Studio 6 Extended Stay is a hotel brand offering budget-friendly, all-suite accommodations for long-term guests. The franchise provides kitchens, essential amenities, and value pricing.
Key Insights
- Studio 6 Extended Stay Motels was founded on core principles that quality service should be both accessible and reliable for all customers, establishing operational frameworks that ensure consistent delivery while maintaining flexibility to adapt to individual needs and preferences.
- Staff training programs develop comprehensive hospitality skills that create welcoming environments and positive guest interactions, emphasizing both technical competence and genuine care for guest satisfaction while maintaining professional standards and service consistency.
- Industry trends favor businesses that can adapt quickly to changing regulations, customer preferences, and market conditions while maintaining quality standards, creating competitive advantages for organizations that invest in training, technology, and customer-focused service approaches.
Franchise Fee and Costs to Open
Exploring the financial picture of Studio 6 Extended Stay Motels 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 $6,812,341 - $9,217,088, along with a franchise fee of $41,300 - $41,300.
Financial Performance and Revenue
Training and Resources
Studio 6 Extended Stay Motels provides comprehensive initial training for new franchisees. This program offers a deep dive into brand standards and operational best practices. The intensive training typically lasts for four weeks and takes place at a designated Studio 6 training facility. The franchisor also offers ongoing support and resources to help franchisees thrive.
Legal Considerations
Legal considerations for a Studio 6 Extended Stay Motels 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
A franchisee might consider the dynamic nature of local lodging competition, requiring adaptable pricing and service strategies. Managing the day-to-day operations involves a consistent focus on guest satisfaction and property upkeep. Furthermore, ensuring reliable access to essential supplies, from cleaning products to linens, is a factor to plan for within their operational framework.
Franchise Datasheet
FAQs
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