WoodSpring Suites
WoodSpring Suites is an extended-stay, limited-service hotel brand that offers furnished guest rooms with kitchen facilities. We provide a simple, efficient lodging option for guests who need accommodations for a week or longer, with easy check-in and periodic housekeeping. Our hotels serve travelers such as construction workers, medical professionals, business owners, contract workers, military personnel, students, relocating families, and people needing temporary housing after a move or disaster. We operate in the low- to mid-priced lodging segment, focused on delivering practical, residential-style stays at an affordable rate. Each property follows a consistent system of design, service standards, quality checks, and operating procedures.
Your franchise match score
Lodging & Hospitality
Brand highlights
- CEOPatrick S. Pacious
- Headquarters915 Meeting Street, North Bethesda, MD, 20852
- Year founded1939
- Year started franchising2018
- IndustryLodging & Hospitality
- Locations open256 (-46 last three years)
Statistics & metrics
- Investment range$8,229,200 - $13,293,300
- Franchise fee$50,000
- Royalty6.0% of the preceding month’s Gross Room Revenues (“GRR”) (Note 2).
- Brand fund2.5% of the preceding month’s GRR (Note 3).
- 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: 2025-04-01
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about WoodSpring Suites, 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 WoodSpring Suites's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving WoodSpring Suites, 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 WoodSpring Suites franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information WoodSpring Suites provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 256 |
| Franchise locations | 256 |
| Corporate locations | 0 |
System growth over time
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