Start-Up Costs and Fees |
||
| La Quinta | GrandStay Residential Suites | |
| Investment | 3822657 - 12901630 | 117900 - 10090200 |
| Franchise Fee | 0 | |
| Royalty Fee | 4-4.5% | 5% |
| Advertising Fee | 4.50% | 2% |
| Year Founded | 1968 | 2000 |
| Year Franchised | 2001 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| La Quinta | GrandStay Residential Suites | |
| Experience | General business experience | |
Financing Options |
||
| La Quinta | GrandStay Residential Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| La Quinta | GrandStay Residential Suites | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) | |
Expansion Plans |
||
| La Quinta | GrandStay Residential Suites | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| La Quinta | |
| GrandStay Residential Suites | |
| Franchise Fee | |
| La Quinta | |
| GrandStay Residential Suites | |
| Royalty Fee | |
| La Quinta | 4-4.5% |
| GrandStay Residential Suites | 5% |
| Advertising Fee | |
| La Quinta | 4.50% |
| GrandStay Residential Suites | 2% |
| Year Founded | |
| La Quinta | 1968 |
| GrandStay Residential Suites | 2000 |
| Year Franchised | |
| La Quinta | 2001 |
| GrandStay Residential Suites | 2000 |
| Term Of Agreement | |
| La Quinta | 20 years |
| GrandStay Residential Suites | |
| Renewal Fee | |
| La Quinta | |
| GrandStay Residential Suites | |
Business Experience Requirements |
|
| Experience | |
| La Quinta | General business experience |
| GrandStay Residential Suites | |
Financing Options |
|
| Franchise Fees | |
| La Quinta | No |
| GrandStay Residential Suites | No |
| Start-up Costs | |
| La Quinta | |
| GrandStay Residential Suites | |
| Equipment | |
| La Quinta} | |
| GrandStay Residential Suites | |
| Inventory | |
| La Quinta | |
| GrandStay Residential Suites | |
| Receivables | |
| La Quinta | |
| GrandStay Residential Suites | |
| Payroll | |
| La Quinta | |
| GrandStay Residential Suites | |
Training & Support |
|
| Training | |
| La Quinta | |
| GrandStay Residential Suites | |
| Support | |
| La Quinta | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| GrandStay Residential Suites | |
| Marketing | |
| La Quinta | Co-op advertising, Ad slicks, National media, Regional advertising |
| GrandStay Residential Suites | |
| Operations | |
| La Quinta | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) |
| GrandStay Residential Suites | |
Expansion Plans |
|
| US Expansion | |
| La Quinta | |
| GrandStay Residential Suites | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| La Quinta | |
| GrandStay Residential Suites | |
| International Expansion | |
| La Quinta | |
| GrandStay Residential Suites | |