayAPT
A stayAPT Suites™ hotel is an extended- stay hotel offering temporary housing on a weekly or monthly rental basis. stayAPT offers franchisees both the right to develop multiple Hotels under an Area Development Agreement (each Hotel requiring a separate Franchise Agreement) and individual Hotels under a Franchise Agreement.

The total investment necessary to begin operation of a stayAPT Suites™ Hotel with 59 units is from $4,148,500 to $5,378,500 and for 87 units is $6,052,500 to $7,616,000, excluding real estate costs. This includes $51,000 that must be paid to the franchisor or an affiliate. If you sign an Area Development Agreement, you must pay $30,000 for each Hotel you plan to develop, all of which is due at signing. The initial fee paid under the Area Development Agreement is in lieu of the initial franchise fee normally due for a Hotel when the Franchise Agreement for that Hotel is executed.