Everhome Suites vs stayAPT Suites Franchise Comparison

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

Start-Up Costs and Fees

 
Everhome Suites Franchise
stayAPT Suites Franchise
Investment $10,108,350 - $12,101,869$4,148,500 - $7,616,000
Franchise Fee N/AN/A
Royalty Fee --
Advertising Fee --
Year Founded -2018
Year Franchised -2018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Everhome Suites Franchise
stayAPT Suites Franchise
Experience --

Financing Options

 
Everhome Suites Franchise
stayAPT Suites Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Everhome Suites Franchise
stayAPT Suites Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Everhome Suites Franchise
stayAPT Suites Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Everhome Suites

"Everhome
Choice Hotels will offer the following to help hotel developers build a strong and successful portfolio with Everhome Suites:
The total investment necessary to begin operation of a 113-room newly constructed Everhome Suites hotel franchise is between $10,108,350 and $12,101,869. This includes an affiliation fee of $50,000 for properties with 113 rooms or less, $300/per room for each additional room and $550 per room for transfers and renewals ($50,000 minimum); a property management system software license and systems training fee of between $10,750 and $14,750; and orientation and hospitality training fees of
$0 - $3,145 per person, all of which must be paid to the Franchisor or its affiliates. These sums do not include the cost of purchasing or leasing land or any real estate taxes.




About stayAPT Suites

"stayAPT
A stayAPT Suites™ hotel is an extended- stay hotel offering temporary housing on a weekly or monthly rental basis. stayAPT offers franchisees both the right to develop multiple Hotels under an Area Development Agreement (each Hotel requiring a separate Franchise Agreement) and individual Hotels under a Franchise Agreement.

The total investment necessary to begin operation of a stayAPT Suites™ Hotel with 59 units is from $4,148,500 to $5,378,500 and for 87 units is $6,052,500 to $7,616,000, excluding real estate costs. This includes $51,000 that must be paid to the franchisor or an affiliate. If you sign an Area Development Agreement, you must pay $30,000 for each Hotel you plan to develop, all of which is due at signing. The initial fee paid under the Area Development Agreement is in lieu of the initial franchise fee normally due for a Hotel when the Franchise Agreement for that Hotel is executed.