Question 1

How much does it cost to open a WoodSpring Suites franchise?

Accepted Answer

The total initial investment for a WoodSpring Suites franchise ranges from $8.2M to $13.3M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the WoodSpring Suites franchise fee?

Accepted Answer

The initial franchise fee for WoodSpring Suites is $50K.

Question 3

What are the net worth requirements for a WoodSpring Suites franchise?

Accepted Answer

Net worth requirements for WoodSpring Suites are specified in the Franchise Disclosure Document.

Question 4

Does WoodSpring Suites require a personal guarantee?

Accepted Answer

Yes, WoodSpring Suites requires a personal guarantee from franchisees.

Question 5

What equipment and inventory costs are involved with a WoodSpring Suites franchise?

Accepted Answer

Equipment costs for a WoodSpring Suites franchise range from $550K to $600K.