--- title: "WoodSpring Suites Franchise: Cost, FDD Analysis & Review" description: "Explore the WoodSpring Suites franchise. Investment: $5M-$7M. 487 locations. Financial performance disclosed. Vacation, Resort & Extended Stay Properties." url: "https://www.franchisegrade.com/best-franchises/brand/woodspring-suites" canonical: "https://www.franchisegrade.com/best-franchises/brand/woodspring-suites" markdown_url: "https://www.franchisegrade.com/best-franchises/brand/woodspring-suites.md" type: "FranchiseBrand" brand: "WoodSpring Suites" sector: "Real Estate & Lodging" category: "Hotels, Motels & Lodging Brands" investment_low: "5035000" investment_high: "7031000" total_units: "171" operating_model: "Semi-Absentee | Multi-Unit | Passive" --- # WoodSpring Suites Franchise: Cost, FDD Analysis & Review Explore the WoodSpring Suites franchise. Investment: $5M-$7M. 487 locations. Financial performance disclosed. Vacation, Resort & Extended Stay Properties. ## At a glance - **Brand:** WoodSpring Suites - **Sector:** Real Estate & Lodging - **Category:** Hotels, Motels & Lodging Brands - **Total initial investment:** $5,035,000 – $7,031,000 - **Total units (FDD Item 20):** 171 - **Operating model:** Semi-Absentee | Multi-Unit | Passive - **States with locations:** AL, AZ, AR, CA, CO, FL, GA, IL, IN, IA, KS, KY, LA, MD, MI, MN, MS, MO, NE, NV, NJ, NM, ND, OH, OK, PA, RI, SD, TN, TX, UT, VA, WA ## WoodSpring Suites — franchise facts ### What is the total initial investment required to open a WoodSpring Suites franchise? Total investment ranges from $5,035,000 to $7,031,000, reflecting the capital requirements for a full-service extended-stay hotel property. This includes land, construction, furnishings, equipment, and initial operating capital necessary for launch. ### What is the initial franchise fee for WoodSpring Suites, and what does it cover? The franchise fee is $5,000, a modest entry cost relative to the total investment. This grants franchisees rights to the brand, systems, support, and access to national booking platforms. ### What ongoing fees, royalties, or required contributions do WoodSpring Suites franchisees pay? Franchisees pay 5% royalty on room revenue and 2.5% for advertising fund contributions. These competitive rates fund ongoing brand development, marketing, technology, and operational support systems. ### What financial requirements must candidates meet to qualify for a WoodSpring Suites franchise? Franchisees should have liquid capital to cover the $5-7 million investment and demonstrate financial strength for approval. Lenders typically require significant equity contribution and hotel industry experience or advisory team support. ### Are financing options or third-party funding programs available for WoodSpring Suites franchisees? Most franchisees leverage SBA loans, traditional bank financing, or alternative hotel-specific lenders to fund construction and equipment. The franchisor can connect approved operators with recommended lending partners familiar with extended-stay hotel models. ### What initial training does WoodSpring Suites provide to new franchise owners? WoodSpring provides comprehensive pre-opening training covering operations, guest services, maintenance, marketing, and financial management. Training includes in-person sessions at company headquarters and on-property support during property opening. ### What ongoing support and resources does WoodSpring Suites offer after opening? The franchisor offers 24/7 operational support, marketing assistance, technology updates, and regular training refreshers. Regular field support visits and online resources help franchisees optimize performance and maintain brand standards. ### Does WoodSpring Suites assist with real estate and site selection for new locations? The franchisor provides location analysis and market studies to identify high-potential sites within your protected territory. Access to demographic data and competition analysis helps ensure strong investment returns. ### What does the day-to-day role of a franchise owner look like with WoodSpring Suites? Owner-operators typically oversee general management, staff supervision, maintenance, and guest relations. Many franchisees hire a general manager and maintain strategic oversight while the management team handles daily operations. ### Can WoodSpring Suites be operated as an owner-operator or semi-absentee franchise? While some franchisees operate hands-on, the standardized systems support semi-absentee ownership with a capable general manager. However, significant owner involvement typically produces better returns and stronger guest satisfaction. ### What type of lifestyle and time commitment should owners expect with WoodSpring Suites? Hotel ownership requires availability for major issues and seasonal fluctuations, though daily involvement can be delegated. This suits investors seeking semi-passive income streams with stability rather than daily operational demands. ### What territories or markets are currently available for WoodSpring Suites franchise ownership? WoodSpring has presence in 32 states with continued expansion opportunities. Specific territory availability depends on market saturation and development pipeline. Contact the franchisor for current opportunities in your target regions. ### Does WoodSpring Suites offer multi-unit ownership or expansion opportunities? Experienced franchisees can develop multiple properties within or adjacent to their territory. Area development agreements provide expansion frameworks for qualified operators seeking portfolio growth. ### Are area development or master franchise opportunities available with WoodSpring Suites? Area development agreements enable qualified franchisees to open multiple units across a defined region. Terms vary based on development timeline, investment capacity, and market conditions. ### How does WoodSpring Suites approach unit-level profitability and financial performance? Extended-stay properties typically achieve strong occupancy and stable margins due to recurring guest relationships. The 5% royalty and 2.5% ad fund are competitive, supporting healthy cash flows once properties reach stabilization. ### What sets WoodSpring Suites apart from competitors in its market segment? WoodSpring's 50-year track record, extended-stay specialization, and national brand recognition provide competitive advantages. Protected territories, reasonable fees, and robust franchisee support distinguish this opportunity in the hotel franchise market. ## Research this brand - Full profile: https://www.franchisegrade.com/best-franchises/brand/woodspring-suites - Compare it side by side: https://www.franchisegrade.com/compare - Check affordability against your capital: https://www.franchisegrade.com/affordability-calculator - Franchise terms used above: https://www.franchisegrade.com/tools/franchise-glossary --- *Source: [FranchiseGrade](https://www.franchisegrade.com) — independent, FDD-derived franchise research.* *Cite this page as: https://www.franchisegrade.com/best-franchises/brand/woodspring-suites* *Training, indexing and quotation are permitted — please attribute and link to the source URL above. Full-text reproduction of the whole page is not. Licensing: privacy@franchisegrade.com*