85 Great Franchise Bets

Wednesday, June 22, 2011

87 loans, 2 failed loans

Loan failure rate: 2.3% Number of loans: 87 Number of failed loans: 2 The ubiquitous Days Inn hotels -- identified by the familiar sunburst logos -- are popular with travelers who are looking for affordability.

The franchise -- which advertises itself as the ''Best Value under the Sun'' -- offers free breakfast, high-speed Internet access and a ''USA Today" weekday paper.

Cecil B. Day founded the chain in 1970. A couple of years later, he started offering franchise opportunities. In just eight years, the franchise grew to more than 300 hotels across the United States and Canada.

The Days Inn hotel was purchased by the Wyndham Hotel Group in 1992, and now there are 1,877 locations.

The loan failure rate for the chain is modest: Of the 87 loans the SBA backed between 2005 and 2010, only two loans failed. But it's not cheap to get one going. To convert an existing hotel into a Days Inn, the initial investment is between $167,570 and $1.4 million. To build a brand new hotel, the startup cost is between $4.3 million to $6.7 million.

Days Inns Worldwide News and Press Releases

This article has been read 1853 times.

Would you like to own a Days Inns Worldwide Franchise?

For more information about becoming a Days Inns Worldwide Franchise owner, including a franchise overview, start-up costs, fees, training and more, please visit our Days Inns Worldwide Franchise Information page.

Days Inns Worldwide Logo

Days Inns Worldwide
22 Sylvan Wy.
Parsippany, NJ

Phone: (973) 753-6590
Toll Free: (800)758-8999
Fax: (800)643-2107

Days Inns Worldwide Franchise Information

Share This Page!


FREE FRANCHISE ADVICE

First Name:
Last Name:
Address:
City:
State: (US inquiries only please)
Zip:
Phone:
Email:
Capital to Invest

(Min $50k Investment)
Investment Timeframe:

Can I use my 401K or IRA
to buy a business?

Submit your request for a
FREE Franchise Consultation.