4/10

Franchimp Summary Rating

4 /10
Investment Accessibility
Higher than 62% of peers

Franchise Summary

Description
The franchisee will operate a Super 8 guest lodging facility offering overnight accommodations and related services.
Company Background
At Knights Inn & Suites, we offer a unique and refreshing alternative to the traditional hotel experience. Our mission is to be the best value for your money by providing guests with an affordable and comfortable stay that includes free breakfast daily. We believe in treating others as you would like to be treated, which is why we always put our guests' needs first.
Franchise Opportunity
Finding a hotel room can be hard, especially if you're looking for something cheap and not too far from the airport. Hotels are expensive, but they can also be dirty and inconvenient to get to. You want a place that's clean, comfortable and affordable. Knights Inn & Suites is your best option when traveling on business or vacationing with family in need of an extended stay lodging facility. We offer clean rooms at great rates in convenient locations near airports, universities, hospitals and sporting events across the country. And we make it easy to book online!
Corporate Structure
Super 8 Worldwide, Inc. is a South Dakota corporation, incorporated on October 5, 1971. They changed their name from Super 8 Motels, Inc. to Super 8 Worldwide, Inc. in March 2008. They are a subsidiary of Wyndham Hotel Group, LLC., a Delaware limited liability company, which is wholly owned by Wyndham Hotels & Resorts, Inc., a Delaware corporation. Their principal business address is 22 Sylvan Way, Parsippany, New Jersey 07054.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Super 8 franchise for a 65 room new construction facility ranges from $3,018,003 to $4,511,436. The total investment necessary to begin operation of a Super 8 franchise for a 100 room conversion facility ranges from $188,878 to $1,886,377. Land acquisition costs are not included in these ranges. The above amounts include a range of $34,800 to $69,975 that must be paid to the franchisor or an affiliate.

Management Team

# Name Position

Distribution of Super 8 by Wyndham Franchisees

Super 8 by Wyndham Franchise System Development in 2017

FAQ

How much investment do I need to start my own Super 8 by Wyndham business?
Franchisees typically require at least $3,110,766 to $4,667,834 investment to get their Super 8 by Wyndham business started
What are the initial franchise fees for Super 8 by Wyndham?
Franchisees typically need to pay at least $33,350 in fees directly to Super 8 by Wyndham in order to earn the right to launch their business
How much money can I make with a Super 8 by Wyndham franchise? What are the average revenues for a typical Super 8 by Wyndham business?
We haven’t done the math on how much revenue a typical Super 8 by Wyndham brings in each year. We estimate that other franchisees in the Lodging & Leisure industry generate $882,894 revenue, so we would expect Super 8 by Wyndham to generate a similar amount
How long do I need to commit to running a Super 8 by Wyndham 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 $10,151,300 to $37,430,300 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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