MainStay Suites

MainStay Suites

Information based on 2024 FDD

Lodging & Hospitality · Hotels, Resorts

Investment min
$9M
Total: $9M–$16M
Avg gross revenue
N/A
Unit-level, 2024
Franchise fee
$50K
Per current disclosure
Royalty
6%
of gross revenue
Locations
126
Franchising since 1996

Description

What is MainStay Suites?

MainStay Suites, established in 1996, has emerged as a leading extended-stay hotel brand that combines comfort, convenience, and modern amenities to create a true home-away-from-home experience. As part of the Choice Hotels family, MainStay Suites specializes in providing spacious, apartment-style accommodations perfect for both short visits and extended stays.

Each suite features a well-equipped kitchen with full-size appliances, cookware, and utensils, allowing guests to maintain their daily routines while traveling. The thoughtfully designed rooms offer separate living and sleeping areas, creating a comfortable space for both work and relaxation. Modern amenities include high-speed internet, premium bedding, and contemporary furnishings that cater to today's travelers' needs.

What sets MainStay Suites apart is their commitment to guest satisfaction through exceptional service and attention to detail. Properties typically offer convenient amenities such as fitness centers, business centers, and on-site laundry facilities. Many locations provide complimentary breakfast options and maintain 24-hour front desk service, ensuring guests have support whenever needed.

The brand has strategically positioned its properties in key locations across the United States, making it an ideal choice for business travelers, families, and those seeking temporary housing solutions. With a focus on cleanliness, comfort, and customer service, MainStay Suites continues to receive positive guest feedback for their welcoming atmosphere and professional staff. Whether staying for a few nights or several weeks, guests can expect a consistent, quality experience that combines the comforts of home with the conveniences of a hotel.
  • Choice Hotels International system backing
  • Nearly three decades of operational experience since 1996
  • 126 active units demonstrating proven business model
  • Apartment-style suite accommodations for extended stays
  • Corporate housing and business travel market focus
  • Established reservation and loyalty program systems

Location Analysis

Where MainStay Suites wins

MainStay Suites maintains a strategic presence across multiple states, showing particular strength in the Mid-Atlantic and Southern regions. The brand has established a notable concentration in Pennsylvania, while maintaining strong market presence in Texas, Virginia, North Carolina, and North Dakota, indicating a balanced regional distribution. The brand's average rating of 3.67 across numerous customer reviews suggests moderate satisfaction levels, with notable performance variations by region.

The franchise demonstrates strongest market penetration in business-centric corridors and secondary markets, particularly along major interstate routes. This positioning allows MainStay Suites to capture both business travelers and extended-stay guests while avoiding oversaturated primary markets. The significant presence in Pennsylvania and Virginia indicates successful penetration of the Northeast corridor, while the established footprint in Texas suggests opportunity for expansion in the growing Sunbelt region.

Key expansion opportunities exist in underserved Midwest and Western states, particularly in markets with strong business travel and growing metropolitan areas. Successful locations typically feature proximity to business districts, healthcare facilities, or major transportation corridors, with optimal positioning in markets displaying strong corporate presence and sustained economic growth.

For prospective franchisees, ideal locations should target areas with median household incomes above $65,000, stable employment metrics, and limited extended-stay competition. Markets with significant business development projects or healthcare expansion plans present particularly attractive opportunities.
Total US locations
126
Franchise units
126
Corporate locations
0
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind MainStay Suites

Avg gross revenueN/A
Investment range$8,690,125 – $15,787,913
Investment midpoint$12,239,019
Brand fund2.5%
Royalty6%
Franchise fee$50,000
Min. net worth
Min. liquid capital
MainStay Suites requires a substantial investment of $8.7M to $15.8M, positioning it in the premium hospitality franchise tier. This investment significantly exceeds the sub-sector average range of $8.4M to $9.3M, reflecting the brand's upscale extended-stay positioning and comprehensive property development requirements. The capital typically covers land acquisition, construction, furniture/fixtures, and pre-opening expenses.

The extended-stay hotel sector benefits from strong business travel recovery and corporate housing demand, with travelers seeking apartment-style amenities for longer stays. MainStay Suites targets the growing market of business professionals, relocating families, and project-based workers requiring weekly or monthly accommodations. The hospitality industry shows resilience post-pandemic, particularly in the extended-stay segment.

With 126 active units since 1996, MainStay Suites demonstrates measured growth and operational stability over nearly three decades. As part of Choice Hotels International, the system benefits from established infrastructure, reservation systems, and brand recognition within the hospitality portfolio.

Investment considerations include high capital requirements, complex hotel operations, and market-dependent performance. Territory rights typically provide market protection, while management complexity requires experienced hospitality operators or professional management companies. Revenue data is not currently available for comprehensive financial performance analysis.

Prospective franchisees should thoroughly review the FDD and conduct comprehensive market analysis before proceeding.
Did you know? Did you know that launching a MainStay Suites franchise - Choice Hotels' extended-stay brand designed for business travelers and guests needing week-long accommodations - requires a substantial total investment between $8,690,125 and $15,787,913, which covers everything from the $50,000 franchise fee to construction, furnishing, and operational setup costs that vary significantly based on your property size, location, and local market conditions?

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$9M–$16M
Most common
$8,690,125
Minimum
$12,239,019
Midpoint
$15,787,913
Maximum

Per FDD Item 7, total initial investment ranges from $8,690,125 to $15,787,913. The midpoint $12,239,019 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

Growth over time

Franchise footprint

+10% YoY
1501209060300
2017
2018
2019
2020
2021
2022
2023
2024
126 units open as of 2024 FDD+11 in last 12 mo

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for MainStay Suites's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2024 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a MainStay Suites franchise typically ranges between $8,690,125.00 and $15,787,913.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. 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.

MainStay Suites
MainStay Suites
N/A avg revenue · 126+ US franchises

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