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Candlewood Suites are dedicated to providing guests with all of the amenities they would have at home, while being away from home. Suites include fully stocked kitchens, work space, a TV with a DVD player, free wi-fi access, nearby laundry equipment, comfortable living room furniture, and a nice bed. Having all of these creature comforts makes Candlewood Suites a popular choice amongst guests who are business travelers or just looking for a place to have an extended stay. Cleanliness and reasonable prices keep guests coming back time and again, as well the popular “Candlewood Cupboard”, a place where guests can get food and snacks 24 hours a day.
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Liquid capital required
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$40,000
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Investment
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$10,569,180 - $15,464,176
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Franchise fee
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$40,000
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Royalty
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5.0%
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Offers Financing
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Yes
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Units in operation
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360
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Founded
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1995
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Franchising Since
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1996
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Candlewood Suites are owned by a world leader in the hotel industry, InterContinental Hotels Group. IHG also runs other popular hotel brands such as Holiday Inn, Crowne Plaza, Staybridge Suites, and Hotel Indigo. IHG reports that Candlewood Suites are relatively easy to manage, and each location requires an average of only twelve full time employees.
Candlewood Suites Franchise Opportunities - History
Founded in 1995, the first Candlewood Suites opened in 1996 in Wichita, Kansas. Franchising soon followed. In 2007, The first international Candlewood Suite opened in Montreal, Canada. Currently, there are nearly 300 Candlewood Suite locations (featuring a total number of rooms exceeding 25,000) across North America including more recently New York City, with nearly 100 more hotels currently in planning stages.
Candlewood Suites Franchise Cost / Initial Investment / Candlewood Suites
Franchise Income
Candlewood Suites has a franchise fee of $40,000. More specific details about the total investment a franchisee would need to make are unavailable at this time. Candlewood Suites does offer financial assistance, as well as additional incentives to its franchisees.
Candlewood Suites Business Opportunities: Other Information
Candlewood Suites also has airport hotels conveniently located right by some of America’s most popular airports. This proximity makes Candlewood Suites a favorite spot for tired travelers.
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Candlewood Suites is listed in the Franchise Directory under the Home Services category. It's also listed in the section for Franchises Under $50,000.
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