Extended Stay America Premier Suites provides extended stay and transient lodging with value-conscious amenities for self-sufficient guests. The franchise operates mid-tier hotel accommodations across multiple locations.
Key Insights
- Extended Stay America Premier Suites developed from extensive market research that identified critical gaps in customer satisfaction and service quality, leading to the creation of comprehensive solutions that combine proven business practices with innovative approaches to meet evolving consumer expectations and demands.
- Local partnership development provides guests with authentic experiences and knowledgeable recommendations for area attractions, dining, and activities, enhancing the overall visit while supporting community businesses and creating connections that enrich the travel experience.
- 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 Extended Stay America Premier 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 $10,058,979 - $15,123,386, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Training and Resources
Extended Stay America Premier Suites provides comprehensive training for new franchisees. The initial program offers a blend of in-person and virtual learning, lasting approximately six weeks. Training takes place at a designated corporate facility and utilizes online modules. Resources include operational manuals and access to a support team, helping franchisees navigate property opening and ongoing management.
Legal Considerations
Legal considerations for a Extended Stay America Premier 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
A franchisee might consider the dynamic landscape of local accommodations, evaluating how existing lodging options affect occupancy. The operational execution of maintaining consistent guest experiences across multiple units presents an ongoing focus. Furthermore, understanding and adapting to fluctuations in the availability and cost of essential goods and services from suppliers will be integral to sustained business operations.
Franchise Datasheet
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