Is Project Mid-T a good franchise to buy?

Whether Project Mid-T is a good franchise investment depends on your personal goals, available capital, and local market conditions. We recommend reviewing the full FDD, speaking with existing franchisees listed in Item 20, and consulting with a franchise attorney before making a decision.

Project Mid-T

StudioRes is a mid-scale extended-stay hotel franchise where franchisees establish and operate hotels featuring studio guestrooms with kitchenettes, sleeping quarters, and baths. The business model grants non-exclusive franchises to use the StudioRes system, including trademarks, design criteria, quality standards, training, reservation systems, and marketing programs. It targets mid-scale consumers needing affordable, functional accommodations for extended stays.

$14200K–$18676K

Investment

Since 2023

Franchising

Hospitality & LodgingBethesda, MDMarriott International, Inc.www.marriott.comDisclaimer

Franchise Costs

Franchise Fee

$50,000

Item 5 of FDD

Initial Investment Range

$14,199,900 – $18,676,200

Low: $14,199,900High: $18,676,200

Item 7 of FDD

Royalty Rate

5.00%

of gross sales

Brand Fund

1.50%

Item 6 of FDD

Fixed Monthly Fees

$1,200 – $1,400

Item 6 of FDD

5% royalty + 1.5% marketing fund (within 9% bundled fee on gross room sales) + $1,200-$1,400/mo revenue management services (may be required for new franchisees)

Financial Performance

Item 19 Financial Performance

This franchise did not provide Item 19 financial performance data.

Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.

Extracted Item 19 Section

How Project Mid-T Compares

Key Insights

Higher investment than 100% of Extended Stay franchises

Franchise	Investment	Fee	Royalty	Locations
Project Mid-T Current	$14.2M – $18.7M	$50K	5.0%	0
STUDIO 6	$97K – $9.0M	$25K	5.0%	219
HAWTHORN SUITES HOTELS AND HAWTHORN SUITES	$12.3M – $14.3M	$40K	5.5%	71
HOMETOWNE STUDIOS BY RED ROOF	$10.7M – $13.2M	$30K	5.5%	45
Hyatt Studios	$12.0M – $21.5M	$50K	5.0%	45
GRANDSTAY RESIDENTIAL SUITES	$125K – $24.2M	$35K	5.0%	30
Extended Stay Average 9 franchises	$7.6M – $14.7M	$38K	5.2%	–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 9 Extended Stay franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2023)

Outlets by state across the United States

Top States

1CA

2NY

3TX

Due Diligence

Litigation (Item 3)

Franchisee Cases2

One franchisor-initiated arbitration against a franchisee for unpaid fees, furniture costs, and liquidated damages; one lawsuit by a former franchisee alleging breach of good faith and fair dealing related to withdrawal of brand authorization due to operating defaults.

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations

Non-Renewals

Reacquired

Ceased Ops

Transfers

Sold to Franchisees

Projected New

Frequently Asked Questions

The total initial investment to open a Project Mid-T franchise ranges from $14,199,900 to $18,676,200. This includes a franchise fee of $50,000. Ongoing royalty fees are 5.0% of gross sales.