Extended Stay America Suites

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What to know about Extended Stay America Suites franchise? Extended Stay America Suites, headquartered in Charlotte, North Carolina, is a hotel chain in the United States and Canada. As of December 31, 2019, the company owned and operated 557 hotel properties consisting of approximately 61,900 rooms and franchised or managed 73 hotel properties consisting of approximately 7,500 rooms. Extended Stay America Suites focuses on providing lodging solutions for the needs of business and leisure travelers requiring stay lengths of five nights or more who do not need traditional hotel amenities. Extended Stay America Suites offers a variety of room types including studio, one-bedroom, and two-bedroom suites. All rooms feature a fully equipped kitchen with a refrigerator, stovetop, microwave oven, dishes, and cookware. Extended Stay America Suites is based in Charlotte, NC. Scroll down to learn more!How much does a Extended Stay America Suites franchise cost?Are you wondering how much is a Extended Stay America Suites franchise? Before starting a Extended Stay America Suites franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Extended Stay America Suites franchise is $188,900 and can go all the way up to $11,114,500. Keep in mind, you should also allocate additional funds to live off of while the Extended Stay America Suites business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Extended Stay America Suites franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Extended Stay America Suites business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Extended Stay America Suites franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.