Suburban Extended Stay Hotel is a budget-friendly hotel offering comfortable accommodations for long-term stays. The franchise provides essential amenities with affordable rates for guests needing extended lodging.
Key Insights
- Suburban Extended Stay Hotel has a history rooted in providing accommodations for travelers seeking longer stays, evolving to meet the needs of various guest segments over time. The business operates with a focus on efficiency and guest comfort, aiming to offer a home-like experience for extended visitors.
- The franchise model allows for growth by empowering independent owners to leverage established brand recognition and operational frameworks. This approach facilitates market penetration and consistent service delivery across diverse geographic locations, contributing to the brand's presence.
- Operating within the extended-stay lodging sector, Suburban Extended Stay Hotel benefits from trends in business travel and relocation. This segment of the hospitality industry caters to guests requiring more than just a short-term visit, offering amenities tailored to longer durations.
Franchise Fee and Costs to Open
Exploring the financial picture of Suburban Extended Stay Hotel 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 $8,183,050 - $12,989,550, along with a franchise fee of $40,000 - $40,000.
Financial Performance and Revenue
Training and Resources
Suburban Extended Stay Hotel provides comprehensive training for new franchisees. The initial training program, typically two weeks in length, takes place at the franchisor's corporate office. The franchisor offers resources covering operational standards and brand guidelines. They also recommends access to ongoing support and marketing materials designed to assist franchisees in their launch and operations.
Legal Considerations
Legal considerations for a Suburban Extended Stay Hotel 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 Suburban Extended Stay Hotel franchise presents considerations around adapting to local market competition, where existing lodging options may influence occupancy. The operational complexity of managing extended-stay guest needs, from housekeeping to minor maintenance, requires efficient staffing and systems. Furthermore, reliance on specific supply chains for linens, cleaning products, and food service items can impact cost and availability, necessitating robust vendor relationships.
Franchise Datasheet
FAQs
What is the minimum cash required to open a Suburban Extended Stay Hotel franchise?
How can I estimate the profitability and return on investment (ROI) of a Suburban Extended Stay Hotel franchise?
What is the franchisee fee for a Suburban Extended Stay Hotel franchise?
How to open a Suburban Extended Stay Hotel franchise?
How many locations does Suburban Extended Stay Hotel have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
