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.
Franchise Costs
6% royalty + 2.5% marketing and reservation fee + $525/mo choiceADVANTAGE support + $30-$95/mo CrowdStrike + $18/mo ECM software
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
Key Insights
- Higher investment than 76% of Hotels franchises
| Franchise | Investment | 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 34 franchises | $7.8M – $18.0M | $46K | 5.2% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 34 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
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
340 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
340 Contacts Available
Unlock all WOODSPRING SUITES franchisee contacts with verified contact information
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)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
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.
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