WoodSpring Suites vs Hard Rock Hotel Franchise Comparison

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

Start-Up Costs and Fees

 
WoodSpring Suites Franchise
Hard Rock Hotel Franchise
Investment $5,035,000 - $7,031,000$118,010,666 - $221,433,000
Franchise Fee $50,000$50,000
Royalty Fee 5%-
Advertising Fee 2.5%-
Year Founded 20032001
Year Franchised 20042001
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
WoodSpring Suites Franchise
Hard Rock Hotel Franchise
Experience --

Financing Options

 
WoodSpring Suites Franchise
Hard Rock Hotel Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/Yes-/-
Payroll -/Yes-/-

Training & Support

 
WoodSpring Suites Franchise
Hard Rock Hotel Franchise
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

 
WoodSpring Suites Franchise
Hard Rock Hotel Franchise
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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About Hard Rock Hotel


"Hard
Hard Rock Hotels span the globe with an uncompromising dedication to hospitality that promises so much more than merely a place to stay.
We embrace the culture and character of each of our all-inclusive resorts collection locations with an energy and enthusiasm only found at Hard Rock.

Our hotels are rooted in the spirit of music that all began with a guitar donated by rock legend Eric Clapton to London’s original Hard Rock Cafe. We offer a suite of services for guests that value the VIP treatment. And we welcome people from all walks of life in an all-inclusive way.
Every Hard Rock Hotel takes the spirit of its destination and blends it with our vibrant collection of music and memorabilia.