WoodSpring 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

 
WoodSpring Suites Franchise
COMPASS by Margaritaville Franchise
Investment $5,035,000 - $7,031,000$9,010,000 - $31,395,000
Franchise Fee $50,000N/A
Royalty Fee 5%-
Advertising Fee 2.5%-
Year Founded 20032020
Year Franchised 20042020
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
WoodSpring Suites Franchise
COMPASS by Margaritaville Franchise
Experience --

Financing Options

 
WoodSpring Suites Franchise
COMPASS by Margaritaville 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
COMPASS by Margaritaville 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
COMPASS by Margaritaville Franchise
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"
#40 on Franchise Rankings.com


About COMPASS by Margaritaville


"Compass
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.