About Candlewood Suites
The Candlewood Suites® brand believes the world would be a better place if everyone had the personal and physical space to create a sense of normalcy when traveling for a long period of time. Guests depend on the Candlewood Suites brand for reliable services nd amenities that support their independent ways. Candlewood Suites appeals to corporate, industrial and government markets, making the brand popular with travelers involved in long term engagements.
An all-suite design that promotes guest independence and an operating model that allows each Candlewood Suites property to operate with just 12 team members – this model has been critical to the brand’s continued success. A fresh prototype design and standardized decor packages are provided to reduce costs and simplify the development process.
At Candlewood Suites® hotels, we offer our guests spacious studio and one-bedroom suites which are ideal for longer stay guests looking for convenience and comfort. With fully equipped kitchens, a large work area and the Candlewood Cupboard open 24 hours a day for snacks, refreshments and other necessities, we offer independence and the home-away-from-home experience extended stay guests want. Book with us and become an IHG Rewards Club member.
With over 300 locations, Candlewood Suites hotels are part of the IHG® (InterContinental Hotels Group) brand family, the world’s largest hotel company. Our guests can participate in IHG Rewards Club, the world’s first and largest hotel loyalty program.
Candlewood Suites® and the Candlewood Suites® logo are registered trademarks of Six Continents Hotels, Inc.
Company Founded
1995
Current Leadership
Elie Maalouf, CEO, Americas
Started Franchising
1996 (25 years)
Total Number of Units
415 (as of 2020)
Part-Time / Full-Time
Full Time
Stock Ticker Symbol
IHG
How Much Does It Cost To Open A Candlewood Suites Franchise?
There are several costs associated with opening a Candlewood Suites franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Candlewood Suites franchise. The weekly fee for opening a Candlewood Suites franchise is Royalty Fee Due On The 15Th Of The Following Month.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Candlewood Suites Is Renewable) and does the franchise offer financing support (Candlewood Suites Candlewood Suites has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).
Candlewood Suites Company Details
Here are some additional details about Candlewood Suites.
| Parent Company | IHG (InterContinental Hotels Group) |
| Initial Investment | $50,000 |
| Royalty Fee | 5% |
| Term of Agreement | 20 years (average) |
| Absentee Ownership | No |
| Run from Home | No |
| Part Time | No |
Training and Support Offered By Candlewood Suites
Candlewood Suites offers several support options to its franchisees. With 415 (as of 2020) units, Candlewood Suites aims to provide support to each franchise owner to help them operate a successful franchise location. Candlewood Suites offers Varies on the job training, Varies classroom training, and No additional training.
Training and Support Offered
Here are the support options offered by Candlewood Suites.
| On-The-Job Training | Varies |
| Classroom Training | Varies |
| Additional Training | No |
| Ongoing Support |
|
| Marketing Support |
|
Is Candlewood Suites Right For You?
Candlewood Suites has gone digital! Here are all of the ways you can find Candlewood Suites online. Oftentimes, you can reach out to current franchisees of Candlewood Suites online. Current franchisees may be able to offer personalized insights into what it is like owning a Candlewood Suites franchise and offer tips to running a successful Candlewood Suites franchise location.
Why Should You Start a Candlewood Suites Franchise?
Investing in a Travel franchise such as Candlewood Suites can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Candlewood Suites franchise and we'll be in touch soon!
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