Profile

Since its inception in 1989 , Candlewood Suites franchise has stood as a cornerstone in the global Travel & Hospitality. With a pioneering role in the franchise business, Candlewood Suites has consistently set the standard for excellence and innovation. It’s worth noting that Candlewood Suites began offering franchises in 2003, marking a significant milestone in the company’s history.

Summary

General

Retail Location: Unlock access

Category: Hotels & Lodging and Travel & Hospitality

Year of Founding: 1989

Fees & Financing

Marketing Fee: 3%

Royalty Fee: %6

Franchise Fee: 0

Min Cash Required: $2,985,135

Location units

Total Locations: 370

Franchised Units: 370

Corporate Units: 0

Details

FAQ

How much:

The cost of opening a Candlewood Suites franchise can vary depending on a number of factors. On average, you can expect to invest between $13.41M-$19.46M. This range includes expenses like the initial franchise fee, equipment, signage, seating, and other essential costs.

How profitable:

The profitability of a Candlewood Suites franchise can vary widely depending on factors such as location, operating costs, management efficiency, and local market conditions. If you are interested in knowing more about how profitable a Candlewood Suites franchise is and its average unit volume, make sure to click here and become a Vetted Member to unlock access.