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Updated RecentlyWoodSpring Suites vs Hyatt Place Hotels Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of WoodSpring Suites vs Hyatt Place Hotels 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 | $15,269,000 - $30,124,500 |
| Franchise Fee | $50,000 | $60,000 - $100,000 |
| Royalty Fee | 5% | - |
| Advertising Fee | 2.5% | - |
| Year Founded | 2003 | 2005 |
| Year Franchised | 2004 | 2005 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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-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
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#40 on Franchise Rankings.com
About Hyatt Place Hotels
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At
Hyatt Place we do things differently. We combine style, innovation and
24/7 convenience to create a perfectly seamless stay with every modern
comfort you deserve. You never have to settle for any place less than
Hyatt Place.
- Free Wi-Fi, everywhere
-A.M. Kitchen Skillet™ breakfast served daily, free with your stay
- 24/7 Gallery Menu
- Lobby Bar open daily
- Roomy Rooms including the Cozy Corner with sectional sofa
- Swiveling HDTVs and plush Hyatt Luxury Pillowtop Mattress in all guestrooms
- Necessities for forgotten essentials
- Over 350 locations worldwide