Mainstay Suites is a hotel franchise offering extended stay accommodations for guests. The franchise provides self-sufficient lodging with flexible stay terms and affordable rates for long-term guests.
Key Insights
- Mainstay Suites emerged from a vision to provide extended-stay accommodations, focusing on comfort and functionality for travelers needing more than just a room for a night. The business developed with a commitment to offering a practical and welcoming environment for guests, building a foundation for its growth.
- The franchise operates by offering spacious suites equipped with full kitchens, separate living and sleeping areas, and complimentary amenities designed for longer stays. This model caters to various guest needs, from relocation and project assignments to leisure trips requiring a home-like experience.
- Mainstay Suites functions within the hospitality sector, specifically the extended-stay segment of the hotel industry. This market caters to a demand for lodging that provides residential comforts and services, serving a consistent and evolving traveler demographic.
Franchise Fee and Costs to Open
Exploring the financial picture of Mainstay 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 $9,170,700 - $16,330,350, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Training and Resources
Mainstay Suites provides comprehensive initial training for new franchisees. This program offers a blend of classroom learning and hands-on experience, typically spanning two weeks. Training sessions are conducted at Mainstay Suites' corporate headquarters. The franchisor also offers operational manuals and ongoing support resources to assist franchisees as they establish their businesses.
Legal Considerations
Legal considerations for a Mainstay 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 a Mainstay Suites franchise involves navigating local market dynamics, which may present a landscape with established competitors offering similar extended-stay accommodations. Ensuring consistent operational standards across all facets of guest service, from check-in to housekeeping, requires diligent management. Furthermore, maintaining reliable inventory of essential supplies and amenities depends on the stability of specific vendors and distribution networks.
Franchise Datasheet
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