Studio 6 is an extended stay hotel franchise offering all-suites lodging with limited services. The system has shown strong growth with 273 total units as of 2024, up from 240 in 2023. The franchise fee is $25,000 with a 5% royalty rate and 3% program fee. Total investment ranges from $197,107 for conversions to over $9.2 million for new construction. The franchise agreement has a 15-year initial term with one 10-year renewal option. Notable positives include no post-term non-compete restrictions and strong system growth. The investment range is quite wide depending on whether converting existing property or building new.
Generated from 2024 Franchise Disclosure Document
AI-generated from FDD analysis — use as a checklist with your attorney
Total startup costs, working capital, and financial requirements
Training, marketing support, technology, and operational assistance
Royalty, marketing, technology, and other ongoing fees
Revenue data, P&L estimates, and financial projections
Lawsuits, disputes, and legal risk assessment
Territory rights, term length, non-compete, and transfer rules
82 legal provisions scored on a franchisee-friendliness scale
Unit growth trends, exit rates, and system trajectory
Similar to Studio 6 in category and investment range