Affordable Suites of America
Affordable Suites of America provides extended-stay hotel lodging for guests who need temporary housing by the week or month. Our hotels offer rates that are generally lower than conventional hotels, with fully furnished suites that include complete kitchens, separate bedrooms, cable television, weekly housekeeping, and on-site laundry facilities. We serve travelers and working professionals who need comfortable, practical accommodations for longer stays, including people who are temporarily assigned or relocating. We operate as a hotel brand with a consistent design, decor, furnishings, and service standards across each property. Our hotels are developed as either new construction or conversion properties, typically with 75 rooms.
Your franchise match score
Lodging & Hospitality
Brand highlights
- CEOGary DeLapp
- Headquarters10801 Monroe Road, Matthews, NC, 28105
- Year founded2018
- Year started franchising1998
- IndustryLodging & Hospitality
- Locations open20 (+1 last three years)
Statistics & metrics
- Investment range$4,302,000 - $5,595,000
- Franchise fee$30,000
- RoyaltyGreater of $2,500 per month or 5% of your Gross Room Revenues
- Brand fundUp to 2% of your Gross Room Revenues per month. Currently 1% of your Gross Room Revenues.
- Required Liquid CapitalN/A
- Required Net WorthN/A
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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: 2020-12-14
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Affordable Suites of America, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Initial Franchise Fee | Learn about the initial franchise fee required to join the Affordable Suites of America franchise system and what that fee covers. | |
| Other Fees | Understand the ongoing and additional fees associated with owning a Affordable Suites of America franchise, including royalties, marketing contributions, and other required payments. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Affordable Suites of America franchise, including startup costs and working capital estimates. | |
| Territory | Understand how franchise territories are defined, whether they are exclusive, and under what circumstances they may be modified by Affordable Suites of America. | |
| Financial Performance Representations | Review any financial performance information Affordable Suites of America provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 20 |
| Franchise locations | 10 |
| Corporate locations | 10 |
System growth over time
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