Staybridge Suites logo

Staybridge Suites

Hotels

Investment

$19,796,651

Initial Franchise Fee

$75,000

Units

337

Growth Rate

+7.3%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Lodging
Founded 1997
Franchising Since 1997
Parent Company IHG Hotels & Resorts
Leadership Jolyon Bulley, CEO, Americas
# of Employees at HQ 1711

Units and Growth Chart

About Staybridge Suites

Staybridge Suites is a creative, all-suite hotel brand. The brand attempts to satisfy the needs of extended stay guests by catering to a sense of community and home. A Staybridge Suites setting may be ideal for work, travel, and vacation. Staybridge Suites is a residential-style hotel brand within the InterContinental Hotels Group.

Staybridge Suites joined the extended-stay market in 1997 after they opened their flagship location in Alpharetta, Georgia. After that opening, the brand Staybridge Suites continued to expand, with over 300 hotels open across America, Europe, and the Middle East. Of those 300, over 250 are located in the United States.

Why You May Want to Start a Staybridge Suites Franchise

Staybridge Suites focuses on helping franchisees bring their brands to life and fuel mutual growth. Staybridge Suites' concept, teams, and technologies may be at the forefront of guest expectations and enjoyment, guiding the hotel industry. By joining Staybridge Suites properties worldwide, you will be providing the brand's signature of warm resorts for all visitors.

With Staybridge Suites, travelers may look forward to a fantastic hotel and the convenience, accessibility, and visual presence of a home away from home. Your Staybridge Suites franchise will have amenities such as a conference center, leisure center, and a pantry. Guests might also look forward to socializing with friends or other guests. 

What Might Make a Staybridge Suites Franchise a Good Choice?

Staybridge Suites support team helps franchisees throughout the groundbreaking, development, and/or reconstruction phases of your location to create the right hotel for your unique market. Additionally, franchisees are made aware of the franchise's worldwide support network, centralized delivery, technological capabilities, and marketing campaigns.

To be part of the Staybridge Suites team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include royalty fees and renewal fees. 

How To Open a Staybridge Suites Franchise

To get started with the Staybridge Suites franchise, you may submit a franchise inquiry form. Suppose you are seen as a good fit. In that case, a Staybridge Suites franchise representative may reach out to you to explain the next steps in the franchising process, along with various qualifications all franchisees must meet. Additionally, you may receive a copy of the Staybridge Suites Franchise Disclosure Document. This document allows you to study all the ins and outs of the brand. 

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask the Staybridge Suites team questions. Also, research the brand and your local area to see if a Staybridge Suites franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

It may be a good idea to speak with a financial advisor or attorney when deciding if you are financially sound enough to open a Staybridge Suites hotel franchise.

Investment Details

Initial Franchise Fee $75,000
Initial Investment $19,796,651 - $29,883,100
Net Worth Requirement
Cash Requirement
Royalty Fee 5.5%
Ad Royalty Fee 0
Technology Fee $17/room/mo.
Term of Agreement 20 years (average)
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive N/A

Available Territories

Franchising opportunities available in the following regions

United States International

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training Varies
Classroom Training Varies

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
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? No
# of employees required to run 0
Are exclusive territories available? No

Ranking History

Staybridge Suites performance in the Franchise rankings over recent years

Additional Rankings

Curious to know where Staybridge Suites ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022