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Updated RecentlyWoodSpring Suites vs SureStay Hotel by Best Western Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of WoodSpring Suites vs SureStay Hotel by Best Western including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $5,035,000 - $7,031,000 | $186,225 - $24,338,895 |
| Franchise Fee | $50,000 | N/A |
| Royalty Fee | 5% | - |
| Advertising Fee | 2.5% | - |
| Year Founded | 2003 | 2016 |
| Year Franchised | 2004 | 2016 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
||
| 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 | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
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
!["franchiserankingscom"]("https://d3t9r0kmeshe93.cloudfront.net/settings/71116cc7-281b-43ed-8275-5087635f96d8.png")
#40 on Franchise Rankings.com
About SureStay Hotel by Best Western
!["SureStay]("https://fddexchange.com/wp-content/uploads/2021/01/SureStay-Hotel-by-Best-Western-300x125.png")
SureStay Hotel Group® is a new hotel offering powered by
decades of proven success and experience. Find out how you can become a
business partner of this new hotel brand that will provide you with
proven playbooks to drive business results.
SureStay Hotel Group offer value-oriented travelers an
exceptional experience at an affordable price. Comprised of four
distinctive brands,
SureStay Hotel Group offers traditional and longer
stay travelers comfort and value while away from home.
The total investment necessary to begin operation of a newly
constructed 60-room SureStay Hotel by Best Western ranges from
$4,618,720 to $6,843,395. This includes $41,495 to $52,495 that must be
paid to the franchisor or its affiliate.
The total investment necessary
to begin operation of a 60-room SureStay Hotel by Best Western that has been converted from an
existing hotel ranges from $186,225 to $749,395. This includes $42,995
to $53,995 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin operation of a newly constructed 80-room SureStay Plus Hotel by Best Western ranges from $6,892,220 to $9,260,895. This includes $41,495 to $52,495 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin operation of a newly constructed 80-room SureStay Plus Hotel by Best Western ranges from $6,892,220 to $9,260,895. This includes $41,495 to $52,495 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin
operation of a 80-room SureStay Plus Hotel by Best Western that has been
converted from an existing hotel ranges from $256,225 to $986,895. This
includes $42,995 to $53,995 that must be paid to the franchisor or its
affiliate.
The total investment necessary to begin operation of a newly constructed 100-room SureStay Studio by Best Western ranges from $6,892,220 to $9,291,935. This includes $41,495 to $52,495 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin operation of a newly constructed 100-room SureStay Studio by Best Western ranges from $6,892,220 to $9,291,935. This includes $41,495 to $52,495 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin
operation of a 100-room SureStay Studio by Best Western that has been converted
from an existing hotel ranges from $256,225 to $987,935. This includes
$42,995 to $53,995 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin operation of a newly constructed 200-room SureStay Collection by Best Western ranges from $18,550,220 to $24,338,895. This includes $51,495 to $62,495 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin operation of a newly constructed 200-room SureStay Collection by Best Western ranges from $18,550,220 to $24,338,895. This includes $51,495 to $62,495 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin
operation of a 200-room SureStay Collection by Best Western that has
been converted from an existing hotel ranges from $911,325 to
$2,583,895. This includes $52,995 to $63,995 that must be paid to the
franchisor or its affiliate.