- Founded in 1995
- Franchising Since 1995
- 370 US Franchises
- $13M - $19M Investment Range
- N/A Average Gross Revenue
- 5.5% Royalty Fee
- $60K Franchise Fee
Each Candlewood Suites property features spacious, well-appointed suites equipped with full kitchens, including full-size refrigerators, dishwashers, and modern appliances, allowing guests to maintain their daily routines while away from home. The brand's signature Candlewood Cupboard, a 24/7 honor-based pantry system, offers convenience items and necessities at reasonable prices, while the free guest laundry facilities and state-of-the-art fitness centers cater to extended-stay needs.
Recent brand rejuvenation efforts have elevated the guest experience with modern design elements, upgraded in-room entertainment systems, and enhanced bathroom facilities. The franchise's commitment to exceptional service is evident through consistently positive guest reviews highlighting friendly staff, cleanliness, and attention to detail.
For franchise owners, Candlewood Suites offers a proven business model in the growing extended-stay segment, backed by IHG's powerful reservation system and loyalty program. The brand's focus on operational efficiency and guest satisfaction has helped establish its reputation as a reliable choice for travelers seeking comfortable, long-term accommodation solutions. With strategic locations near business districts, healthcare facilities, and major transportation hubs, Candlewood Suites continues to expand its footprint while maintaining high standards of service and comfort.
How much does it cost to start a franchise with Candlewood Suites?
- Franchise Fee
- $60K
- Investment Range
- $13M - $19M
- Investment Midpoint
- $16M
- Minimum Cash Required
- $13M
- Royalty Fees
- 5.5%
- Brand Fund
- 2.5%
The lodging industry benefits from recovering travel demand and growing preference for extended-stay accommodations driven by remote work trends and corporate housing needs. Established in 1995 with 370 units, Candlewood Suites demonstrates mature system stability under IHG's portfolio, providing franchisees with proven operational frameworks and brand recognition.
This investment suits experienced hospitality operators or real estate developers with substantial liquid capital, typically requiring 25-30% cash investment with SBA financing available for qualified buyers. The extended-stay model offers operational advantages through longer guest stays, reduced housekeeping frequency, and kitchen-equipped suites commanding premium rates.
Key considerations include high barrier to entry limiting competition, territory protection through development agreements, and complex operational requirements demanding hospitality experience. The brand's association with IHG provides access to reservation systems, loyalty programs, and operational support, though franchisees must meet stringent brand standards. Prospective investors should thoroughly review the FDD and conduct comprehensive market analysis to evaluate local demand for extended-stay accommodations and competitive positioning.
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Financing Details
Franzy connects you with top-tier financing partners to help secure the funds to invest in a franchise like Candlewood Suites. Whether you're looking for a loan or exploring other financial products, our partners provide expert guidance to ensure you obtain the necessary capital. They specialize in offering solutions tailored to the needs of franchisees, making the process of securing financing smooth and straightforward.
Why Financing with Franzy Partners?
Choosing to finance through Franzy's partners ensures you get the best terms and support for your franchise investment. Our partners have extensive experience in the franchising industry and offer specialized financial solutions tailored to your needs. With competitive interest rates and flexible repayment options, you can find the right financing plan that fits your budget and goals. Our partners are committed to providing personalized guidance throughout the financing process, making it easier for you to secure the necessary funds and confidently move forward with your franchise venture.
Finance Partners
FranFund
Financing Partner
Tenet Financial
Financing Partner
CRF USA
Financing Partner
First Bank of the Lake
Financing Partner
Live Oak Bank
Financing Partner
Pension Pros
Financing Partner
Guidant Financial
Financing Partner
Preferred Funding Group
Financing Partner
The brand's strong guest satisfaction ratings indicate exceptional operational consistency, particularly important in the extended-stay segment. Market presence is strongest in the Southeast and Mid-Atlantic regions, with opportunities for expansion in the Western United States where coverage is less dense.
Successful Candlewood locations typically feature proximity to business parks, healthcare facilities, and transportation hubs, targeting extended-stay business travelers and project-based workers. Ideal locations demonstrate strong corporate presence, stable employment markets, and limited extended-stay competition. Growth opportunities exist in emerging business markets, particularly in underserved areas in the Mountain and Pacific regions.
Prospective franchisees should focus on markets with strong business travel demand, median household incomes above $65,000, and areas experiencing commercial development growth. Secondary cities with diverse economic bases and limited extended-stay inventory present particularly attractive opportunities.
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Track Growth to Gauge Success!
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Executive Team
Get to know the leadership behind Candlewood Suites. Learn about the experience and expertise of the executive team guiding Candlewood Suites's success. For more details, refer to Item 2 of the Franchise Disclosure Document (FDD).
Litigation
Review any legal actions or pending litigation involving Candlewood Suites. Understanding the legal history helps assess potential risks and the brand's business practices. For more details, refer to Item 3 of the Franchise Disclosure Document (FDD).
Bankruptcy
Review Candlewood Suites's bankruptcy history and any filings by key personnel or affiliates. This critical information provides transparency about the brand's financial stability and management. For more details, refer to Item 4 of the Franchise Disclosure Document (FDD).
Franchisor Assistance
Learn about Candlewood Suites's comprehensive support system for franchisees, including initial training programs and continuous operational assistance. Understanding the available resources and support structure is crucial for franchise success. For more details, refer to Item 11 of the Franchise Disclosure Document (FDD).
The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.
- Founded in 1995
- Franchising Since 1995
- 370 US Franchises
- $13M - $19M Investment Range
- N/A Average Gross Revenue
- 5.5% Royalty Fee
- $60K Franchise Fee
