WOODSPRING SUITES
WoodSpring Suites franchises extended-stay, limited-service hotels offering furnished rooms with kitchen facilities, easy check-in, one-week stays, and periodic housekeeping services. The business model allows franchisees to construct and operate these properties, with options for single units or Master Development Agreements for multiple hotels in a territory. Target customers include small business owners, construction and contract workers, medical professionals, relocating individuals, military personnel, families of hospitalized patients, and others needing temporary extended accommodations.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + 2.5% marketing and reservation fee + $525/mo choiceADVANTAGE support + $30-$95/mo CrowdStrike + $18/mo ECM software
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 158 Stabilized Franchised WOODSPRING Properties for the year ended December 31, 2024.
* All data extracted from Table 1: 'For the Year Ended December 31, 2024 – Franchised WOODSPRING Properties' on Page 2. 'Gross Operating Profit' (GOP) of $1,212,278 is used for average_net_profit and average_ebitda, and the explicitly stated 'GOP %' of 54.3% (0.543) is used for ebitda_margin_pct. The definition of GOP (Total Revenue less Total Departmental Costs and Total Undistributed Operating Costs, with no explicit mention of Depreciation, Amortization, Interest, or Taxes in the cost categories) aligns closely with Operating Profit / EBITDA. Revenue top/bottom quartiles were not explicitly provided in segmented form, only Min/Max values, so they are set to null. Best guess profit range is set to the average GOP as no specific range was provided, representing the best available single estimate for profit.
Extracted Item 19 Section
How WOODSPRING SUITES Compares to Other Hotels Franchises
Key Insights
- Higher investment than 76% of Hotels franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
WOODSPRING SUITES Current | $8.2M - $13.3M | $50K | 6.0% | 256 |
| QUALITY INN | $317K - $2.0M | $45K | 5.3% | 1,621 |
| SUPER 8 | $4.7M - $6.9M | $25K | 5.5% | 1,375 |
| DAYS INN, DAYS HOTEL AND DAYS INN & SUITES | $7.6M - $9.4M | $35K | 5.5% | 1,235 |
| LA QUINTA INN & SUITES | $12.8M - $17.2M | $55K | 5.5% | 884 |
| RED ROOF PLUS AND SUITES | $7.3M - $8.9M | $27K | 5.0% | 584 |
Hotels Average 33 franchises | $8.1M - $18.5M | $46K | 5.2% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 33 Hotels franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+27 more states
SBA Loan History
Historical SBA 7(a) loan data for WOODSPRING SUITES franchisees (2010 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
Primarily royalty, fee collection, and liquidated damages recovery actions initiated by the franchisor against franchisees (117 cases in 2024), along with franchisee-initiated breach of contract, fraud, misrepresentation, and class action disputes.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a WOODSPRING SUITES franchise?
The total initial investment to open a WOODSPRING SUITES franchise ranges from $8,229,200 to $13,293,300. This includes a franchise fee of $50,000. Ongoing royalty fees are 6.0% of gross sales.
How much revenue does a WOODSPRING SUITES franchise make?
According to the 2025 FDD, the average gross revenue for a WOODSPRING SUITES franchise is $2,189,787. The median revenue is $2,150,933.
How much profit can you make with a WOODSPRING SUITES franchise?
Based on the financial performance data in the FDD, estimated profit for a WOODSPRING SUITES franchise ranges from $1,212,278 to $1,212,278 per year. Actual results vary based on location, management, and market conditions.
How many WOODSPRING SUITES franchise locations are there?
As of the 2025 FDD, WOODSPRING SUITES has 256 franchise locations. The company has been franchising since 2018.
Can you get an SBA loan for a WOODSPRING SUITES franchise?
Yes, SBA loans are available for WOODSPRING SUITES franchises. Historical data shows 788 SBA 7(a) loans have been approved for WOODSPRING SUITES franchisees, with an average loan amount of $2,579,906. The historical default rate is 0.9%.
Is WOODSPRING SUITES a good franchise to buy?
WOODSPRING SUITES shows several positive indicators: established brand with 256+ locations, transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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