GrandStay FDD Summary
Type of Business
The franchisor offers franchises for four different types of properties: GrandStay Residential Suites Hotels, Crossings by GrandStay properties, GrandStay conference centers and GrandStay Hotel & Suites properties. GrandStay Residential Suites Hotels specialize in taking care of the needs of guests requiring extended-stay accommodations and offer studio and one and two bedroom suites featuring separate living and sleeping areas with fully equipped kitchens. “Crossings by GrandStay” properties cater to short-term corporate, leisure and vacation travelers, and generally offer somewhat fewer amenities than GrandStay Residential Suites Hotels. GrandStay conference centers feature a full conference center attached to the property and a variety of room choices, including both short-term and extended-stay suites. GrandStay Hotel & Suites properties offer a wide variety of guest rooms including extended-stay suites with full kitchens.
Corporate Information
GrandStay Hospitality, LLC is a Minnesota limited liability company formed on September 5, 2000. Their principal business address is 7077 Northland Circle North, Suite 330, Brooklyn Park, Minnesota 55428. They began offering franchises in November 2000.
Investment
The total investment necessary to begin operation of a new build GrandStay hotel, other than a Crossings by GrandStay property, is $5,037,500 to $8,789,000 and $124,000 to $1,020,000 for a conversion property. The total investment necessary to begin operation of a new build Crossings by GrandStay property is $3,387,500 to $5,824,000 and $134,000 to $865,000 for a conversion property. In all cases, this includes $35,000 that must be paid to the Franchisor.