Candlewood Suites

Candlewood Suites: A Look at the Franchise Opportunity

History and Growth

Candlewood Suites, a well-known hotel chain, has been around for over 25 years. The company opened its first hotel in 1995 and quickly expanded through franchising. In 2007, Candlewood Suites made its international debut in Montreal, Canada. Today, there are over 400 Candlewood Suites locations across the United States, with more in development.

Why Choose a Candlewood Suites Franchise?

Candlewood Suites is known for its comfortable, home-like accommodations. Each suite features a fully equipped kitchen, a workspace, a TV with a DVD player, free Wi-Fi, a laundry room, and comfortable living space. This makes Candlewood Suites a popular choice for business travelers who appreciate the convenience of having everything they need within their suite.

Candlewood Suites also focuses on providing a clean and affordable experience. The company's commitment to guest satisfaction includes features like the Candlewood Cupboard, where guests can purchase snacks and meals at any time.

Is a Candlewood Suites Franchise Right for You?

Starting a Candlewood Suites franchise requires a significant financial investment. Potential franchisees need to be prepared to cover initial franchise fees, startup costs, ongoing royalty fees, and potential renewal fees. The company has partnered with third-party financial providers to assist franchisees with financing options.

While Candlewood Suites offers a relatively easy-to-run franchise model, franchisees are expected to be actively involved in the day-to-day operations. You'll have the opportunity to hire management staff, but absentee ownership is not permitted.

In return for your investment, you'll receive comprehensive training, a robust marketing program, and ongoing support from the Candlewood Suites team. You'll also have the chance to join the Intercontinental Hotels Group (IHG), a global network of hotel owners, providing valuable resources and insights.

How to Get Started

If you're interested in learning more about a Candlewood Suites franchise, the first step is to do your research. Explore the brand, understand the market in your area, and determine if a Candlewood Suites hotel would be a successful addition to your community.

Once you've decided to move forward, download and review the franchise disclosure document. This document will provide detailed information about the estimated costs, timelines, and other important details.

After submitting an inquiry, you'll have the opportunity to discuss your franchise requirements and your chosen location with a Candlewood Suites executive. If your application is approved, you'll receive a thorough explanation of the franchise agreement. Finally, you'll need to sign a contract before officially opening your Candlewood Suites hotel.