How much does it cost to open a extended stay hotel franchise?
The average initial investment for extended stay hotel franchises ranges from $7.6M to $14.7M. The average franchise fee is $43K. Investment requirements vary significantly by brand, location, and format.
What are the largest extended stay hotel franchise brands?
The largest extended stay hotel franchises by location count include: STUDIO 6 (219 locations), HYATT HOUSE HOTEL (109 locations), HAWTHORN SUITES HOTELS AND HAWTHORN SUITES (71 locations), HOMETOWNE STUDIOS BY RED ROOF (45 locations), Hyatt Studios (45 locations). These established brands offer proven systems and widespread brand recognition.
What are the most affordable extended stay hotel franchises?
The most affordable extended stay hotel franchises include: STUDIO 6 (from $97K), GRANDSTAY RESIDENTIAL SUITES (from $125K), AFFORDABLE SUITES OF AMERICA (from $193K), stayAPT (from $7.5M), HOMETOWNE STUDIOS BY RED ROOF (from $10.7M). Lower investment franchises may have smaller territories, home-based models, or mobile concepts.
How do I evaluate a extended stay hotel franchise opportunity?
When evaluating extended stay hotel franchises, review the Franchise Disclosure Document (FDD) carefully. Key areas to examine include Item 5 (fees), Item 7 (initial investment), Item 19 (financial performance), and Item 20 (outlet data). Our database provides this data extracted from official FDD filings to help you compare opportunities.