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Woodspring Hotels

Facts & figures

Liquid capital required

$1,000,000

Net worth required

$3,000,000

Investment

$5,035,000 - $7,031,000

Franchise fee

$50,000

Units in operation

The capital required to open a unit is $1,000,000. The franchise expects its new franchisees to have a net worth of at least $3,000,000. $5,035,000 is the minimum that Woodspring Hotels expects its owners will need to invest in a new location. $7,031,000 is the maximum that someone opening a location should expect to invest. Before you become an owner, you will owe the franchisor a franchise fee of $50,000. There are currently 12 Woodspring Hotels units in operation.