Staybridge Suites is an extended-stay hotel offering spacious suites with kitchenettes. The franchise provides long-term accommodations for travelers seeking more space and flexibility.
Key Insights
- Staybridge Suites originated as a brand focused on extended-stay accommodations, offering guests apartment-style suites with fully equipped kitchens and distinct living and working areas. The business was established to cater to travelers requiring more space and amenities than traditional hotel rooms, emphasizing comfort and convenience for longer durations.
- The franchise operates on a model that provides guests with a comfortable, residential feel, featuring amenities like complimentary breakfast, evening socials, and fitness centers. This approach aims to create a welcoming environment for business travelers, relocating individuals, and families seeking a home away from home.
- Operating within the hospitality sector, the business addresses a growing demand for lodging solutions that support extended stays. This segment of the industry attracts a diverse clientele looking for value and features that support independent living while traveling for various purposes.
Franchise Fee and Costs to Open
Exploring the financial picture of Staybridge 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 $19,796,651 - $29,883,100, along with a franchise fee of $75,000 - $75,000.
Financial Performance and Revenue
Training and Resources
Staybridge Suites provides comprehensive initial training for new franchisees. This program typically spans two weeks and takes place at the franchisor's training facility. The training offers in-depth operational guidance, brand standards, and best practices. Staybridge Suites also provides access to ongoing resources and a dedicated support team throughout the franchisee's journey.
Legal Considerations
Legal considerations for a Staybridge 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 Staybridge Suites franchise involves navigating local market dynamics, with existing lodging options potentially influencing occupancy. Maintaining brand standards across service, cleanliness, and amenities presents ongoing operational considerations. Furthermore, securing consistent and timely supplies for guest services and hotel operations requires managing relationships within specific supply chains.
Franchise Datasheet
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