4/10

Franchimp Summary Rating

4 /10
Investment Accessibility
Higher than 67% of peers

Franchise Summary

Description
The franchisee will establish and operate a TownePlace Suites by Marriott select-service hotel.
Company Background
TownePlace Suites by Marriott is a new, modern hotel with all the amenities of home. TownePlace Suites offers studio suites designed for the way you live today. Enjoy complimentary WiFi and breakfast as well as plenty of space to spread out in our spacious studios boasting separate areas for living, sleeping and working. Our extended-stay hotels are perfect for work or leisure trips that last up to a week or more!
Franchise Opportunity
Finding a hotel is hard. There are so many options, and it's often difficult to tell which hotels will be the best fit for you. If you're looking for an affordable option with great amenities in a convenient location, then TownePlace Suites by Marriott may be just what you need! We offer all the comforts of home at a great price. Our suites feature fully equipped kitchens, complimentary WiFi and flat screen TVs with cable programming. Our staff is friendly and our services include free breakfast each morning and evening socials every weeknight. Whether traveling on business or leisure we have everything you need to make your trip easy, enjoyable and affordable! Stop searching around town for a place to stay when visiting Denver or Boulder Colorado . Book online today at www.TownePlacestaydenvercolorado .com !
Corporate Structure
Marriott International, Inc. is a corporation incorporated under the laws of the State of Delaware in 1997. Their principal business address is 10400 Fernwood Road, Bethesda, Maryland 20817.

Franchise Types Available

# Type Investment Fees

Distribution of TownePlace Suites by Marriott Franchisees

TownePlace Suites by Marriott Franchise System Development in 2021

FAQ

How much investment do I need to start my own TownePlace Suites by Marriott business?
Franchisees typically require at least $12 to $36 investment to get their TownePlace Suites by Marriott business started
What are the initial franchise fees for TownePlace Suites by Marriott?
Franchisees typically need to pay at least $141 in fees directly to TownePlace Suites by Marriott in order to earn the right to launch their business
How much money can I make with a TownePlace Suites by Marriott franchise? What are the average revenues for a typical TownePlace Suites by Marriott business?
We haven’t done the math on how much revenue a typical TownePlace Suites by Marriott brings in each year. We estimate that other franchisees in the Lodging & Leisure industry generate $882,894 revenue, so we would expect TownePlace Suites by Marriott to generate a similar amount
How long do I need to commit to running a TownePlace Suites by Marriott 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 $12,418,800 to $36,562,900 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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