83 Great Franchise Bets

Wednesday, June 22, 2011

87 loans, 4 failed loans

Loan failure rate: 4.6% Number of loans: 87 Number of failed loans: 4 This motel got its name from the room rate it charged when it first opened in 1974: $8.88 a night.

From the start, the motel has aimed to be affordable for travelers.

Cendant Corp., Wyndham Worldwide's predecessor, bought the Super 8 franchise in 1993. Throughout North America and China, there are 2,185 properties with 137,260 rooms.

The motel's 8-point Promise includes complimentary high-speed Internet access and a continental breakfast. Some of the bigger franchises offer a business facility, a fitness center or a swimming pool.

Only four of the 87 SBA-backed loans failed between 2005 and 2010.

To convert a hotel into a Super 8 costs between $145,670 and $1.2 million. Building a brand new one ranges between $2.5 million to $3.5 million.

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Super 8
22 Sylvan Wy.
Parsippany, NJ

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

Super 8 Franchise Information

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