Question 1

How much does it cost to open a ECHO Suites Extended Stay by Wyndham franchise?

Accepted Answer

The total initial investment for a ECHO Suites Extended Stay by Wyndham franchise ranges from $11.5M to $17.3M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the ECHO Suites Extended Stay by Wyndham franchise fee?

Accepted Answer

The initial franchise fee for ECHO Suites Extended Stay by Wyndham is $35K.

Question 3

What are the net worth requirements for a ECHO Suites Extended Stay by Wyndham franchise?

Accepted Answer

Net worth requirements for ECHO Suites Extended Stay by Wyndham are specified in the Franchise Disclosure Document.

Question 4

Does ECHO Suites Extended Stay by Wyndham require a personal guarantee?

Accepted Answer

Yes, ECHO Suites Extended Stay by Wyndham requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a ECHO Suites Extended Stay by Wyndham franchise?

Accepted Answer

Equipment costs for a ECHO Suites Extended Stay by Wyndham franchise range from $782K to $912K. Initial inventory costs range from $444K to $507K.