| ||||
Updated RecentlyWoodSpring Suites vs COMPASS by Margaritaville Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of WoodSpring Suites vs COMPASS by Margaritaville including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $5,035,000 - $7,031,000 | $9,010,000 - $31,395,000 |
| Franchise Fee | $50,000 | N/A |
| Royalty Fee | 5% | - |
| Advertising Fee | 2.5% | - |
| Year Founded | 2003 | 2020 |
| Year Franchised | 2004 | 2020 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| 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 |
||
| 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 |
||
| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
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 COMPASS by Margaritaville
!["Compass]("https://www.compasshotel.com/skins/skin-compass-hotels/assets/desktop/images/logo-horizontal.svg"){kind=logo}
Brand-new in 2020, Compass Hotels by Margaritaville brings our
signature island vibe to a whole new range of locations. Dropping anchor
in up-and-coming neighborhoods, established vacation hotspots, college
towns, coastal retreats, and bustling downtown centers - Compass is
poised to deliver a tall, cold glass of chill to anyone who’s looking
for a tropical-style escape. Discover a whole new latitude. Invest in a Compass.