Extended Stay America Suites is a hotel brand offering accommodations for both extended and short-term stays. The franchise provides guests with comfortable suites and self-sufficient lodging options.
Key Insights
- Extended Stay America Suites is a hospitality brand focused on providing long-term lodging solutions. The business was established with a vision to offer value and convenience to guests requiring extended stays. Its operational model centers around providing functional and comfortable accommodations for travelers on longer assignments or relocation.
- The franchise operates a network of properties strategically located to serve key markets. Guests benefit from amenities designed for extended stays, such as in-room kitchens and on-site laundry facilities. Extended Stay America Suites caters to a consistent demand from various guest segments seeking a home-away-from-home experience.
- The hospitality industry, particularly the extended-stay segment, experiences demand driven by business travel, project-based work, and temporary relocations. This sector provides essential services for individuals needing lodging for durations beyond typical vacation periods. The business is positioned within this specialized area of the travel market.
Franchise Fee and Costs to Open
Exploring the financial picture of Extended Stay America Suites gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $9,174,346 - $14,123,855, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Training and Resources
Extended Stay America Suites provides comprehensive training. This program, lasting 11 days, is held at their corporate headquarters in Charlotte, North Carolina. Extended Stay America Suites offers ongoing support and resources designed to assist new franchisees in establishing their operations. The franchisor recommends utilizing these provided tools for a successful launch.
Legal Considerations
Legal considerations for a Extended Stay America Suites franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating an extended-stay hotel franchise presents several considerations. A franchisee may encounter challenges in navigating the local competitive landscape, requiring careful differentiation of services. The operational demands of maintaining consistent brand standards across units can be complex, impacting staffing and training needs. Furthermore, dependence on specific supply chains for amenities and maintenance items warrants attention to ensure uninterrupted service delivery and cost management.
Franchise Datasheet
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