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Studio 6 Plus
Studio 6 Plus franchises provide for the operation of all-suites motels offering limited services and amenities in the premium economy lodging market. Franchisees utilize the Studio 6 Plus System, including proprietary marks, a reservation system, marketing programs, and operational manuals to maintain brand standards. The target market includes business and leisure travelers seeking short-term accommodations for 7-14 nights with enhanced features like smart keyless entry and on-site amenities such as pools and fitness centers.
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Franchise Costs
5.5% royalty + 3% program/brand fund + $1,400-$1,980/mo technology fees (IT services, PMS, guest survey for 120-room property)
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
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Unlock financial performance dataHow Studio 6 Plus Compares
Key Insights
- One of the lowest investment costs in Extended Stay (ranked #3 of 9)
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Studio 6 Plus Current | $522K – $16.0M | $35K | 5.5% | 0 |
| HAWTHORN SUITES HOTELS AND HAWTHORN SUITES | $12.3M – $14.3M | $40K | 5.5% | 71 |
| HOMETOWNE STUDIOS BY RED ROOF | $11.7M – $14.5M | $30K | 5.5% | 53 |
| GRANDSTAY RESIDENTIAL SUITES | $125K – $24.2M | $35K | 5.0% | 32 |
| AFFORDABLE SUITES OF AMERICA | $193K – $1.8M | $35K | 5.0% | 19 |
| stayAPT | $7.9M – $13.7M | $40K | 5.0% | 13 |
Extended Stay Average 9 franchises | $8.0M – $15.3M | $39K | 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.
Due Diligence
Litigation (Item 3)
Primarily termination disputes, breach of contract claims, and disputes involving payment defaults, fraudulent records, and suspension of operational systems.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a Studio 6 Plus franchise ranges from $521,892 to $15,992,278. This includes a franchise fee of $35,000. Ongoing royalty fees are 5.5% of gross sales.