GrandStay Residential Suites FDD – Franchise Information, Costs and Fees
Type of Business
The franchisor offers franchises for three different types of properties: GrandStay Residential Suites Hotels, 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. 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 1822 Buerkle Road, While Bear Lake, Minnesota 55110. They began offering franchises in November 2000.
Investment
The total investment necessary to begin operation of a GrandStay hotel is $5,038,400 to $24,175,200 for a new build and $124,900 to $1,021,200 for a conversion property. This includes $35,000 that must be paid to the Franchisor or affiliate. The total investment necessary to begin operation of a GrandStay conference center is $306,400 to $2,500,200 for a new build and $117,900 to $541,200 for a conversion property. This includes $35,000 that must be paid to the Franchisor or affiliate.
