Woodspring Suites
Lodging & Hospitality · Hotel Resorts
Description
What is Woodspring Suites?
What sets Woodspring Suites apart is their innovative approach to hotel operations, focusing on essential amenities that matter most to extended-stay guests. Each property features in-suite kitchens, full-size refrigerators, and ample storage space, allowing guests to maintain their daily routines while away from home. The brand's commitment to cleanliness, security, and guest satisfaction has earned them a loyal customer base among professionals, contractors, and relocating families.
As a franchise opportunity, Woodspring Suites offers a proven business model in the growing extended-stay hotel market. The brand's strategic location selection process, efficient operational systems, and strong corporate support structure provide franchisees with the tools needed for success. Their streamlined staffing model and focus on essential services helps maintain operational efficiency while delivering consistent guest experiences.
The brand continues to expand its footprint across the United States, capitalizing on the increasing demand for extended-stay accommodations. With their professional management approach and commitment to quality service, Woodspring Suites presents an opportunity to enter the hospitality industry with a respected brand that understands the evolving needs of modern travelers.
- #1 Economy Extended Stay Brand for Guest Satisfaction by J.D. Power
- 235+ Active Units Nationwide
- Full Kitchen in Every Suite
- Pet-Friendly Locations Available
- 20+ Years of Extended Stay Experience Since 2003
- Smartly-Designed Suites with Affordable Rates
Location Analysis
Where Woodspring Suites wins
The franchise's expansion pattern suggests a focus on high-traffic corridors and business-heavy regions, particularly targeting areas with strong commercial activity and extended-stay demand. Key success factors include proximity to business parks, healthcare facilities, and major transportation routes. The brand's strongest markets align with regions experiencing population growth and robust business development.
Market opportunities exist in the Northeast and Western states, where coverage is currently limited. Ideal locations for new franchises typically feature: 2+ acre sites in suburban locations, proximity to major highways, strong corporate presence, and growing metropolitan areas with median household incomes above $50,000. The brand shows particular success in markets with significant construction, healthcare, or energy sector activity.
For prospective franchisees, primary consideration should be given to secondary markets near major metropolitan areas, especially those experiencing commercial development and population growth. The established success in Texas and Florida suggests these markets continue to offer strong potential for additional units.
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Financial Analysis
The numbers behind Woodspring Suites
The extended-stay segment benefits from strong market fundamentals driven by corporate relocations, temporary work assignments, and cost-conscious travelers seeking apartment-style amenities. WoodSpring's focus on economy extended-stay positions it advantageously as businesses prioritize cost management while maintaining employee comfort during extended assignments.
With 235 active units since 2003, WoodSpring demonstrates solid system maturity and measured growth trajectory over two decades of operation. The brand reports gross revenue of $2.12M, though direct comparisons with sub-sector averages may be limited due to different business models and revenue definitions within the broader hotel resort category.
Ideal investors possess extensive hospitality experience, substantial capital reserves, and understanding of property management complexities. The business model requires active operational oversight and strong local market knowledge. Multi-unit development potential exists for qualified operators in suitable markets with corporate presence and transient workforce demand.
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
CRF USA
Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.
First Bank of the Lake
Pension Pros
FDD Item 7
Initial investment range
Per FDD Item 7, total initial investment ranges from $8,461,190 to $11,236,342. The midpoint $9,848,766 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.
FDD Item 19
Average gross sales
According to Item 19 of the Franchise Disclosure Document, Woodspring Suites has an average gross revenue of $2M. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)
Growth over time
Franchise footprint
2024 Franchise Disclosure
FDD documents
Below are items 2, 3, 4, 7, 11 and 19 for Woodspring Suites's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.
Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.
Buyer FAQs
Frequently asked questions
The initial investment for a Woodspring Suites franchise typically ranges between $8,461,190.00 and $11,236,342.00. 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.
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