Question 1

How many WoodSpring Suites franchise locations are there?

Accepted Answer

WoodSpring Suites currently has 256 total units, including 256 franchised locations and 0 company-owned locations.

Question 2

Is the WoodSpring Suites franchise system growing or shrinking?

Accepted Answer

WoodSpring Suites has experienced positive net growth of +8.9% over the past year, with a 3-year compound annual growth rate (CAGR) of +6.5%.

Question 3

What is the franchise vs. company-owned ratio for WoodSpring Suites?

Accepted Answer

WoodSpring Suites has a franchise ratio of 100%, meaning 100% of all units are franchisee-owned. This is a heavily franchised system.

Question 4

How many WoodSpring Suites franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), WoodSpring Suites had 25 units opened and 2 units closed.