WoodSpring Suites vs GrandStay Residential Suites Franchise Comparison

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

Start-Up Costs and Fees

 
WoodSpring Suites Franchise
GrandStay Residential Suites Franchise
Investment $5,035,000 - $7,031,000$117,900 - $10,090,200
Franchise Fee $50,000$35,000
Royalty Fee 5%5%
Advertising Fee 2.5%2%
Year Founded 20032000
Year Franchised 20042000
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
WoodSpring Suites Franchise
GrandStay Residential Suites Franchise
Experience --

Financing Options

 
WoodSpring Suites Franchise
GrandStay Residential Suites 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
GrandStay Residential Suites 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
GrandStay Residential Suites 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 GrandStay Residential Suites

"GrandStay
GrandStay Hospitality, LLC offers a hotel franchise opportunity like no other hotel chain.  From franchise conversions to new builds, GrandStay franchisees are backed by a strong, growing lodging company with a unique, technology-driven marketing approach, flexible franchise options and collaborative, one-on-one support designed for success. Click here for our Franchise Brochure
A careful review of the GrandStay Hospitality Franchise Disclosure Document (FDD) is the first step in the application process.  The next step is to complete a GrandStay Hospitality Application.  Once the Franchise Agreement and supporting paperwork are completed and returned with the initial fee, you will begin the GrandStay hotel construction program. We welcome you to join the GrandStay Family!


The total investment necessary to begin operation of a new build GrandStay hotel, other than a GrandStay conference center property, is $5,038,400 to $10,090,200 and $124,900 to $1,021,200 for a conversion property.
The total investment necessary to begin operation of a new build GrandStay conference center is $306,400 to $2,300,200 and $117,900 to $541,200 for a conversion property. In all cases, this includes $35,000 that must be paid to the Franchisor.