Description
Extended Stay America – hotel operator and hotel franchise opportunities
The hotel company Extended Stay America is an economy hotel operator that operates primarily in Canada and the United States. It owns more than 630 hotels with a total of 62 thousand rooms. In addition, the company franchises and operates over 70 different hotel establishments with a total of 7,500 rooms.
The first two Extended Stay America hotels opened in 1995. Their founders were entrepreneurs Wayne Huizeng and George Johnson, who at that time were the former owners of the Viacom media holding. Already at the end of 1995, the company went public, as its shares began to be placed initially and sold to investors.
Hotel operator Extended Stay America
In 2021, the company was acquired by Blackstone Real Estate and Starwood Capital Group. At the moment, the company’s revenues are estimated at $1.28 billion. Mainly Extended Stay America owns budget hotels and long-stay hotels. In the hotel chain there is an opportunity to have a cheap rest, dine, children live for free. In addition, tourists and visitors to hotel establishments can live with pets.
The rooms are standard and very basic, but inside they have everything to relax alone, with family or friends. In addition, the price per night in such a hotel does not exceed several tens of dollars, depending on the state.
By locating the chain’s outlets in popular vacation destinations such as Miami, New York, Washington, DC and other locations, Extended Stay America is developing and its management invites future partners to conclude a franchise agreement and work under a well-known brand. To become a franchisee and receive patronage from the management company Extended Stay America, you need to have extensive experience in running the hotel business, as well as a certain amount of capital.
By concluding a franchise agreement with Extended Stay America, you get the support of a well-known hotel operator, which is one of the leaders in the modern hotel business management market. You will be supported not only by managers, but also by the company’s leaders, you will be able to undergo preliminary training.
If you are looking for a management company – a hotel operator, or want to open a hotel, then our experts will be able to offer you a comprehensive solution in the opening and management of a hotel.
Extended Stay America Franchise Costs:
- Initial fee: is 50 thousand dollars.
- Royalty – 5% of the total income per room per month.
- Total investments – from 7.53 million to 9.9 million dollars.
Read more about “Hotel Operator: Extended Stay America”, on the official website of the company: https://www.extendedstayamerica.com/
Our services
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Proriat Franchise Development – brand development, attracting partners, franchisees, and opening new restaurants. Franchise catalog on the website: www.proriat-franchise.com
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