Staybridge Suites

Thinking of investing in a Staybridge Suites franchise? We think it’s a great opportunity for anyone looking to open a business with an experienced franchisor behind them. Founded in 1997, Staybridge Suites specializes in Suite hotels. As a Hotels & Motels franchise, Staybridge Suites has grown to include over 311 (as of 2020) units since they began franchising in 1997 (24 years). It costs an estimated $15,352,595 – $22,436,565 to open a Staybridge Suites franchise.

About Staybridge Suites

At Staybridge Suites® hotels, you’ll enjoy a warm, welcoming experience with the home-like comforts you want and all of the little things you need. Suites with more space, complimentary hot breakfast buffet and opportunities to socialize make it easy to relax, recharge and feel productive. Book with us and become an IHG Rewards Club member.

With over 200 locations worldwide, Staybridge 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.

MORE FLEXIBILITY IN YOUR PLANS

Our bookings can be changed without charge and most rates are able to be canceled without penalty.

YOUR HEALTH, SAFETY, AND WELL-BEING

All our hotels are required to adhere to comprehensive health and safety procedures including all local laws.

Company Founded

1997

Current Leadership

Elie Maalouf, CEO, Americas

Started Franchising

1997 (24 years)

Total Number of Units

311 (as of 2020)

Part-Time / Full-Time

Full Time

Stock Ticker Symbol

IHG

How Much Does It Cost To Open A Staybridge Suites Franchise?

There are several costs associated with opening a Staybridge 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 Staybridge Suites franchise. The weekly fee for opening a Staybridge 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 (Staybridge Suites Is Renewable) and does the franchise offer financing support (Staybridge Suites Staybridge Suites has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).

Staybridge Suites Company Details

Here are some additional details about Staybridge 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 Staybridge Suites

Staybridge Suites offers several support options to its franchisees. With 311 (as of 2020) units, Staybridge Suites aims to provide support to each franchise owner to help them operate a successful franchise location. Staybridge 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 Staybridge Suites.

On-The-Job Training	Varies
Classroom Training	Varies
Additional Training	No
Ongoing Support	Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates National Media SEO Website Development Loyalty Program/App
Estimated Revenue	Less than $1M

Is Staybridge Suites Right For You?

Staybridge Suites has gone digital! Here are all of the ways you can find Staybridge Suites online. Oftentimes, you can reach out to current franchisees of Staybridge Suites online. Current franchisees may be able to offer personalized insights into what it is like owning a Staybridge Suites franchise and offer tips to running a successful Staybridge Suites franchise location.

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Why Should You Start a Staybridge Suites Franchise?

Investing in a Travel franchise such as Staybridge 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 Staybridge Suites franchise and we'll be in touch soon!

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