WoodSpring Suites
WoodSpring Suites offers extended-stay hotels with furnished rooms and kitchen facilities. Known for value and convenience, it operates under Choice Hotels International and caters to long-term guests in the lodging industry.
WoodSpring Suites franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to construct and begin operation of a WoodSpring Suites franchise ranges from $8,835,420 to $14,566,908, assuming the hotel contains approximately 122 guestrooms. This includes between $67,500 to $164,750 that must be paid to the franchisor or its affiliates [p.1].
What is the initial franchise fee?
The initial franchise fee is an up-front payment assessed to third-party hotel owners to affiliate with the company's brands, typically paid prior to executing the franchise agreement and is non-refundable [p.130].
What are the ongoing royalty and advertising fees?
Ongoing royalty fees are based on a percentage of gross room revenues and are billed and collected monthly [p.131]. Advertising and promotion costs are funded through the Marketing and Reservation Fee paid by each franchisee, which covers various marketing services, development, operation, and maintenance of the reservation system, as well as overhead expenses related to these activities [p.70, p.185].
How long is the initial franchise agreement, and can I renew it?
The initial term of the franchise agreement begins on the date both you and the franchisor sign the agreement and ends 20 years after the opening date of your hotel [p.166]. You do not have a right or option to renew this agreement or extend the term [p.166].
Can I sell or transfer my franchise, and what does that require?
According to [p.5], you cannot freely transfer ownership of your franchise; the franchisor can refuse transfers except for good cause, such as preventing unauthorized sales. For a subsequent sale, you must comply with the Franchise Agreement's transfer provisions, which include submitting a relicensing application, paying an affiliation fee, and settling all outstanding amounts due to the franchisor ([p.317]).
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement on any grounds available by law [p.107]. Additionally, the franchisor may have a mutual right to terminate the agreement on the 5th, 10th, or 15th anniversary of the Opening Date with advance written notice [p.292]. Good cause for termination includes failure to comply with lawful provisions of the franchise agreement and failing to cure such failures after receiving written notice and a reasonable opportunity to cure [p.5].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
This isn't specified in the excerpts. The FDD indicates that you will not receive a general exclusive territory, but it does mention potential scenarios where no other hotel of the same brand might be franchised or operated within certain areas [p.72]. Additionally, under a Master Development Agreement, you may be granted an exclusive territory for developing and operating specific hotels, though this can be terminated if you default on your obligations [p.73, p.218].
What training and ongoing support does the franchisor provide?
The franchisor provides initial training and support through an Onboarding Project Director and Area Director to help you meet contractual milestones, such as reviewing architectural plans and property improvement plans. They also assist with introducing you to organizational support departments, enrolling your hotel in marketing programs, coordinating training courses, and ensuring compliance with brand standards before the first Quality Assurance Review (QAR). Ongoing support is provided through your Area Director for day-to-day questions related to programs and policies once your hotel opens. [p.61]
How many franchised outlets are there, and how many have closed or been terminated?
As of December 31, 2025, there were 284 open and operating WOODSPRING Properties in the system [p.84]. There were no WOODSPRING hotels that closed during Year 2025 after being open less than 1 year [p.84], so based on the provided information, it can be inferred that all 284 outlets remained open throughout the year.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information if there is a reasonable basis for it and if it pertains to actual records of an existing outlet you are considering buying, or if they supplement the information provided in Item 19 with possible performance scenarios. However, other than this, no financial performance representations are made by the franchisor, either orally or in writing [p.83, p.88].
What am I restricted to selling, and where must I buy supplies?
You are not specifically restricted to selling any particular items, but you may be prohibited from operating a similar business during the term of the franchise [p.3]. For supplies, you may have to purchase or lease certain items from the franchisor or a limited group of suppliers designated by them [p.3], and this could potentially result in higher costs compared to purchasing on your own [p.3]. Additionally, the franchisor reserves the right to require you to purchase approved products or services solely from them or their designated affiliates [p.173].