GreenTree Inn franchise
2023 filing · May 4, 2023
GreenTree Inn at a glance
A select-service hotel.
The business
- Industry
- Hotel
- Franchisor
- GreenTree Hospitality Group, Inc
- The company that sells the franchises
What you pay
- Cost to open
- $301K–$1.82M
- Fee, build-out and opening working capital
- Franchise fee
- $20,000
- For up to 100 rooms, plus $200 for each room over 100 and a $2,500 application fee
- Royalty
- 4%
- 4% of gross room revenue, paid monthly, plus up to 4% to the marketing fund and 8% of the revenue from each booking made through the central reservation line
- Brand fund
- Yes
- Up to 4% of gross room revenue, paid monthly
Where it is
- Franchised, 2022
- 11
- As printed in the filing
From GreenTree Hospitality Group, Inc’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
GreenTree Inn among all franchises with the same figure.
| Figure | GreenTree Inn | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $1,058,200 | Costs more than 84% of franchises |
| Franchise feePaid once, when you sign | $20,000 | Lower than 89% of franchises |
| RoyaltyShare of sales paid to the franchisor | 4% | Lower than 93% of brands with a set rate |
How much a GreenTree Inn franchise costs
Opening one GreenTree Inn costs an estimated $300,500 to $1,815,900. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are improvements, remodeling and decorating costs ($0 to $751,000) and furniture, fixtures, other fixed assets and equipment ($0 to $492,300). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Application Fee | $2,500 | ||
| Initial Franchise Fee | $20,000 | $24,000 | |
| Pre-Opening PIP Fee | $2,500 | ||
| Permits | $2,500 | $7,500 | |
| Signage | $25,000 | $100,000 | |
| Improvements, remodeling and decorating costs | $0 | $751,000 | |
| Furniture, fixtures, other fixed assets and equipment | $0 | $492,300 | |
| Website | $1,000 | ||
| Opening Inventory and Supplies | $6,000 | $30,600 | |
| Technical Systems | $0 | $15,000 | |
| Insurance andbonds | $10,000 | $16,000 | |
| Grand Opening Advertising | $5,000 | $10,000 | |
| Financial, tax and legal costs | $15,000 | $45,000 | |
| Miscellaneous opening costs | $160,000 | $220,000 | |
| Additional Funds-3 months | $51,000 | $61,000 | |
| Conversion Contingency | $0 | $37,500 | |
| Total | $300,500 | $1,815,900 | |
Source: GreenTree Hospitality Group, Inc, 2023 filing, page 17
GreenTree Inn franchise fee
The franchise fee is $20,000, for up to 100 rooms, plus $200 for each room over 100 and a $2,500 application fee. You pay it when you sign the franchise agreement.
Source: GreenTree Hospitality Group, Inc, 2023 filing, page 10
Royalty and ongoing fees
| Royalty | 4% of gross room revenue, paid monthly, plus up to 4% to the marketing fund and 8% of the revenue from each booking made through the central reservation line. |
|---|---|
| Brand or marketing fund | Up to 4% of gross room revenue, paid monthly. |
| Transfer Fee | $20,000 plus $200 times the number of guest rooms over 100 rooms |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: GreenTree Hospitality Group, Inc, 2023 filing, page 11
Other fees as filed, from page 13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures GreenTree Inn does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: GreenTree Hospitality Group, Inc, 2023 filing, page 41
SBA loans to GreenTree Inn franchisees
Lenders approved 4 SBA-backed loans for GreenTree Inn franchisees from 2019 to 2023, $9.95M in all: 1 7(a) loan and 3 504 loans. One has been paid in full; none was charged off. The other 3 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How GreenTree Inn compares
Of the 116 hotel franchises on this site, GreenTree Inn is the 23rd cheapest to open.
| Figure | GreenTree Inn | Typical hotel brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $301K | $9.44M | $222K |
| Cost to open, high end | $1.82M | $21.3M | $477K |
| Franchise fee | $20K | $54K | $40K |
| Royalty | 4% | 5% | 6% |
| Shares earnings figures | No | 71 of 116 | 2,147 of 3,352 |
Typical is the median across the 116 brands in hotel franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2020 | 9 (−1) | 7 |
| 2021 | 10 (+1) | 8 |
| 2022 | 11 (+1) | 7 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
These figures don't add up as printed: the 2020 counts come to 16, but the filing shows 17. Worth asking the franchisor.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: hotel franchise costs and franchise failure rates.
Source: GreenTree Hospitality Group, Inc, 2023 filing, page 42
Where GreenTree Inn locations are
At the end of 2022, GreenTree Inn had locations in 6 states. The most are in Arizona, Colorado and California.
- Arizona9
- Colorado3
- California2
- New Mexico2
- Missouri1
- Texas1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Arizona | 6 | 3 | 9 |
| Colorado | 1 | 2 | 3 |
| California | 1 | 1 | 2 |
| New Mexico | 2 | 0 | 2 |
| Missouri | 1 | 0 | 1 |
| Texas | 0 | 1 | 1 |
Source: GreenTree Hospitality Group, Inc, 2023 filing, page 43
Who owns GreenTree Inn?
GreenTree Inn franchises are sold by GreenTree Hospitality Group, Inc.
From GreenTree Hospitality Group, Inc’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: GreenTree Hospitality Group, Inc, 2023 filing, litigation on page 10, bankruptcy on page 10
GreenTree Inn filings
The figures on this page come from GreenTree Hospitality Group, Inc’s 2023 filing, issued May 4, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | May 4, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
