Woodspring Suites

Who are we

What to know about Woodspring Suites franchise? Woodspring Suites is an hotel chain that offers extended stay lodging. They have multiple locations across the United States. The hotel offers a variety of room types to accommodate guests' needs, including studio suites, one-bedroom suites, and two-bedroom suites. All of the suites include fully-equipped kitchens, spacious living areas, and plenty of storage space. They provide otheir guests with all of the comforts and conveniences of home, without the hassle or expense. Their staff is committed to providing outstanding customer service, and they offer a variety of amenities to make the guest's stay more enjoyable. Woodspring Suites provides their franchisees with comprehensive training and support. Franchisees have access to a variety of resources, including marketing materials, operational manuals, and ongoing support from the corporate office. Woodspring Suites is based in Rockville, MD. Scroll down to learn more!How much does a Woodspring Suites franchise cost?Are you wondering how much is a Woodspring Suites franchise? Before starting a Woodspring 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 Woodspring Suites franchise is $6,489,084 and can go all the way up to $7,953,352. Keep in mind, you should also allocate additional funds to live off of while the Woodspring 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 Woodspring Suites franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Woodspring Suites business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Woodspring Suites franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.