Candlewood Suites is an extended-stay hotel offering spacious rooms with full kitchens and a variety of guest amenities. The franchise focuses on providing an affordable and comfortable lodging experience for business and leisure travelers.
Key Insights
- Candlewood Suites grew from a fundamental commitment to solving real problems that affected both customers and service providers, developing systematic approaches that improve efficiency, enhance quality, and create positive outcomes for all stakeholders involved in the business relationship.
- Service standards emphasize personalized attention and genuine hospitality while maintaining operational efficiency in check-in procedures, guest services, and facility management, creating welcoming environments that make visitors feel valued and comfortable throughout their stay.
- Regulatory developments create opportunities for professional service providers who maintain compliance standards and quality certifications, establishing competitive advantages for businesses that invest in proper training, procedures, and documentation to meet industry requirements.
Franchise Fee and Costs to Open
Exploring the financial picture of Candlewood 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 $14,169,501 - $21,400,950, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Training and Resources
Candlewood Suites provides comprehensive training for new franchisees. This initial program offers a blend of classroom and on-site learning, typically spanning three to five weeks. Training takes place at IHG's corporate headquarters in Atlanta, Georgia, and at an established Candlewood Suites hotel. The franchisor also offers ongoing operational and marketing resources.
Legal Considerations
Legal considerations for a Candlewood 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
Franchisees might consider local market saturation with extended-stay options and the operational demands of maintaining consistent brand standards across a property. Managing staff, inventory, and guest services requires attention to detail. Furthermore, relationships with vendors for linens, cleaning supplies, and food service ingredients are integral to smooth operations.
Franchise Datasheet
FAQs
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