WoodSpring Suites franchise
A WoodSpring Suites franchisee develops and operates an extended-stay hotel with in-room kitchen facilities. At the end of 2025 there were 284 WoodSpring Suites locations in the US, all franchised.
- Cost to open
- $8.84M–$14.6M
- Franchise fee
- $50,000
- Royalty
- 6% of room revenue
- Locations, 2025
- 284+72 in 3 yrs
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Company snapshot
- SBA loans
- On the SBA Franchise Directory
From CHOICE HOTELS INTERNATIONAL, INC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a WoodSpring Suites franchise costs
Opening new hotel of up to 122 rooms costs an estimated $8,835,420 to $14,566,908. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: CHOICE HOTELS INTERNATIONAL, INC, 2026 filing, page 48
WoodSpring Suites franchise fee
The franchise fee is $50,000, New hotel with up to 122 rooms; $300 per additional room.. You pay it when you sign the franchise agreement.
Source: CHOICE HOTELS INTERNATIONAL, INC, 2026 filing, page 32
Royalty and ongoing fees
| Royalty | 6% of gross room revenues, with a separate marketing and reservation fee. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: CHOICE HOTELS INTERNATIONAL, INC, 2026 filing, page 35
Sales and earnings
Shares figures WoodSpring Suites publishes sales or earnings figures for its locations: Performance information excludes company-owned and partial-year properties and properties with incomplete statements.. The full tables, with notes on which locations are counted, are in its filing.
Source: CHOICE HOTELS INTERNATIONAL, INC, 2026 filing, page 83
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 235 (+23) | 0 | 1 |
| 2024 | 256 (+21) | 0 | 4 |
| 2025 | 284 (+28) | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
WoodSpring Suites passes all five tests on our list of the best franchises to own and ranks number 17.
Source: CHOICE HOTELS INTERNATIONAL, INC, 2026 filing, page 88
