HomeTowne Studios by Red Roof
Economy extended stay and transient lodging hotels offering guest rooms and amenities for extended stay, temporary housing, or short visits, including in-room kitchens or kitchenettes, Wi-Fi, laundry, housekeeping, vending, and business center services.
Your franchise match score
Lodging & Hospitality
Brand highlights
- CEO
- Headquarters7815 Walton Parkway, New Albany, OH, 43054
- Year founded2017
- Year started franchising2018
- IndustryLodging & Hospitality
- Locations open59 (+59 last three years)
Statistics & metrics
- Investment range$7,922,984 - $9,882,191
- Franchise fee$30,000
- Royalty5% of Gross Room Revenues
- Brand fund2.5% of Gross Room Revenues
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Lodging & Hospitality industry:
From hotels and motels to vacation rentals, the lodging industry is a cornerstone of the travel sector. Franchises in this category offer the chance to be part of the global tourism economy.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-04-01
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about HomeTowne Studios by Red Roof, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of HomeTowne Studios by Red Roof's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving HomeTowne Studios by Red Roof, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a HomeTowne Studios by Red Roof franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information HomeTowne Studios by Red Roof provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 59 |
| Franchise locations | 8 |
| Corporate locations | 51 |
System growth over time
FAQs
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