stayAPT Suites
Extended-stay hotels offering temporary housing on a weekly and monthly basis at rates generally lower than conventional hotels, with fully furnished rooms, complete kitchens, separate bedrooms, cable television, weekly housekeeping, and on-site laundry facilities.
Your franchise match score
Lodging & Hospitality
Brand highlights
- CEOGary DeLapp
- Headquarters10801 Monroe Road, Matthews, NC, 28105
- Year founded2018
- Year started franchising2020
- IndustryLodging & Hospitality
- Locations open17 (+15 last three years)
Statistics & metrics
- Investment range$7,524,900 - $12,899,400
- Franchise fee$35,000
- RoyaltyGreater of $2,500 per month or 5% of your Gross Room Revenues. Or if not in default: 1% of your Gross Room Revenues during the 2024 and 2025 Calendar year; 2% of your Gross Room Revenues during the 2026 Calendar year; 3% of your Gross Room Revenues during the 2027 Calendar year; and 4% of your Gross Room Revenues during the 2028 Calendar year.
- Brand fundUp to 2.5% of your Gross Room Revenues per month. Currently 2% of your Gross Room Revenues per month.
- 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: 2024-04-26
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about stayAPT Suites, 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 stayAPT Suites franchise system and what that fee covers. | |
| Other Fees | Understand the ongoing and additional fees associated with owning a stayAPT Suites franchise, including royalties, marketing contributions, and other required payments. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a stayAPT Suites 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 stayAPT Suites. | |
| Financial Performance Representations | Review any financial performance information stayAPT Suites provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 17 |
| Franchise locations | 2 |
| Corporate locations | 15 |
System growth over time
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