6/10

Franchimp Summary Rating

4 /10
Higher than 61% of peers

Franchise Summary

Description
The franchisee will establish and operate a hotel under the Staybridge Suites brand.
Company Background
Staybridge Suites is an upscale, all-suite hotel chain that offers a full range of guest amenities and services. Staybridge Suites provides the perfect setting for both business and leisure travelers with comfortable accommodations, complimentary breakfast buffet, 24-hour onsite fitness center, indoor pool/spa area, free high-speed internet access in every suite (excluding suites with kitchens), shuttle service to local attractions (additional fee applies) and meeting facilities for up to 100 people. The franchisee will establish and operate a hotel under the Staybridge Suites?brand.
Franchise Opportunity
If you're looking for a hotel in the United States, it can be hard to find one that will accommodate your family. Staybridge Suites?hotels are designed with families in mind and offer all of the amenities that you would expect from an upscale hotel chain. Our hotels provide spacious suites, free Wi-Fi access throughout the property and complimentary breakfast every day. The best part is our rooms come equipped with fully stocked kitchens so if you like to cook at home, we have everything that you need! We also have on-site laundry facilities, outdoor swimming pools and fitness centers for guests who want to stay active during their stay. Contact us today about opening a franchise location near your home or business!
Corporate Structure
Holiday Hospitality Franchising, LLC was incorporated under the name “Holiday Inns Franchising, Inc.” in Delaware on November 3, 1989. On October 20, 1997, Holiday changed its name to Holiday Hospitality  Franchising, Inc. and on March 26, 2012 Holiday converted to a limited liability company. Holiday’s principal business address is Three Ravinia Drive, Suite 100, Atlanta, Georgia 30346. Holiday began offering Staybridge Suites franchises in November, 1997.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Franchise Types Available

# Type Investment Fees

Management Team

# Name Position

Distribution of Staybridge Suites Franchisees

Staybridge Suites Franchise System Development in 2022

FAQ

How much investment do I need to start my own Staybridge Suites business?
Franchisees typically require at least $17 to $26 investment to get their Staybridge Suites business started
What are the initial franchise fees for Staybridge Suites?
Franchisees typically need to pay at least $167 in fees directly to Staybridge Suites in order to earn the right to launch their business
How much money can I make with a Staybridge Suites franchise? What are the average revenues for a typical Staybridge Suites business?
We haven’t done the math on how much revenue a typical Staybridge Suites brings in each year. We estimate that other franchisees in the Lodging & Leisure industry generate $882,894 revenue, so we would expect Staybridge Suites to generate a similar amount
How long do I need to commit to running a Staybridge Suites unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

4 /10
The Franchisor's investment costs ranges from $17,742,375 to $26,629,495 which is Much Higher than the $0 to $0 average in the Lodging industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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