WoodSpring Suites FDD Summary
Type of Business
WoodSpring Hotels Franchise Services LLC will grant an approved Franchisee a franchise to operate a WoodSpring Suites property or a WoodSpring Suites Signature property, which offers customers the value of a furnished room with kitchen facilities, together with terms and conditions, services and amenities associated with extended-stay hotels, including easy check-in, one-week stays, and periodic housekeeping.
Corporate Information
WoodSpring Hotels Franchise Services LLC is a Kansas limited liability company, which was formed on April 8, 2004 under the name Value Place Franchise Services LLC. Their principal business address is 8621 E. 21st Street North, Suite 250, Wichita, Kansas 67206. Until April 22, 2015 they operated under the name “Value Place Franchise Services LLC” but as of that date they changed their name to WoodSpring Suites Franchise Services LLC. They again changed their name on December 17, 2015 to WoodSpring Hotels Franchise Services LLC.
Investment
The total investment necessary to begin operation of a WoodSpring Suites franchise ranges from $5,548,800 to $7,066,800. This includes between $51,499 and $53,499 that must be paid to WHFS. The total investment necessary to begin operation of a WoodSpring Suites Signature franchise ranges from $6,230,000 to $7,723,000. This includes between $51,499 and $53,499 that must be paid to WHFS.