GrandStay Residential Suites vs Canopy Franchise Comparison

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

Start-Up Costs and Fees

 
GrandStay Residential Suites Franchise
Canopy Franchise
Investment $117,900 - $10,090,200$44,872,050 - $114,186,475
Franchise Fee $35,000$75,000
Royalty Fee 5%5%
Advertising Fee 2%4%
Year Founded 20002007
Year Franchised 20002007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
GrandStay Residential Suites Franchise
Canopy Franchise
Experience --

Financing Options

 
GrandStay Residential Suites Franchise
Canopy Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
GrandStay Residential Suites Franchise
Canopy Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
GrandStay Residential Suites Franchise
Canopy Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

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.



About Canopy

"Canopy
The Hilton Performance Advantage is an integrated system of innovative solutions and advanced technologies that work together to drive increased business and keep costs down, without compromising quality. Together, these seven services provide access to the latest tools, technologies, forward-thinking strategies, and the most influential people in the industry to create an unrivaled competitive advantage.

#210 in Franchise 500 for 2021   Not in Franchise 500 for 2020